The EB5 Visa Program provides foreign investors with an opportunity to come to the United States and live the American Dream. Everyone knows how long and drawn out the process to get a Visa can be; but if you’re an investor, the EB5 program offers a lucrative alternative.
In an effort to stimulate the American economy while encouraging international investors, the U.S Immigration Act of 1990 created this EB5 Visa Program to attract foreign investors while creating more jobs for the American people. Approximately ten thousand slots are available each year, half of which are reserved for those who choose to invest in states with low employment rates.
If you’re looking to get a green card through this program, Florida is a great state to invest in! By investing in Florida, you can qualify for an EB5 investment visa with a minimum investment of only $500,000. Other states, such as Texas, require a minimum investment of $1,000,000 in order to qualify.
Getting a green card through this program will provide you, your spouse, and your children under the age of 21 a visa; after 5 years, all of you will be eligible to apply for citizenship. It also allows you to avoid the regular, tedious process you normally have to go through to obtain a US green card.
There are only three basic requirements for obtaining an EB-5 Visa:
- You must invest in a current business that was started after November of 1990, or establish a new business.
- You must invest a minimum of one million dollars anywhere in the United States of America. If you invest in a USCIS-designated regional center, you are only required to invest $500,000.
- The company must be able to create at least ten full-time jobs for American workers.
Today, there are plenty of businesses to choose from that support the EB5 program. A few short years ago, only around twenty regional centers operated throughout the country. As interest and knowledge of the opportunity grows, more and more companies will support EB5 investors.
There are many benefits to obtaining a visa through the EB5 program. First of all, you get permanent residency. Secondly, you don’t need to be sponsored from anyone. Perhaps the best benefit is that you don’t have to deal with backlogs and delays that can come from green card applications.