The EB5 US immigrant visa or the US EB5 visa program is a US immigration investment program for foreign investors who want to get a green card for the whole family. Through EB5, spouses and unmarried children under the age of 21 will be granted a green card and fully enjoy US permanent resident rights as investors.
HISTORY OF THE EB5 US IMMIGRATION PROGRAM
The EB5 immigration program was approved by the US Congress under the Immigration Act of 1990 (IMMACT90). Congress has decided to establish the EB5 program to stimulate the development of the US economy by providing opportunities for foreign investors investing in US commercial enterprises to live and work permanently in the US. America. In 1993, Congress created the Immigrant Investor Pilot Program that was implemented around the same time to encourage interest in the EB5 program. This new pilot program has formed the EB5 Regional Centers. Regional Centers are businesses designated by the United States Citizenship and Immigration Services (USCIS) to manage EB5 investments and create jobs.
By investing in the investment incentive zone, investors and their families will receive a green card and enjoy all the benefits like US citizens. Compared with some other popular programs such as E-2 and L-1A, the EB5 US immigration program does not require qualifications, foreign languages, owning a company, and does not require experience in management or operation. There are no binding conditions to open a company after getting a green card.
Currently, although there are many programs to immigrate to the US, the EB5 US settlement under the Regional Center is the official direct US green card investment program, with the neatest and safest route (does not go through many steps and does not have to be completed). detour). This is an option that ensures the safety of your US settlement plan, as well as the ability to recover your family's investment.
BENEFITS OF JOINING THE EB5 US IMMIGRATION PROGRAM
When participating in the US immigration program EB5, investors and their families will receive many benefits such as:
Have the opportunity to be granted a Permanent Green Card (Permanent Resident for 10 years);
The opportunity to naturalize the US and keep dual citizenship;
Spouses and children under the age of 21 follow the application and enjoy permanent residency;
Be able to live in any of the 50 states in the US;
Have the opportunity to work at any company in the US;
Have the freedom to open a company or business;
May own real estate or any property that a U.S. citizen has a right to own;
The investor's children are exempt from tuition fees when studying at public schools from primary to high school. University and graduate tuition fees are equivalent to US citizens (only 1/3 of that of international students);
Students with green cards can get long-term interest-free (or very low-interest) loans from the US government to pay tuition fees;
Receive social security benefits upon retirement if working for more than 10 years before retirement;
May apply for Social Security, Supplemental Security Income (SSI), and Medical Care (Medicare) benefits if eligible;
Enter the US unlimited times and do not need a visa.
INVESTMENT FORM EB5
There are two forms of investment: direct investment and indirect investment. Direct investment means an investor opening a branch, company or acquiring a business unit operating in the US; and meet USCIS' requirement to create 10 full-time jobs for 2 consecutive years.
An indirect investment is an investment in a project of a Regional Center. The indirect investor must invest in a project funded by a regional center designated by the United States Citizenship and Immigration Services (USCIS). The investor's EB5 immigrant visa application will be tied to the Regional Center Program licensing to operate.
Investment capital into the business is $ 1,050,000, if choosing a target employment area (TEA), the required investment capital is at least $ 800,000. Regional center projects often choose targeted employment areas that require low capital, investors only need $800,000.
After the passage of the EB5 Integrity and Reform Act in March, it created a wave of debate about the choice of EB5 investment form – between direct and indirect investment (with regional center investment). ) which brings higher value to investors. However, it is very difficult to choose one of the two categories, depending on the purpose of the investor, it will be suitable for different investment categories.
For example, if an investor wants to get a green card quickly and doesn't want to face business management problems, the EB5 Regional Center investment is more appropriate.
CONCLUSION
In summary, if you are an active investor, have lived in the US for a long time, understand the US business environment, the EB5 US immigration program is considered the most suitable investment program with many benefits. Good for you. In choosing which type of investment, you need to seek more detailed advice from professional consultants and immigration lawyers. And at Viva Consulting Service we always have an immigration lawyer and a qualified consultant ready to advise you!