The American EB-5 investor visa program may change in June 2021. The new administration bill proposes a radical change for America’s most popular visa.
First of all, Chuck Grassley and Patrick Leahy, the authors of the document, offer to extend the program until 2024, increase transparency, and reduce the processing time of applications.
What is EB-5?
EB-5 is an American investor visa. It gives the opportunity to legally open and run your business in the United States, get a green card, and then the citizenship of the United States for yourself, your spouse, and your children.
To participate in the program, an investor must devote money to one of the projects in the US regional centers.
$900,000 — if the project is located in a rural area
$1,800,000 — if the project is situated in a developed region.
At the same time, the investment must be risky — it means that it cannot guarantee a total return of all invested funds and cannot be insured.
The investor’s project must also create at least ten jobs for US citizens. These jobs must be maintained for at least two years.
If you are interested in immigration to the United States, then this program is one of the most profitable variants. Read more about its pros and cons, as well as the steps you need to take to get a visa and move to the United States, on https://migronis.com/en/visa-eb-5-usa.
EB-5 visa: what they will change
The reducing the processing time of applications. The long processing time for EB-5 visa applications has always been one of the most significant difficulties. The document proposes to eliminate the time for making a favorable decision significantly.
The investor integrity increase. Regional centers will be required to submit annual reports that confirm the center’s compliance with all the rules. These reports must be available to investors who request them within up to 30 days later.
Investor protection. If an investor falls victim to fraud while trying to obtain an EB-5 visa, he/she will retain immigration benefits. The conditional green card status of investors who have contributed to a regional center, a new commercial enterprise, or an employment creation will also remain in force.
More time for providing employment. EB-5 participants now have two years to create ten jobs to obtain permanent residence in the United States. The administrative bill suggests increasing this period to three years.
It is one more problem that the EB-5 program and immigration to the United States were worried about.
The future of EB-5
The new law could raise the EB-5 visa to a higher level than ever. This program has already earned billions of dollars for the US economy, but such growth would not have been possible without investors choosing the EB-5 program. The new law will ensure that program participants can feel confident in trusting their money to the regional center and make the EB-5 program more attractive to investors worldwide.
Find out more information about the EB-5 visa, its registration, and all the benefits by the link: https://migronis.com/en/visa-eb-5-usa
Simultaneously, the EB-5 investor visa is still one of the most popular for starting a business in the United States. It is pretty simple to issue it. Moreover, American law allows you to agree with specialists who will collect all the necessary documents, fill out all the questionnaires and accompany the process of obtaining a visa from the beginning to a successful finish. The experts of the international company Migronis offer the preparation of the documents in just 5-25 days and pay only upon successful visa receiving.