EB-5 Visa Business Plans
The EB-5 Visa business plan initiative, a federal program making it possible for foreign citizens to get a permanent residency visa green card, is making the American dream come true for entrepreneurs from around the world. But the EB-5 Visa path to citizenship carries with it very specific regulations from the United States Citizenship and Immigration Services (USCIS) that require careful planning to succeed.
EB-5 Visa Revisions
The EB-5 Visa program focuses on job creation and active participation in the U.S. economy. In November of 2019, the EB-5 Immigrant Investor Visa Program was revised for the first time since being enacted in 1990. According to The National Law Review, the revisions:
- Raised the required investment amount from $500,00 to $900,000
- Raised non-targeted EB-5 Visa investment amounts from $1 million to $1.8 million.
- Changed the rules so that only USCIS, rather than state or local governments, can determine if a place qualifies as a targeted employment area or TEA.
Get in-depth information about the changes at USCIS.
Despite these alterations, the EB 5 visa remains a program that greatly benefits the U.S., the economy, and its foreign business owners and investors.
The EB-5 Investor Visa Program is a way to allow foreign business owners, investors, and entrepreneurs to gain permanent residency by investing in American workers and the U.S. economy. Because this program is focused on career opportunities, there are hiring requirements and a minimum of 10 American workers must be employed. For those able to meet the investment and hiring requirements, the program is a good way to get U.S. residency whole, also supporting the economy of your new home country.
All Wise EB 5 Visa Business Plans are Matter of Ho compliant, with detailed personnel planning and in-depth economic analysis. Whether you need an EB-5 visa business plan for a regional center or for a direct investment project that must meet the requirements set forth in Matter of Ho, Wise can help.