EB-5: The Path to US Residence
What is the EB-5 Program?
Established in 1990, the EB-5 program provides foreign investors and entrepreneurs with the opportunity to obtain Permanent Residence in the United States and at the same time set up a new business venture in the country.
The goal of the EB-5 program is to stimulate the US economy through foreign capital. This program also provides numerous investors/entrepreneurs with the ability to ‘’purchase a Green Card’’ through appropriate investment at a qualified Regional Center. The required minimum investment is $500,000 to $1,000,000.
According to Genilde Guerra, a Partner at the Miami-based Law Office of Kravitz & Guerra, one of the fundamental steps towards an EB-5 Investment is the identification of a qualified, USCIS-approved Regional Center. Always consult a qualified immigration attorney who will determine if the Regional Center that you intend to invest through is an appropriate one. The USCIS system requires minimal investment risk and for that reason, investors must be aware that a Regional center does not guarantee the Green Card.
Also, EB-5 applicants must prove that they have earned the money in a legitimate manner. They also have to reveal the source of their funds. Be aware that investment capital cannot be borrowed by a financial institution.
Always Consult an Experienced Immigration Attorney
It is important to resort to the the services of a lawyer with numerous experience assisting foreign investors with their transitioning to the United States when you decide to apply for the EB-5 Program. A competent immigration attorney will advise you on all administrative and legal procedures associated with EB-5