What is the US EB-5 Program:
The United States Citizenship and Immigration Services administers the Immigrant Investor Program, also known as “EB-5,” created by Congress to stimulate the U.S. economy through job creation and capital investment by foreign investors.
Under a pilot immigration program first enacted in 1992 and regularly pre-authorized since certain EB-5 visas also are set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth. Each year, 10,000 EB-5 immigration visas are available. 3,000 EB-5 visas were set available for investors in Regional Centers approved by USCIS based on ideas for supporting economic growth in 1992, and have been reauthorized on a regular basis since then.
The Basic Program and the Regional Center Pilot Program are two unique EB-5 avenues for immigrant investors to obtain lawful permanent residence for themselves and their immediate family. Both programs require the immigrant to make a $500,000 or $1,000,000 capital investment in a new commercial venture in the United States (depending on whether the investment is in a Targeted Employment Area [TEA] or not). According to the law, TEA is defined as “a rural region or a region where unemployment is at least 150 percent of the national average.”
Within two years (or, in some cases, within a reasonable time beyond the two-year term) following the immigrant investor’s admission to the United States as a Conditional Permanent Resident, the new commercial firm must generate or preserve 10 full-time positions for qualified U.S. employees (CPR).