The United States provides a host of benefits to those who wish to start their own businesses, which is why new startups are forming every day and innovations are always happening all over the country. If you are hoping to invest in the United States, you will need to follow the immigration laws that are in place for you to do so successfully. In addition to contacting experts like those at Hirson Immigration for help and guidance, check out the short guide below to get started.
Getting to Know the EB-5 Program
In 1990, the United States Congress set up the EB-5 Program in an effort to stimulate the country’s economy through capital investment and job creation by foreign investors. Then, in 1992, the US Congress set up the Immigrant Investor Program, which is also referred to as the Regional Center Program. This program is designed to set aside EB-5 visas specifically for those who are willing to invest in a commercial enterprise that is associated with a regional center that has been approved by the USCIS based upon proposals to promote economic growth.
After much debate, Congress determined that it would allow the EB 5 extension to take place. The program was thus extended through to September 30, 2016, so it is important to understand that changes may occur after that date.
Applying for the EB-5 Program
The United States Citizenship and Immigration Services, also known as USCIS, is in charge of administering the EB-5 program, which is designed to give entrepreneurs, as well as their spouses and their unmarried children under the age of 21, eligibility to apply for a green card to achieve permanent residence in the country.
Individuals and their families are eligible for a green card if they plan to either make or preserve a total of 10 full-time, permanent jobs for United States workers who are qualified, and if they make necessary investments into a commercial enterprise within the United States.
The Benefits of the EB-5 Program
In addition to supporting US businesses by investing in them, the EB-5 program has a host of benefits for immigrants who wish to move permanently to the United States. This is a direct route to getting your green card, and you can live, work, and retire wherever you wish in the country. Also, even though there are a lot of backlogs and delays for both family based and employment based green card categories, the EB-5 program does not have a backlog. You can even choose to become a citizen of the US after you have been a green card holder for five years. And you don’t even need a sponsor because, as a foreign investor, you can use your personal funds
Before you can move to the country and invest in US businesses, you need to understand immigration laws and the benefits and limitations of making your investment in a commercial enterprise within the US. Working with the right professionals who have experience in EB-5 cases will ensure you can achieve your goals.