The EB-5 visa, also known as the “Employment Creation” or “Investor” visa, allows for Lawful Permanent Resident (LPR) status for individuals who meet the following criteria:
In addition, in October 1992 Congress established a pilot program that authorizes investment through regional centers and relaxes the job creation requirements so that jobs may be proven through direct or indirect employment. The authorized regional center projects include a good mix of those requiring a $500,000 investment and those requiring a $1,000,000 investment. The probability of achieving a successful outcome does not depend on whether you invest in a $500,000 project or a $1,000,000 project and it may very well be that investors are able to identify a $500,000 project that will satisfy their needs.
A successful EB-5 applicant receives conditional LPR status, which is valid for a period of 2 years. To remove this conditional status, during the 90-day period prior to the expiration of the conditional LPR status, the investor must file a Petition for the Removal of Conditional Resident Status. The petition will be approved and the investor will be granted permanent LPR status if the investor successfully shows that they:
To speak with an immigration attorney about EB-5 visas for investors contact Grossman Young & Hammond.