The EB-5 visa is designed to encourage foreign investment in the United States. This employment-based visa category is specifically intended for individuals seeking to invest a substantial amount of capital in a commercial enterprise within the United States. The purpose of this investment is to create or preserve at least 10 full-time jobs for U.S. workers, thereby contributing to economic growth and job creation.

Did you know that the EB-5 visa programme, created in 1990, can help foreign investors secure permanent residency in the United States? By investing in a commercial enterprise that creates jobs for U.S. workers, these investors also help stimulate the U.S. economy. It’s a win-win situation!

So, what do investors need to do in order to be eligible for the EB-5 visa? Here are the main criteria:

    1. Investment: First off, investors need to make a minimum investment of $1.8 million or $900,000 if the investment takes place in a targeted employment area (TEA). TEAs are places with high unemployment rates or rural locations.
    2. Job creation: Next, they must generate or preserve at least 10 full-time positions for eligible U.S. workers within two years of being admitted to the country as immigrant investors.
    3. Source of funds: Of course, they need to show that the investment capital came from legal sources.
    4. Business plan: Lastly, investors have to submit a comprehensive business plan for the proposed commercial enterprise.

Because of its benefits, the EB-5 visa programme has become an attractive option for foreign investors looking to live and work in the U.S. while contributing to the country’s economy.

However, it’s important to note that the EB-5 visa programme has a limited number of visas available each year, which may cause a waiting period. Plus, the application process can be quite complex, so it’s a good idea to consult an experienced immigration attorney to help with the process.

In summary, if you’re a foreign investor aiming to contribute to the U.S. economy and secure permanent residency, the EB-5 visa programme is a fantastic opportunity to consider.

What Sets True North Apart?

Unlike the majority of immigration attorneys, who often lack the expertise to create comprehensive business plans and choose to rely on external professional business plan writers, True North’s experienced business and legal consultant brings a unique skill set to the table. Our consultant not only has an in-depth understanding of the United States Citizenship and Immigration Services’ requirements for employment-based immigration, but also possesses a wealth of experience in crafting business plans.

This unique background enables True North to adopt an innovative approach, developing a hybrid plan that expertly blends the elements of a conventional business plan with aspects addressing the Dhanasar criteria. As a result, our clients receive a more compelling and cohesive petition tailored to their specific needs.