Intro to EB-5
So what is EB-5?
The EB-5 program is an invest to immigrate program created by Congress in 1990. Foreign nationals can get a Green Card if their investment of $500,000 or $1,000,000 into a local project creates at least 10 full-time American jobs. The program enjoys bipartisan support. Since 2005, the EB-5 program has secured over $6.5 billion in foreign direct investment and has created more than 131,000 new full-time jobs, at no expense to the taxpayers.
Why is EB-5 Important?
EB-5 is a win-win-win. Developers gain access to affordable capital, the community benefits from increased job creation, and investors can safely and legally immigrate to the United States.
“I can tell you that Green Card Fund is really the gold standard in EB-5 Regional Centers.”
Vice President, Alliance Bank
A word from IIUSA
A comprehensive peer-reviewed economic study found that during fiscal year 2012, investments made through the EB-5 program contributed $3.39 billion to U.S. GDP and supported over 42,000 U.S. jobs. This is more than a 100 percent increase from the average annual impact result reported in 2011. And, these jobs were created at no cost to taxpayers. The Congressional Budget Office has scored the program as revenue neutral, with administrative costs paid for by applicant fees.
More than 25 countries, including Australia and the United Kingdom, use similar programs to attract foreign investments. The American program is more stringent than many others, requiring substantial risk for investors in terms of both their financial investment and immigration status.
Annually, the EB-5 Program accounts for less than 1% of the visas issued by the U.S. Throughout the process, EB-5 investors are subject to the same background checks and national security screenings as applicants in any other visa category, and their ability to eventually apply for citizenship is subject to the same criteria as other visa holders. Like any other investment vehicle, EB-5 investment funds are subject to U.S. securities and anti-fraud laws and regulations.
- Investments made through the U.S. EB-5 program must be “at risk” in the same way that investments in stocks or equity funds carry an inherent risk. There is no guaranteed financial return.
- If their application is approved by USCIS, EB-5 investors receive a conditional visa that is valid for two years. In order to receive a permanent visa, these investors must demonstrate that the legally required economic benefits flowing from their investments have been achieved.