EB-5 Immigrant Investor Program
The EB-5 Employment-Based Immigration Fifth Preference or more commonly referred to as the EB-5 Immigrant Investor Program was established under the Immigration Act of 1990 and provides an expeditious path to permanent residency for foreign investors. The purpose of the program is to encourage foreign investment into the U.S. economy by giving foreign entrepreneurs who invest in a new U.S. commercial enterprise the opportunity to permanently live, study and work in the United States. Each year, the fifth preference category (EB-5) sets aside 10,000 visas for qualifying foreign nationals. Many immigrants seek to obtain U.S. residency through the EB-5 Immigrant Investor Program as it is faster than many other visa options and has no language or educational requirements. The EB-5 Immigrant Investor Program requires an investment of $1,000,000.00 (or $500,000.00 in a Targeted Employment Area) in a new commercial enterprise that will employ at least ten full-time U.S. persons.