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US EB-5 Visa Program Cap Runs Out

January 2015, 21
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US EB-5 Visa Program
US EB-5 visa program has become the most popular option among immigrant investors and for the first time the program has reached the cap of 10,000. Notably, 11,000+ overseas citizens have filed an application for EB-5 Visas in 2014. 

EB-5 visa program is outlined to promote the US economy through creating jobs and making capital investment. The program sunsets for every three years and is going to review in September 2015. 

Apparently, the EB-5 Visa program is applicable for investors who can able to make a direct investment of $1,000,000 in an existing project or start a new business in the US, which generates at least 10 jobs for US workers. On the other hand, in case of specific employment area, the investment amount is reduced to $500,000. Investment through EB-5 Regional Center, which is committed to improve domestic capital promotion, create jobs, enhance regional productivity is also allowed. In this case, indirect job creation can meet the requirements of the EB-5 Program. 

Sources stated that upon receiving approval for EB-5 investment, a conditional permanent residence will be granted for overseas investors along with minor dependent children. If the overseas investors can demonstrate that the investment meets the job creation requirements of EB-5 program after a period of two years, they will be issued a permanent residence.

Additionally, U.S. Citizenship and Immigration Services reckon to grant conditional visas within 14.7 months and visas in 8.6 months.

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