us investor visa attorney in Mumbai
us investor visa attorney in Mumbai
The EB-5 Investor visa program encourages foreign investment in the United States by offering permanent residency to investors who invest a minimum of $900,000 in a designated targeted employment area or $1.8 million in a non-TEA area, creating at least 10 full-time jobs for US workers. Indian investors are increasingly interested in the program due to several reasons such as long waiting times for other employment-based visas, faster permanent residency without requiring an employer sponsor or job offer, and bypassing the US green card backlog. This article provides an overview of the EB-5 visa program and the importance of EB-5 visas for Indians, including benefits such as the ability to live and work in the US, access to better education and healthcare, and sponsorship of family members. It also provides insights into current trends and future outlooks of EB-5 visas for Indian investors.
Overview of the EB-5 Visa Program
The U.S. government created the EB-5 visa program, also known as the Immigrant Investor Program, in 1990 to attract foreign investment and create jobs in the country. It allows foreign nationals to obtain permanent residency in the United States by making a qualifying investment in a new commercial enterprise that creates at least 10 full-time jobs for U.S. workers.
History and Background:
The U.S. Congress created the EB-5 visa program in 1990 to stimulate economic growth and job creation in the country. The program was designed to encourage foreign investment in the United States by providing a pathway to permanent residency for foreign nationals who invest in new commercial enterprises that create jobs for U.S. workers. The program has undergone several changes over the years, including increased investment amounts and the creation of regional centers to facilitate investment in targeted employment areas.
Eligibility Criteria:
To be eligible for the EB-5 visa program, an individual must invest in a new commercial enterprise that creates or preserves at least 10 full-time jobs for U.S. workers. The investor must invest a minimum of $1.8 million, or $900,000 if the investment is made in a targeted employment area, and demonstrate that they obtained the funds through lawful means. Moreover, they must show that the funds remain at risk for the duration of the investment.
Investment Requirements:
To qualify for the EB-5 visa program, an investor must make a qualifying investment in a new commercial enterprise. This can include creating a new business, expanding an existing one, or acquiring a troubled one that will be restructured to create new jobs. The minimum investment amount is $1.8 million, or $900,000, if the investment is made in a targeted employment area, defined as an area with high unemployment or a rural area.
Job Creation Requirements:
To meet the job creation requirements of the EB-5 visa program, the new commercial enterprise must create or preserve at least 10 full-time jobs for U.S. workers within two years of the investor’s admission to the United States as a conditional permanent resident. The jobs must be full-time and permanent, and they must be held by U.S. citizens, lawful permanent residents, or other authorized workers.
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