By Horace Jones
The 5th preference employment based visa (EB5) was created as part of the Immigration Act of 1990. It was developed in order to generate revenue for the United States economy and to help create new jobs for American workers. The visa requires an investment of at least $1,000,000 into a new or pre-existing business, or a government certified Regional Center. If the investment is made in a Targeted Unemployment Area (TEA), that figure can be reduced to $500,000. A TEA, as defined by the Immigration Act, is “a Rural Area (areas with populations under 20,000 people) and areas of high unemployment (areas with unemployment rates 150% or more of the national rate).” Interest in the Eb5 Green Card continues to grow, as new investment opportunities open up and awareness of the program steadily inclines. Still, some potential investors remain unsure of whether or not this visa is a viable option for them. In this article we will examine some ways in which a potential immigrant investor can determine if the EB5 visa program is an appropriate choice for them to take on their path to a United States green card visa. You have business experience/You don’t have business experience–Successful completion of the Eb5 Investor Visa program requires the creation of ten new full-time jobs for American workers. This requirement can be made much easier to satisfy through an investment in a government certified Regional Center, because investments in these Centers allow for direct, indirect and induced job creation. Those terms are defined as follows: Direct Jobs – Direct Jobs are jobs that establish an employer-employee relationship between the newly established commercial enterprise and the persons that they employ. Indirect Jobs- Indirect Jobs are the jobs held by persons who work outside the newly established commercial enterprise. For example, indirect jobs may include employees of the producers of materials, equipment, and services that are used by the commercial enterprise. Induced Jobs – Induced jobs are a sub-set of indirect jobs that are calculated using economic models. These are those jobs created when direct and indirect employees go out and spend their increased incomes on consumer goods and services. Regional Centers area allowed a more flexible path to satisfying the job creation portion of the visa program, they should help the investor both manage and monitor their investment. Investors are encouraged to seek out those Regional Centers with proven track records in helping EB5 visa members successfully see their investment all the way from the beginning of enrollment to the receipt of a Green Card Visa. While business experience will certainly help in understanding and fulfilling the visa requirements, no experience is required. Many times potential investors become hesitant to put their money at risk due to their lack of business experience, or fear that they will be fully responsible for either managing the investment, overseeing the job creation, or both. An investment made in the appropriate Regional Center can help allay these fears. For some EB5 investors, a strong relationship with the principals of an EB5 Regional Center can mean the difference between never enrolling in the program and enjoying unconditional status after two years of compliance with the guidelines of the visa. Click here if you are interested in learning more about the eb5 visa program, also known as the immigrant investor visa.
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MLA Style Citation:
Jones, Horace "Is the EB5 Immigrant Investor Visa Program for You 2." Is the EB5 Immigrant Investor Visa Program for You 2. 23 Jun. 2010. uberarticles.com. 22 Oct 2014 <http://uberarticles.com/business/is-the-eb5-immigrant-investor-visa-program-for-you-2/>.
APA Style Citation:
Jones, H (2010, June 23). Is the EB5 Immigrant Investor Visa Program for You 2. Retrieved October 22, 2014, from http://uberarticles.com/business/is-the-eb5-immigrant-investor-visa-program-for-you-2/
Chicago Style Citation:
Jones, Horace "Is the EB5 Immigrant Investor Visa Program for You 2" uberarticles.com. http://uberarticles.com/business/is-the-eb5-immigrant-investor-visa-program-for-you-2/
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