For the immigrants there are in the United States who are seeking for permanent, employment based residence in the United States, there are five clear paths to getting the desired immigration visa. Of the five, four of them are actually dependent on the following factors; extraordinary ability, specific skill, educational attainments and association that one may be having with some specific population or labor need.
The fifth way to help you secure your green card or visa to be a permanent resident in the United States as an immigrant therein would be through the EB-5 program. By and large, when we talk of the EB-5 visa programs, these are investment based visa plans that demand that an applicant make an investment in the US economy, a domestic commercial investment and this should create at least 10 permanent and full-time jobs. If at all you happen to be such an investor who’s made such an investment in the US, then you and your immediate family members will be so eligible to acquiring that green card, the visa for acquiring permanent residence in the United States, legally or lawfully for that matter.
By and large, looking at the history of the program, EB-5 program, this is one that goes back to the year 1990 when it was rolled out and its main aim was to encourage foreign investors to make investments in the United States to spur job creation in return getting to earn their permanent residency statuses. By and large, the program is not any way unique to the United States for quite a number of countries around the world somewhat emulate or have similar programs, the citizenship investor programs or some other sort of immigrant investment program with some of them being such as Canada, United Kingdom and many other countries in the European Union, EU.
By and large, with the wide ranging changes there have been effected in the US government when it comes to the immigration system and the existing visa program, the EB-5 program not excluded, will face a lot more scrutiny. Given these effects and changes, many have actually been asking the question of the effectiveness of the EB-5 visa or green card program, as it has been over the years gone by.
Going ahead, we want to take a look at some of the basics of an EB-5 plan anyway, how it works. Basically, for one to qualify for lawful permanent residence in the United States under the EB-5 program, the immigrant investor must have first of all have invested not less than $1 million in a new commercial enterprise. Added to this, the enterprise must as well have created at least 10 permanent full time jobs to US workers.