Here are the three (3) basic requirements for applying for the EB5 Visa:
1. The applicant must be an investor of a new business or enterprise;
2. The applicant’s investment should be at least $1 million, or in certain cases at least a minimum of $500,000;
3. The investment or business must create or preserve 10 full-time jobs for U.S citizens.
Commonly, most of the EB5 regional center investments amount to $500,000 while the direct EB-5 investments require a $1,000,000 investment. For interested applicants, the country has numerous kinds of investment opportunities that can qualify them for the $500,000 investment mark.
Requirements for Job Creation
As previously mentioned, every EB-5 Visa applicant is required to provide at least 10 full-time jobs for U.S citizens. For applicants under the Direct Investment route, they are obliged to create and maintain at least 10 full-time work for U.S citizens until they get their permanent Green Card.
However, for applicants under the Regional Center Investment, the investor only has to provide proof of the 10 full time work that were created through their $500,000 investment, but the burden of providing the actual job lies with the Regional Center and developer. In this kind of framework, the Regional Center and developers will provide the applicant with all the necessary documentation during the filing of the I-829 Removal of Conditions Application.
It is mandatory for all EB-5 applicants to provide or preserve at least 10 full-time jobs. When an investor doesn’t actually invest into a new business, a preserve piece comes in since they may be investing in an already existing business.
Applicants who invests in existing businesses can only apply for an EB-5 Visa if the company is recognized as a “troubled business”, an existing business that’s in danger of closing or has experienced great losses over the past years and has high possibilities of having mass layoff. If the applicant’s investment can be considered as a way of rescuing this troubled business, then they may apply for the EB-5 Visa.