Under the Immigration Act of 1990s, EB-5 visa program was created.
In very simple words, this particular visa program requires a foreign investor to make an investment or actively participate in the investment process of a new or existing business, which directly or indirectly creates at least 10 full time jobs in the nation.
The best thing about this program is that it allows the applicant to obtain the prized US Permanent Residency, along with his spouse and children who are below 21 years.
Every year, the US Government, under this particular business immigration program, grants 10,000 visas.
However, among them, 3,000 visas are issued only for those aliens, who invest their funds in designated regional centers, highly unemployment areas, or other such qualifying rural regions of the nation.
If you are thinking of applying for the US immigration, under EB-5 category, you have to apply at the United States Citizenship and Immigration Services (USCIS) to qualify for EB-5 Visa, through the submission of certain essential elements, including immigration form, information on personal financial condition, plan for business, brief on your educational qualification, a copy of the approval letter provided by the Regional Center, and other supporting documents.
The primary EB-5 immigration application is known as the I-526 Petition.
The best thing about this American Visa is that people from every walk of life -- such as businessmen, professionals, people want to facilitate education to their children in US, individuals seeking a better life in the country and those wanting to retire in the country -- can take advantage of it.
Besides, the EB-5 Visa provides employment opportunity to the investors along with their family.
In fact, this particular visa provides flexibility to do anything you want in the country.
In case, you are not interested in actively managing your business in the nation, you can consider EB-5 investment in a regional center.
But, if you want to manage your own business in the country, consider the EB-5 Alien Entrepreneur Investment, wherein you have to invest $1,000,000 to start your own business and create 10 new jobs.
However, there are several countries, where the residents of which are not allowed to apply for the EB-5 Visa, with North Korea being one such nation.
In most of the cases, if the applicant leaves the excluded country and has the required funds to qualify under this program, a legal counsel can help him for the visa approval.
So, before applying for the EB-5 immigration visa, consulting your attorney will be very helpful.
You will get to know whether your native country is on the excluded country list.