The EB-5 Visa program was established for foreign investors to put money into American projects. Overseen by the United States Citizenship and Immigration Services, individuals, along with their spouses and unmarried children under the age of 21, can receive permanent United States residency through participation in this initiative. However, the green cards can only be obtained once certain requirements are completed.
To engage in this endeavor, applicants need to fulfill a number of requirements. They either need to contribute $1 million to a commercial project or $500,000 to such an enterprise in a Targeted Employment Area (TEA). Spread out across the country, TEAs refer to rural locations or places with high rates of unemployment. The investments must also produce 10 full-time jobs for US workers within 2 years of the person acquiring their conditional permanent residency. Alternatively, EB-5 applicants can submit their funds directly to EB-5 Regional Centers, which are found throughout the country and hold government approval to direct how the money is distributed.