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Must New York EB-5 visa applicants make a minimum investment?

On Behalf of | Aug 9, 2021 | Immigration |

The EB-5 visa provides an opportunity for immigrant investors to become lawful permanent residents in the United States. The EB-5 Immigrant Investor Visa Program does come with rules and requirements applicants must follow, including minimum investment amounts to make.

Investing money through the EB-5 program

Ultimately, the purpose of the visa centers on stimulating the United States’ economy and providing job opportunities for people living here. Encouraging foreign investment through the visa program helps the cause.

The investment threshold for EB-5 visa applicants is steep: The minimum investment amount is $1 million, and the applicant must direct $500,000 in investment capital to a targeted employment area. Other rules exist under this program, so investors must follow those rules to carry the process through to legal permanent resident status.

Immigrants who apply for an EB-5 visa must either invest in a new commercial enterprise or procure one initially established before Nov. 29, 1990. Other rules exist for purchasing a business, including requirements to restructure or reorganize it. Laws are subject to revision and changes, so applicants must stay on top of current rules.

Adhering to the rules

Not following the rules and requirements for the EB-5 visa could lead to delays, appeals or even denials. Therefore, people interested in this immigration visa program and the subsequent benefits of legal permanent resident status must make sure all necessary paperwork establishes that the applicant did what is required.

Effective preparation could decrease the chances that the visa application runs into any trouble. An attorney may help individuals who are unsure how to submit the documents or who need help understanding other U.S. immigration law matters.