EB-5 Immigrant Investors
EB-5 Immigrant Investors
The EB-5 classification requires an investment of $1 million, or $500,000 in a high unemployment or rural area. The investment must be in a commercial enterprise that will create or preserve at least 10 full-time jobs for U.S. workers within 2 years, or within a reasonable time-period after the 2 years in certain very limited circumstances. Foreign nationals approved for EB-5 classification are granted conditional permanent residence for a 2-year period, following which permanent residence can be made permanent if the investment in the investment has continued and the requisite jobs have been created.
In addition to investing in an entity that was created by the investor, the USCIS allows EB-5 visas to be granted foreign nationals who have invested in “Regional Centers” which have been approved by the USCIS for investments that will create the necessary 10 jobs per investor. Most of the Regional Centers are in areas where $500,000 is the required level of investment.
Due to the restrictions on the types of investments that qualify for EB-5 purposes and the extensive documentation requirements, an EB-5 investor visa is not appropriate for all investors seeking lawful permanent residence. The experience of HSPRD in handling the complex issues involved in seeking EB-5 status can be valuable in guiding potential investors through this process.
If you would like to consult with an experienced HSPRD attorneys about obtaining permanent residence status through the EB-5 investor program, please contact our Firm at (312) 239-7675 or info@chicagovisalawyers.com
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