H1B Visa Lawyer Blog
U.S. Citizenship and Immigration Services (USCIS) has provided the PowerPoint presentation and talking points from the October 19th engagement on the EB-5 program. EB-5 Immigrant Investor Program updates include discussions of the Integrity Act, staffing, digitally scanning, some filing tips, and more.
- PowerPoint Presentation – National Engagement EB-5 Stakeholder PowerPoint Presentation (PDF)
- Talking Points – EB-5 National Stakeholder Engagement (PDF)
Background:
In 1990, Congress created the EB-5 Program to help stimulate the U.S. economy through job creation and capital investment by approved immigrant investors. Under this program, entrepreneurs (and their spouses and unmarried children under 21) are eligible to apply for a green card (permanent residence) under specific conditions. Congress placed a 10,000 annual limit on the number of visas available for the EB-5 program. In 1992 Congress set aside 3,000 of the EB-5 visa total for the EB-5 Immigrant Investor Program, also known as the Regional Center Program. These set aside EB-5 visas are for participants who invest in commercial enterprises associated with regional centers which are approved by USCIS.
USCIS warns that potential investors should always do their own research and consult with a financial professional before making any investment decisions.