US EB-5 Visa Program Emerged To Be Most Popular Vehicle For Real Estate Projects

21 Jan 2015


Immigration News

The US EB-5 Visa Program has emerged as a most popular vehicle for real estate projects funding in the US. In the entire program’s history, during the previous year, for the initial time the EB-5 immigrant investor visas cap of 10,000 was depleted and over 1,000 foreign nationals has applied for US EB-5 Visas in 2014.

The main motto behind the establishment of EB-5 Program is to fuel the U.S. economy by creating jobs and capital investment by overseas investors. This program will be administered by the USCIS (United States Citizenship and Immigration Services), a part of Department of Homeland Security.  The EB-5 visa Program takes place for every three years and should be improved by Congress in order to continue the program further. Again in September 2015, the program will be reviewed.

The US EB-5 Visas is accessible for investors who could generate a minimum investment of $1,000,000 in an enduring project or set up a new business in the US, which in turn preserves or generates ten or more employment opportunities for US employees. The investment amount has diminished to 500,000, in the targeted work area.

Investing by means of public or private economic entity entitled as, EB-5 Regional Center is dedicated to raise the job creation, native capital promotion, enhanced regional efficiency as well as augmented economic growth. During which, indirect job creation or preservation could abide the US EB-5 Program requirements.

Following, EB-5 investment and ahead of approval, an overseas investor along with their family members including children below 21 years will be approved with a conditional permanent residence. In case the foreign investor shows that his or her investment fulfils the EB-5 job generation requirements after around two years, the overseas applicant will be issued with permanent residence.

The programs popularity has caused concerns regarding the application processing time that could take a maximum of three years in spite of the reality that USCIS guess specifies a timeline nearer to 14.7 months for conditional Visas approvals and 8.6 months for Visas.

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