The legal immigration process can be confusing. Fortunately, there are several different ways to immigrate to the United States, with each method tailored to a specific group. Achieving the American dream is made possible for a variety of immigrants. For foreign entrepreneurs looking to invest substantial capital into a new U.S. commercial enterprise, the EB-5 visa method would be their best option. The EB-5 visa is the fifth category of employment-based visas. It is issued under the Immigrant Investor Program, more popularly known as the EB-5 Program. The program was created by Congress over two decades ago as a means to promote economic development and job creation in the U.S. The EB-5 Program grants oversea investors a green card in exchange for investing a minimum of $500,000 in a domestic business.
The program has proven to be a success and has gained popularity in recent years, especially after the severe recession. The EB-5 program has created nearly 34,000 U.S. jobs since its inception. Last year alone, it generated over $1 billion worth of investments, and that number is expected to increase.
Since the economic downturn in 2008, the EB-5 program has proven to be the preferred alternative to the unavailable funds seen domestically. With local funds dried up, many businesses have turned to oversea investors to push-start their ventures.
The Immigrant Investor Program can be seen as a win-win. It is an avenue for the United States to reinvigorate its economy and promote for job creation. At the same time it is also a way for immigrant investors to seek a better, more secure life.
For the foreigners investing in the United States there are clear cut advantages to getting the EB-5 Visa.
• Direct Route to a Green Card:
The conventional method of obtaining a green card can be a lengthy process, however, the time can be shortened through the EB-5 Program. The time is cut in half. There is no backlogging in the system which helps speed up the procedure.
• Full Citizenship after 5 Years:
Assuming that the immigrant investors are in good status, they can maintain full citizenship after 5 years of obtaining their green card.
• Live Anywhere and Retire Anywhere:
Once the foreign investor obtains citizenship they are awarded all the benefits of being a citizen. They are entitled to own property, start up a new enterprise, vote, travel easily internationally, etc.
• No Sponsors Required:
Sponsors used to be a required part of the program, but not anymore. Sponsorships aren’t needed as a way to show trust in investing into the United States. Instead, personal responsibility is important and key in the EB-5 visa program.
Our economy and our businesses also benefit greatly from foreign investors.
• Business Revival
- Often times investments can help revive a struggling business. When investments are made there is typically a spike in productivity and money exchanges.
• Expanding Employees
– Since it is a requirement for foreign entrepreneurs to create or preserve at least 10 permanent full-time jobs within two years of entering into the program, investments made typically help generate more jobs for Americans.
• Expanding Economy
– Not only do the investments help create and sustain jobs within the economic entity being invested, it can also indirectly boost the local economy by pooling in shops, restaurants, and other businesses.
The EB-5 Visa program has grown in recent years due to the economic downturn at home and booming economies overboard notably in China and Latin American countries. The program has provided thousands of immigrant investors with a chance to obtain a piece of the American Dream, while at the same time generating capital and jobs into local U.S. economies.
About the Guest Author:
Carol Carter currently works at EB5investors.com and is passionate about writing articles related to EB-5 Visa program & immigration; especially about Visa types which are in high-demand among the applicants.
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