Archive for July, 2011

What are the job creation requirements for the EB-5 visa?

In addition to the monetary investment, an EB-5 applicant will need to create or preserve at least 10 full-time jobs for qualifying U.S. workers within two years (or under certain circumstances, within a reasonable time after the two-year period) of the immigrant investor’s admission to the United States as a Conditional Permanent Resident.

The qualified employees do not include the immigrant investor; spouse, or children of the applicant; or any foreign national in any nonimmigrant status (such as an H-1B visa holder) or who a person who is not authorized to work in the United States.

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I am a foreign national. I would like to invest in the US. What kind I do?

A foreign national, who is not otherwise ineligible to enter the United States, can apply for an EB-5 a/k/a “investor’s visa.”

If the investment is in a Targeted Employment Area (i.e. a rural area or an area experiencing unemployment of at least 150 percent of the national average rate) then the investment can be as low as USD$500,000. Otherwise, a $1 million investment

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What is a visa? What are the different kinds of visas?

A visa is simply a written permission to enter a country.

There are two main types of visas:

immigrant visas — for people who wish to reside in the country on a permanent basis.

non-immigrant visas — for people who wish to come in to the country temporarily.

Having a U.S. visa allows you to travel to a port of entry, airport or land border crossing, and request permission of the Department of Homeland Security (DHS), Customs and Border Protection (CBP) inspector to enter the U.S.

While having a visa does not guarantee entry to the U.S., it does indicate a consular officer at a U.S. Embassy or Consulate abroad has determined you are eligible to seek entry for that specific purpose.

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