What was EB-5 regional center program?
By way of background, the Immigrant Investor Regional Center Pilot Program program was created by Congress in 1993. The pilot program established EB-5 regional centers designated by the United States Citizenship and Immigration Services to increase foreign investment and job creation.
How do I become an EB-5 regional center?
How to Apply for EB-5 Regional Center Status
- Step 1: Define the Scope of the Regional Center.
- Step 2: Hire the Right EB-5 Regional Center Application Team.
- Step 3: Complete and File Your I-924 Form and Supporting Application Documents to Set Up a New EB-5 Regional Center.
How long does the EB-5 process take?
The average processing time for the EB-5 visa is six months, and the initial application and petition are usually approved within 60 days from the date of filing. You will, however, have to also wait for the United States Citizenship and Immigration Services (“USCIS”) and Department of State to schedule an interview.
How much does an EB-5 visa cost?
If an EB-5 project is in a Targeted Employment Area (“TEA”) the qualifying investment amount is currently $500,000….EB-5 Visa Cost & Requirements.
| EB-5 Visa Typical Costs | Paid to | Amount* |
|---|---|---|
| Admin Fees | Investment Issuer (Regional Center) | $50,000 – $65,000 |
What is the meaning of regional center?
A “regional center” is defined as follows: Regional center means any economic unit, public or private, which is involved with the promotion of economic growth, including increased export sales, improved regional productivity, job creation, and increased domestic capital investment.
Can I get a green card by buying a house?
No. You can’t get a green card simply by buying a house in the U.S. In fact, owning real estate doesn’t ordinarily give you any visa or other immigration benefits. Through the EB-5 program, you and your immediate family could qualify for green cards through an investment of at least $500,000.
Is EB-5 still available?
Under the vacated rule published by the U.S. Department of Homeland Security, several changes to the EB-5 Immigrant Investor Program that went into effect Nov. 21, 2019 are no longer in effect.