Immigration to the United States continues at a steady pace, particularly for those who want a green card to work. In 1990, the EB-5 Visa Program was launched to stimulate the national economy by creating additional jobs. Out of countless applications for green cards, approximately 10,000 slots for applicants are offered annually.
How to qualify
Qualifications require applicants to invest significant sums of money in developing a company based in the United States. Options exist to lower costs for those focused areas with higher levels of unemployment, including rural parts of the country.
Various options exist for applicants looking to create new commercial enterprises that are admittedly subject to risks. Those include:
- Investments that target regional centers
- Expanding existing enterprises that saw increases of 140 percent in employment
- Support for existing companies who have lost 20 percent of capital over several years
While less profitable, investors could see a more reliable and steady cash influx due to more companies qualifying for the program. In addition, asset management would not require active participation by investors, allowing them to focus on other investments targeting more workers interested in moving to the United States.
Monetarily, applicants can qualify for the program if they hold capital exceeding $1 million or annual incomes of $200,000 over two years. Another option involves the joint income of spouses not less than $300,000 if they create a minimum of 10 full-time jobs for US citizens.
Additional conditions include:
- Salaries less than the industry average
- Legal capital meant for investments
- Sources of income undergoing a due diligence review
The first two years will provide permanent residence for employees, spouses, and children (younger than 21). That condition will be removed should the business continue to meet program requirements.