The Immigration Act of 1990 (“IMMACT 90”) established the Immigrant Investor Program as the fifth preference category under employment-based immigration. This program is typically referred to as the EB-5 green card program.
The EB-5 green card is available to foreign nationals who have invested at least $1 million into a new commercial enterprise. Along with the minimum investment amount, the foreign national must also prove that the investment will create 10 new, full-time job positions for U.S. employees. Additionally, foreign nationals who direct their investment into a “targeted employment area” (TEA), are only required to $500,000 in order to receive their green card. Foreign investors can also take advantage of the lowered minimum amount by investing into a U.S.-government approved Regional Center.
While there are only 10,000 EB-5 green cards available every year, this limit is rarely reached. The EB-5 program remains a very good immigration option for interested foreign investors who wish to bring their family to the United States. There are many advantages to the EB-5 program. For example, there is no requirement that the investor have a job offer from a U.S. employer, or that the investor complete the lengthy PERM labor certification program. Instead, the investor, with the help of an experienced attorney files the Form I-526 Petition directly with USCIS.
At the Callan Law Firm, P.C., our skilled attorneys have successfully filed multiple Form I-526 Petitions for foreign investors. Contact our office today to begin your own EB-5 case!