An EB-5 visa is a visa that is available to individuals who have a substantial amount of money to invest. By investing a certain amount of money into an economically depressed area, you may be able to obtain a visa. Read on to learn more about the program and the latest updates.
Who is Eligible for the EB-5 Program?
According to USCIS.gov, in order to be eligible for the program, EB-5 investors must invest in a new commercial enterprise that was established:
- After Nov. 29, 1990; or
- On or before Nov. 29, 1990, if it was:
- Purchased and the existing business is restructured or reorganized in such a way that a new commercial enterprise results
- Expanded through the investment, resulting in at least a 40% increase in the net worth or number of employees.
“Commercial enterprise” refers to any for-profit activity formed for the ongoing conduct of lawful business, including:
- A sole proprietorship
- Partnership
- Holding company
- Joint venture
- Corporation
- Business trust
- Other entity, which may be publicly or privately owned
Will the Program be Renewed?
The program has been beneficial to the U.S.- It has both helped stimulate the economy and create jobs. But, the program may come to an end. This is because it is no longer being automatically renewed by Congress. That being said, there is a good chance that the program will be renewed due to its positive impact.
If you have any questions or concerns about the EB-5 Program, reach out to our firm to speak with an experienced immigration attorney. We are here to advocate for you.
Contact our experienced Wisconsin firm
John Sesini is an experienced immigration attorney with offices in Green Bay and Milwaukee Wisconsin. Our firm understands what is at stake when it comes to immigration law matters, which is why If you have any questions, you should not hesitate to contact the Sesini Law Group, S.C. and schedule your initial consultation with our firm today.