In 1990, Congress created the EB-5 Program to stimulate the U.S. economy through job creation and capital investment by foreign entrepreneurs. In 1992, Congress created the Immigrant Investor Program, also known as the Regional Center Program. The USCIS determines whether a business is eligible for treatment as a Regional Center based on the business’proposal for the promotion of economic growth. Under these programs (“EB-5 Immigrant Investor Program”), foreign entrepreneurs (and their spouses and unmarried children under the age of 21) are eligible to apply for green cards if they: (1) make the necessary investment in a commercial enterprise in the United States ($1,000,000 for a basic business or $500,000 for a business located in a Targeted Employment Area (TEA), i.e., a rural area or area with high unemployment); and (2) plan to create or preserve at least ten full-time jobs for qualified U.S. workers.Read More
The EB5 visa was launched by Congress in 1990 and is administered by U.S. Citizenship and Immigration Services (USCIS). The fundamental purpose of the program is to stimulate economic activity, capital investment and job creation through investments by foreign investors who want to live in the U.S.Read More
Today I asked my colleague and friend International Tax Attorney Richard Rubin to explain in an article the new FATCA tax reporting rules that goes into effect on June 30, 2015. FATCA impact US citizens, Green Card holders and other US tax resident individuals who have accounts with non-US banks or financial institutions.
USCIS has released an update on the processing times for I 526 Investor Petitions also known as the Immigration Petition for Alien Entrepeneurs. Petitioners have grown accustomed to adjudication of these Petitions taking 6-9 months. The latest update provided by USCIS is that Petitioners can expect these Petitions to take 16 months to approve. As of July 31, 2013, USCIS is working on I526 petitions filed in March 2012.
Immigration attorney Karen-Lee Pollak explains how to get a green card by investing in the United States.
The EB-5 Program makes 10,000 visas available annually to immigrant investors who invest in commercial enterprises that create at least 10 U.S. jobs. EB-5 investors may petition independently or as part of a USCIS-designated Regional Center.