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What is an EB5 Visa and How to Obtain One An EB5 visa is described as an American visa specially intended for investors. To follow, we will layout for you some information about this kind of visa such as its history, who can apply it, how to go about the process of application, and how much it will cost you to apply. The United States is encouraging foreign investments through the EB5 visa. Through this visa, it helps in bring more foreign money into the United States as a way of helping the US economy. A standard program went with the creation of this visa in 1991. With this EB5 visa comes the standard program of requiring foreign investors to come up with an amount of USD 1,000,000 to infuse into the US businesses and thereby used to create 10 jobs. If a foreign investor meets these standard requirements, the person is allowed to live legally and permanently in the United States. If the foreign investor met these basic requirements, his or her spouse and children under the age of 21 can also legally live in the United States. Even if the EB5 visa was introduced in 1991, it was not in full use for 17 years. The government was allowed to issue 10,000 visas under this EB5 program, but only around 500 EB5 visas were issued per year. The immediate reason for this has something to do with the difficulties encountered by the investor in developing a business far from his or her home country. There are big differences between the United States and the original country of the investor that could prove challenging and have a different impact of the business the investor is trying to develop.
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A modification was made for the EB5 program around 1992 and the title is called Regional Center Pilot Program. Under this new program, there is now a smaller investment amount required from the foreign investors in the figure of $500,000 US dollars, though limited to regional centers and qualified American investments. The smaller amount of $500,000 US dollars, as far as the wealthy investors concerned, was already reasonable and getting a green card was justified. Unfortunately, the new program was suspended around 1998 and 2003 because some abuses in the system was discovered that cost the United States some money. The abuses in the system were removed, and the new program called Investor and Regional Center United was created to facilitate and monitor the visa in an efficient way.
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Today, the EB5 limits its yearly quota to 10,000 visas and the investor has to invest $500,000 US dollars forwarded to an investment center within the approval of the US Citizenship and Immigration Services.