The EB-5 Investor Visa program offers many benefits to foreign nationals who wish to immigrate to the United States permanently.
Qualified investors can utilize the EB-5 visa to become permanent residents of the United States with a path to U.S. citizenship, travel visa-free to 189 countries, and access the U.S. healthcare and education system. These benefits also apply to the investor’s spouse and unmarried children under 21. Green card holders can also attend U.S. schools, including top-tier schools and Ivy League universities, at the same cost as U.S. citizens.
After five years of residency, they can apply for U.S. citizenship
Investing in an EB-5 visa requires meeting specific investment criteria:
Qualified businesses include sole proprietorships, limited and general partnerships, LLCs, and various other types of businesses. You may also qualify by launching a new business, investing in an existing business, purchasing an established business, or investing in a regional center.
While the EB-5 visa requires a minimum investment of $800,000 for projects in rural areas and those with high unemployment, or a minimum of $1,050,00 for projects and businesses that do not fall into this category, that may not be the full amount you end up paying.
When applying for an EB-5 investment visa, it's important to allocate funds for administrative fees, which typically range from $60,000 to $100,000. Additionally, there will likely be attorney fees to consider as well.
There are specific costs involved with an EB-5 visa:
Most EB-5 visa applicants will choose to invest in TEA areas with the lower $800,000 investment threshold. Non-TEA projects have a higher investment threshold of $1,050,00 but cater to foreign investors with different risk tolerance and investment goals.
As an example, assuming you invest in a Rural TEA project or an HUA TEA project, here is a list of fees you may incur:
Total: $900,000 - $960,000
One of the key requirements of the EB-5 visa is that the funds used for an EB-5 investment must be lawfully obtained. This means the funds must have been obtained through lawful activity and cannot be obtained through illegal conduct.
The main component of the EB-5 Visa program is the capital investment in a commercial enterprise. capital investment from foreign investors can be in the form of cash, equipment, inventory, property, or secured debt.
Application timelines for EB-5 investment visas may vary by individual but it starts completing an I-526 petition that typically takes 2 months. However, depending on your situation, this can take up to eight months.
The timeline depends on how the investor decides what to invest in and how they conduct their due diligence. Investors will have to collect and provide documentation demonstrating their funding source to show they have the resources to make the necessary $800,000 investment.
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