In 1990, Congress created the EB-5 Program to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a program initially enacted as a pilot in 1992, and regularly reauthorized since then, investors may also qualify for EB-5 classification by investing through regional centers designated by USCIS based on proposals for promoting economic growth. On May 5, 2017, the President signed Public Law 115-31 extending the regional center program through Sept. 30, 2017
This program is known as EB-5 for the name of the employment-based fifth preference visa that participants receive. USCIS administers the EB-5 Program. Under this program, entrepreneurs (and their spouses and unmarried children under 21) are eligible to apply for a green card (permanent residence) if they make the necessary investment in a commercial enterprise in the United States, and plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.
This program, taught by NYC Immigration attorney Neil Weinrib, will introduce an overview of the EB-5 program, including the legal requirements and examples of qualifying projects, and assess the mutual benefits and obligations that the program offers the U.S. economy as well as potential investors.
very interesting course