The EB5 visa allows successful business people, from other countries, to invest in the United States. A minimum of $500,000 must be capitalized in areas that are in need economic uplifting. There are only 3,000 of these particular types of petitions that are made available each year.
This is a very distinctive category, that was specifically designed to encourage foreign investment in America, thereby creating jobs for Americans. It was first created and passed through congress in 1990. However, it is currently slated to be available until 2012 but, may be discontinued after that.
The investment dollars that an EB5 holder injects into the economy must go to a financially defamed area entitled the Regional Center. This term was conceived by the government to describe, certain neighborhoods, that meet the criteria for economic need. The investment must be made in a Regional Center.
The EB5 has tremendous benefits afforded to it unlike other types of petitions. An example is the fact that it does not require any special types of degrees or certification. Also, if you do not speak English you are not required to do so before applying and you do not need a sponsor.
If you have the funds necessary to meet the minimum and those funds were obtained legally, then you are permitted to submit a petition for an EB5. In fact, you do not need to have any business experience to qualify. This particular petition even permits you to pursue other professional avenues.
Before applying for an EB5 visa you must already be in the process of buying real estate or another business in the U. S. What you invest in will make a difference too. The property must be of benefit to the country, by providing a needed service or product. As well, you must create at least 10 jobs for Americans.
If you take a look at the EB5 Visa right now, you will find that there are many benefits. Do you see all of those benefits?