Eb5 program or the Immigrant Investor
Visa program was introduced in 1990 as part of the Immigration Act. The idea
was to revive the sluggish US economy and create more job
opportunities for the local Americans. About 10 thousand of these Eb5 program
visas are available every year and about 3 thousand of these are designated
into government certified Regional Centers.
Under the Eb5 program or the fifth
employment based visa preference category, was made by the Congress, so as to
encourage foreign investors seeking permanent residency in US by making healthy
investments. There are two ways of utilizing these investments, either starting
a new commercial enterprise in a low employment area in US or investing in a
troubled business. The potential immigrants can offer a new plan on their own
or work on a pre-existing business plan. They will need to shoulder the
responsibility for full two years and satisfy the condition of the job
creation.
The applicant for the Eb5 program can
also seek investment with a certified Eb5 Regional Center. These centers have carefully
studied business plans well in place and help the investor with the whole
process of applying for the Eb5 program. These regional Center investments help
in creating for both direct and indirect jobs that can prove to be very
advantageous for the applicants.
No comments:
Post a Comment