The EB-5 visa program, which secured billions of investment dollars and created thousands of jobs since its 1993 creation, was approved by the Senate last Thursday. It goes to the House for consideration after Labor Day.
Through the program foreign investors get green cards if they invest in a US business,
including commercial real estate developments which creates at least 10
(direct or indirect) local jobs.
The extension of the program directly impacts the projects started by The Georgia Center for Foreign Investment and Development. According to their web site:
Qualifying investors and their spouse and minor children (under 21) will be granted US Lawful Permanent Residency.
EB5 investor Visa is suitable for people from all walks of life: professionals, business people, persons wanting to facilitate their children's education and attend US colleges and Universities, persons just seeking a new or better life in the United States, and persons wanting to retire in the United States. The EB-5 visa permits employment in the US for the Investor and their family. Quite simply, the EB-5 visa gives you the opportunity and flexibility to do what you want in the USA.
After five years, the investor and their family may obtain US citizenship, subject to meeting all immigration requirements, as required under law.
The program expires on September 30th if the House does not approve it.
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