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.
Currently, there are two type of projects and investment qualifies for EB-5 Program:
- $1.05 million investment in newly and recently created business
- $800,000 investment in rural or designated high-unemployment, Targeted Employment Area (TEA)
JTH Lawyers offer the second option to our investor clients: To invest $800,000 in project in rural and designed high-unemployment, Targeted Employment Area (TEA).