EB5 Visa Program Explained
- Author Stanley Hermosillo
- Published November 17, 2010
- Word count 574
There are various visas that are needed for entry into the United States of America. For foreign investors who are willing to invest large sums of money in order to create jobs for businesses there is a visa program that is specifically geared towards them. It has been growing in popularity now for years and is set to continue.
Many businesses nowadays offer an EB5 Visa Program. The program itself was created initially by the US Government to try to attract investors from other countries around the world. These investors can then become immigrants to the country. The programs are varied and are all in place in order to attempt to get businesses creating more job opportunities. They are extremely useful for all sized companies and offer huge benefits. In addition to these programs there are also Immigrant Investor visa opportunities. The places that normally in operation to cater for these programs are regional centers.
Only a couple of years ago there were something like twenty regional centers in operation up and down the country. However, in more recent times there are a now a huge number of these centers as demand for their services has grown substantially. This shows that many people are starting to discover and understand the benefits and advantages of the visa programs and how they are can help investors and U.S. businesses alike. The vast majority of these centers that approved by the Government are looking to help and revive industries that are flagging and suffering a bit.
These programs are a fantastic opportunity for investors to be given a chance. This is especially true with the current economic climate and downturn. The reason being that banks are just not lending money any more or are extremely reluctant to do so. The key is trying to put immigrant investments into business projects up and down the country to help with the businesses as a whole. The programs themselves give those living in another country the opportunity to become eligible for owning a U.S. green card visa. This is given if they invest $1 million in an American business. This investment will mean that more jobs are created or maintained. This is the general idea of the program and the regional centers in which they are housed.
There are some regional centers that are placed strategically in areas that are targeted for investment or opportunities. These areas are usually those that have had high numbers of unemployment in recent years and way above the national average. It is thought that these areas would benefit more than others in this investment program. In target areas the amount that needs to be invested has been reduced from $1 million to $500,000 to aid growth and interest. This is the minimum amount that an applicant from a foreign country can invest in order to qualify.
One of the main reasons why investors look to get involved in programs such as these is so that they may obtain a green card. It is seen as the quickest way in which to get this. Every year the government puts aside approximately ten thousand of these green cards for the program in question. This number has never been reached. However, the numbers are increasing over the years which shows the success of the program in general. It is a scheme that has certainly attracted foreign investors and hopefully should continue to do so in years to come.
Stanley Hermosillo is the author of this article for Eb5 Center. He recommends the Eb5 Center for all green card visa, Immigrant Investor Visa, and EB5 Visa Program related issues and affairs.
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