The EB-5 Employment-Based Immigration Fifth Preference or more commonly referred to as the EB-5 Immigrant Investor Program was established under the Immigration Act of 1990 and provides an expeditious path to permanent residency and citizenship for foreign investors. The purpose of the Program is to encourage foreign investment into the United States economy by giving foreign entrepreneurs who invest in a new U.S. Commercial enterprise the opportunity to permanently live, study and work in the United States. Each year, the EB-5 category sets aside a total of 10,000 visas for qualifying foreign nationals. Many immigrants seek to obtain U.S. residency through the EB-5 Immigrant Investor Program as it is faster than many other visa options and has no language or educational requirements.
The EB-5 Program requires an investment of USD $1,000,000.00 (or USD $500,000.00 in a Targeted Employment Area) in a new commercial enterprise that will employ at least ten full-time U.S. persons. The United States Citizenship and Immigration Services (USCIS) administers the EB-5 Program and under it, any foreign entrepreneur and their spouse and all unmarried children under the age of 21, are eligible to apply for a Green Card (Permanent Residence)