EB5 Visa - There Are Many Benefits
Go to: Previous Article Next Article
To obtain an EB5 visa you must be willing and able to invest a minimum of $500,000 into the American economy. The stipulation being it must be sunk into an area of the country that is economically depressed. There is a limit of 3,000 made available every year.
This is a very distinctive category, that was specifically designed to encourage foreign investment in America, thereby creating jobs for Americans. It was first created and passed through congress in 1990. However, it is currently slated to be available until 2012 but, may be discontinued after that.
An important term to understand regarding the EB5 is the Regional Center. These are areas of the country that the U. S. Government deems especially depressed and are targeted for investment. These are the only areas available for these types of petitions. There are many throughout the country, however, they are usually in financially disadvantaged areas.
There are lots of benefits attached to the EB5. Some examples are; you do not need to meet any educational requirements. If you do not speak English, you are not required to before applying. You do not need a sponsor for this petition.
If you have the funds necessary to meet the minimum and those funds were obtained legally, then you are permitted to submit a petition for an EB5. In fact, you do not need to have any business experience to qualify. This particular petition even permits you to pursue other professional avenues.
Before applying for an EB5 visa you must already be in the process of buying real estate or another business in the U. S. What you invest in will make a difference too. The property must be of benefit to the country, by providing a needed service or product. As well, you must create at least 10 jobs for Americans.
Article Source: Articlelogy.com
- Credit Cards A big selection of Cards in all flavors: Bad Credit Cards, Secured Cards, Prepaid Cards, Canada Cards, Low Interest Cards -
Word Count: 310
Reduce Your Debts Without Bankruptcy. See How Much You Can Save. Free Debt Analysis
