Eb5 is an Immigrant Visa program that was created to boost the US economy in 1992 and by far each year US Congress has extended the program. Foreign investor may purchase a business that has lost capital and through expenditure of capital and employment of effective management rescue the failing business.
Investor of the failing business must maintain the number of employees and avoid layoffs to qualify for approval of his visa. If the foreign investor decides to create a new enterprise, he must hire at least 10 qualified employees for duration of 2 years and pay a market rate salary to each employee who would work at least 35 hours per week.
Qualified employees are US citizens, Green Card Holders, Refugees, Asylees and Pending Applicants in withholding of removal procedures who have work authorizations. Those eligible to work in the US based on a non-immigrant visa are not qualified.
The amount of investment depends on the location of the enterprise. Regular US zip-codes require 1 million dollar. Zip-codes with high rate of unemployment would allow $500,000 instead. This amount would offer Green Card to applicant, his spouse and all of his children who are under 21 years old.
Eb5 direct investment is a great way to procure a Green Card. It would also allow the investment to be in control of the investor. For more information on your eligibility and to find out how Kennedy Law Offices could help you in receiving your Immigrant Visa, Contact our office Via email, phone or Imo Application during California Business Hours.
This is an immigration blog. It is not intended to be used as legal advise. For further information please contact the law offices of attorney Ramona Kennedy.
Ramona Kennedy (Attorney) received her Jurisprudence Doctorate in America and is a licensed attorney in California (USA). Ramona Kennedy is a member of American Immigration Lawyers Association (AILA). Ramona Kennedy is fluent in English and Farsi (reading & writing) & speaks Azeri Turkish.
Phones: 13106230080 & 19496770063
Imo: 13106230080 & 19496770063
Los Angeles (Westwood) Location
10880 Wilshire Blvd, Suite 1101 Los Angeles CA 90024
Orange County Locations:
-7700 Irvine Center Dr. Suite 800, Irvine, CA 92618
-5000 Birch St, Suite 3000 Newport Beach CA 92660