This program is known as EB-5 for the name of the employment-based fifth preference visa that participants receive.
Under the EB-5 visa program, entrepreneurs (and their spouses and unmarried children under 21) are eligible to apply for a green card (permanent residence) if they: (1) make the necessary investment in a commercial enterprise in the United States; and (2) plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.
Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. In 1992, Congress created the Immigrant Investor Program, also known as the Regional Center Program. This sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centers approved by USCIS based on proposals for promoting economic growth.
Norris McLaughlin is a leading EB-5 Immigrant Investor Visa law firm. Since the EB-5 program’s inception, Norris McLaughlin has acted for investors, regional centers, and others involved in the EB-5 program.