EB-5 IMMIGRANT INVESTOR PROGRAM: INTRODUCTION
EB-5 Visa Overview: The EB-5 visa is the fifth category in the employment-based immigration system, aimed at foreign investors and their immediate family members, including spouses and unmarried children under 21. To be eligible for this visa, individuals must meet two primary requirements: (1) make a specified capital investment in a U.S. commercial enterprise, and (2) plan to create or preserve at least 10 permanent full-time jobs for qualified U.S. workers. The EB-5 immigrant investor program provides a route to a Green Card, which grants lawful permanent residence to immigrants who invest in a new U.S. commercial enterprise and create at least 10 full-time jobs for U.S. citizens.
Administration and Regional Center Designation: The U.S. Citizenship and Immigration Services (USCIS) oversees the immigrant investor program. USCIS designates EB-5 regional centers as essential components of the program. Entities that wish to be recognized as a regional center must file Form I-956, the Application for Regional Center Designation. According to USCIS, an EB-5 regional center is defined as "an economic unit, whether public or private, located in the United States, involved in activities that stimulate economic growth.