Tip #25: What is the EB5 Program?

EB5 Program

If you live in a foreign Country and are looking to invest funds in the United States or possibly obtain U. S. Citizenship, you may have heard of the EB5 program.

The EB5 program was created by Congress in 1990 for foreigners to obtain potential U.S. citizenship and green card application status. It is geared toward entrepreneurs with a wife or unmarried children under the age of 2.

In exchange for potentially receiving U.S. citizenship and Green Card status, there are a few specific items that must be met.

EB5 Criteria

• Investment of $500,000 or more in U.S.
• Employment of 10 or more U.S. workers

The EB5 program has been extremely popular in parts of Asia, Latin America and elsewhere around the world.

Over the past several years, it has become more difficult to pull money out of foreign Countries, such as China, in order to invest in the United States and ultimately obtain Green Card status.

It is imperative that you consult an attorney and EB5 specialists to assist with the legalities  and registration of this particular transaction. To read further about the specific EB5 criteria, this article may be helpful, https://www.uscis.gov/working-united-states/permanent-workers/employment-based-immigration-fifth-preference-eb-5/about-eb-5-visa-classification

If you are looking to find a property in the New York area for an EB5 project, we have experience and kind the ideal project for you. Please contact us at garayrealestate@gmail.com