Congress created the EB-5 immigrant investor visa category in the Immigration Act of 1990 in the hopes of attracting foreign capital to the US and creating jobs for American workers in the process. There are 10,000 visas available in the category each year
First , . File form I-526 Petition and supporting documentation
Second , Once approved, petition is sent to US Embassy and interview is set- if approved, conditional permanent residence is issued valid for two (2) years.
Third , the immigrant investor applies for permanent resident status by submitting the USCIS Form I-829, Petition by Entrepreneur to Remove Conditions. When eligible, immigrant investors may apply for U.S. citizenship.
This program is ideal for the retiree or inactive investor due in large part to the “indirect employment creation” requirement and possible limited partner features of this program.
Under a Regional Center program, the investor can qualify by presenting evidence that 10 jobs will be created throughout the Regional Center economy, supported by an economist’s report obtained by the Regional Center.
In a nutshell, under a Regional Center, such as Georgia Center for Foreign Investment and Development, program, the investor can qualify by presenting evidence that 10 jobs will be created throughout the Regional Center economy, supported by an economist’s report obtained by the Regional Center.
Also, the EB-5 policy management requirement is minimal in that the investor can be only a limited partner. Thus, for those who are not interested in day-to-day management or running an active business, Regional Center programs, such as The Carnegie Hotel and The Hard Rock Hotels , offer a more acceptable form of investment for the inactive investor, than do most Regular program investments.
Another advantage of Regional Center programs that adds to the flexibility of this Green Card category is that the investor is not required to live in the place of investment; rather, he or she can live wherever he/she wishes in the United States. For example, the investor may invest in a Regional Center in the State of Tennessee , but choose to live in the State of Georgia.