The United States offers a variety of visa options for individuals seeking to live, work, or study in the country. One such option is the EB-5 Visa, also known as the “golden visa” program. This program allows individuals to obtain a green card and eventually become a permanent resident of the United States by investing a significant amount of money in a new commercial enterprise in the country.
To be eligible for the EB-5 Visa, an individual must meet the following requirements:
The individual must make a minimum investment of $900,000 in a new commercial enterprise in the United States. EB 5 investment must create at least 10 full-time jobs for U.S. workers.
The individual must be a foreign national who is not a U.S. citizen or a legal permanent resident.
Source of funds:
The individual must provide evidence that the funds used for the investment were obtained through legal means and are not derived from illegal activities.
Management of enterprise:
The individual must be involved in the management of the enterprise in which they are investing. This can be as an owner, officer, director, or business manager.
The individual must submit a detailed business plan that demonstrates how the investment will create the required number of jobs and how it will be sustainable in the long term.
The EB-5 Visa program has a cap of 10,000 visas per year, and there are specific quotas for individuals from individual countries. It is important to note that obtaining an EB-5 Visa does not guarantee permanent residency in the United States. The individual must still meet all the requirements for permanent residency and go through the appropriate application process.
Overall, the EB-5 Visa program provides an opportunity for foreign nationals to obtain a green card and eventually become a permanent resident of the United States by investing in a new commercial enterprise in the country. To be eligible, an individual must meet the investment, legal status, source of funds, management, and business plan requirements outlined above.