4 Things You Need to Know about Getting an EB-5 Visa
If you are looking to invest in the United States, the Eb-5 Program is a great way to get started. By becoming a part of this program, you can establish your business in the United States and secure visas for you and your family. Before you jump in, however, there are a few things you should know, including what the program is, the benefit of regional centers, what investments will give you the best chance, and what licensing may or may not be required of you.
Eb-5 Visa Program
The United States Citizenship and Immigration Services (USCIS) is in charge of the distributing of the immigrant investor visa to those individuals who take part in the Eb-5 program. The eb-5 visa program calls for international investors to invest in businesses within the United States that will help support the US economy, creating or preserving at least ten full-time jobs during the course of the visa. While there is extensive documentation required for the application, you have the benefit of fast delivery of a US visa for you and your family.
Eb-5 Regional Centers
An eb-5 regional center is the entity that is designated by the USCIS as a place that can be a part of foreign investments that promote the creation of jobs in the United States. To receive this designation, you must submit a business plan and an economic report that shows what your company will do to be successful. In becoming a part of a regional center, you can oversee various projects that will add to the success of the regional center itself, bringing in many investors and better ensuring the success of job projects.
Where To Invest
While there are many areas that can be benefited by the assistance provided by the eb-5 program, with an eb-5 investor visa there are a select group of projects that are better qualified for success. For example, real estate or restaurant developments are sure to supply much-needed positions and generally have greater success than other endeavors. Manufacturing plants, convention and conference centers, and research facilities are also continuing to grow in demand.
When you apply for an Eb-5 Visa, the application process and approval are generally only the first steps. You must also think about what is going to be needed once the approval goes through and you can start getting your projects under way. Licensing is going to be one of your top concerns. While there is not a required license to run a regional center, you will want to determine what state, county or city licensing you will need for business operation; USCIS will provide an approval letter that designates your business as a regional center.
Applying for the Eb-5 visa program can be beneficial to you and your family as well as the US economy. It is good to know, however, the important aspects of the investment before you move forward. If you have questions about the application, contact the USCIS.