Articles

EB-5 Visa: Basic Requirements and Process to Get an EB-5 Visa

by Asad Waheed Consultant
The EB-5 “Green Card” is a permanent residency United States visa that allows permanent United States residency to immigrant investors who want to invest certain capital in American companies. It requires:

1.    An investment of $1 million or more is required.
2.    The company will hire at least ten full-time positions for either US citizens or legal permanent residents.

EB-5 investor visa applications have become quite popular these days after the USCIS relaxed the requirements with an increase in consistency to grant EB-5 applications.

Reasons to Consider the EB-5 Green Card

•    The green card is granted faster, both for the family members and the petitioner.
•    It does not need a job offer in place or labor certification.
•    There is no need to disclose your net worth.
•    The applicant is not needed to be highly involved in the entire application process.

Process for Investing in a New Business

The foreign investor must invest at least US $1 million or at least $500,000 if you invest in a TEA or targeted employment area.
•    The definition of TEA is a rural area or area that has a high unemployment rate of minimum 150% of the national average.
The investment should show to benefit the United States economy by providing goods or services into domestic markets.
Be it directly or indirectly; the new business should create at least 10 full-time positions for the United States employees.
•    It may include citizens, green card holders, and others who are permitted by law in order to work in the United States.
It may not include the EB-5 petitioner or their family members.
The investment does not have to be cash but may include
•    Assets secure cash equivalents that the foreign investor owns and for which they are liable.
•    Stock, equipment, or other tangible property.
The EB-5 petitioner includes directly in a management capability or as a limited partner.

Criteria to Invest in a Failing Business

•    The business should have been 2 years of existence.
•    It should have returned a net loss for the latest 12/24 month period prior to the petition.
•    The loss should constitute around 20% of the business's net worth on the balance sheet.
•    The amount of investment should maintain at least as many jobs as there were prior to investment for 2 years.
•    Invest $1 million or at least $500,000 if invested in a TEA.
•    The petition may include in regular management or as a limited partner. 

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About Asad Waheed Advanced   Consultant

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Joined APSense since, February 3rd, 2018, From New Delhi, India.

Created on Apr 19th 2021 04:17. Viewed 220 times.

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