The EB-5 Immigrant Investor Program, established by Congress in 1990 to improve the US economy through job creation and capital investment by foreign investors, is administered by the USCIS. Investors may also qualify for EB-5 classification by investing through regional centers chosen by USCIS based on suggestions for supporting economic growth, under a scheme that was first adopted as a pilot in 1992 and has been periodically reauthorized since then. President Trump signed a bill extending the Regional Center Program until June 30, 2021 on Dec. 27, 2020. Continue reading futher, as this article explains the investment visa for usa.
Job Creation Requirements
An EB-5 investor must put the required amount of money into a new commercial venture that will employ at least 10 people full-time. A troubled business is one that has been in operation for at least two years and has had a net loss in the 12- or 24-month period preceding the immigrant investor’s Form I-526 priority date. This period’s loss must be at least 20% of the struggling company’s net worth before the loss. When determining whether a difficult business has been in operation for two years, USCIS will look at successors in interest to see if they have been in operation for the same amount of time as the troubled firm they succeeded.People insterested in reading more about immigration articles, do click on abogado de inmigracion en houston tx
A qualifying employee is a U.S. citizen, lawful permanent resident, or other immigrant authorized to work in the United States, including a conditional resident, temporary resident, asylee, refugee, or someone on deportation hold. Immigrant investors, their spouses, sons, and daughters, and any alien in any nonimmigrant status (such as an H-1B nonimmigrant) or who is not authorized to work in the United States are not included in this description.
Full-time employment means that the new commercial firm hires a qualified employee for a position that requires a minimum of 35 hours per week of labor. In the case of the regional center program, full-time employment also refers to the hiring of a qualified person in a position that was created indirectly and requires a minimum of 35 hours per week of labor.
Capital Investment Requirements
Capital includes cash, equipment, inventory, other tangible property, cash equivalents, and indebtedness secured by immigrant investors’ assets if they are personally and primarily liable, and the assets of the new commercial enterprise on which the petition is based are not used to secure any of the indebtedness. In US dollars, all capital will be appraised at fair market value. For the purposes of section 203(b)(5) of the Act, assets acquired by illegal means (such as criminal acts) will not be considered capital. People who are looking for the best immigration attorney in houston, texas, click on the link to know more.