How much money is needed for EB-5?

 The EB-5 immigrant investor visa is a U.S Federal Program launched in 1990 that permits foreign entrepreneurs and their immediate family members to relocate to the United States permanently. By investing a specific amount in a business project that generates at least ten full-time jobs for Americans, a person can obtain a Green Card within 24-36 months through the EB-5 visa pathway.

EB-5 immigrant investor visa aims to stimulate the U.S economy through foreign investment and job creation. The EB-5 visa process has yet to be reformed and reauthorized by the U.S congress. The program expired on June 30, 2021, and expects to reschedule for February 2022. Till then, we can only hope for a positive outcome for prospective investors planning to start a new life in the U.S.

Benefits of EB-5 Investor Visa

EB-5 visa offers several benefits to investors, including:

·        Green card for the investor, their immediate family members, spouse, and children under 21

·        Pathway to the U.S citizenship

·        Work, study, travel, and live anywhere in the United States

·        Establish a business with no restrictions

·        No language requirements

·        It is the fastest, reliable, and most straightforward way to get a Green Card.

EB-5 Visa Investment Requirements

The U.S government is quite particular about the EB-5 investments as they must align with the job creation requirements. How much money you need for the investment depends on the location of your business or project that will stimulate employment opportunities in the Targeted Employment Area (TEA). Until November 2019, the minimum qualifying investment was $500,000 for candidates investing in a “targeted employment area,” usually a rural area or a high unemployment area.

But in November 2019, the authorities made some amendments in the investment amount from $500,000 to $9 00,000. The government cited inflation as the leading cause of this increase. On June 23, 2021, the minimum EB5 visa cost changed back to $500,000.

The initial investment must be in a new commercial enterprise. The investment must be $900,000 (USD) in a Targeted Employment Area or $1.8 million in a non-TEA area. The investor must submit appropriate documents in their I-526 petition to prove their capital for the investment. The amount earned must come through lawful resources.

While the applicant invests $900,000 or $1.8 million in a new commercial enterprise, they must invest an additional $50,000 to $80,000 as administrative fees.

The initial EB-5 Green Card is conditional and temporary. Once the two-year period of conditional residency ends, the investor is required to prove that the investment was maintained and at least ten jobs were created to obtain permanent residency status in the U.S. 

How to Get an EB-5 Green Card?

To get an EB-5 visa, you must submit the following documents:

·        The petitioner must include bank statements for up to three years for all bank accounts

·        Deeds and mortgage documents for all owned properties, including all purchases and sales documentation.

·        Documents proving ownership/companies held, and business registration.

·        In the last three years, documents related to previous investments such as stocks, securities, and bonds.

·        If applicable, proof and confirmation of employment, employment contracts, or professional licenses.

·        Documents related to any received inheritances.

 

Kick-start your EB-5 visa process from India with us. Schedule a free counselling today to know how we can help you obtain your Green Card. Contact us to know more about the EB-5 Program and to achieve your American dream.