USCIS administers the Immigrant Investor Program, also known as “EB-5 Program,” created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a pilot immigration program first enacted in 1992 and regularly reauthorized since, certain EB-5 visas also are set aside for investors in EB-5 Regional Centers designated by USCIS based on proposals for promoting economic growth.
Job Creation Requirements:
- Create or preserve at least 10 full-time jobs for qualifying U.S. workers within two years (or under certain circumstances, within a reasonable time after the two-year period) of the immigrant investor’s admission to the United States as a Conditional Permanent Resident.
- Create or preserve either direct or indirect jobs:
- Direct jobs are actual identifiable jobs for qualified employees located within the commercial enterprise into which the EB-5 investor has directly invested his or her capital.
- Indirect jobs are those jobs shown to have been created collaterally or as a result of capital invested in a commercial enterprise affiliated with a regional center by an EB-5 investor. A foreign investor may only use the indirect job calculation if affiliated with a regional center such as Century New York City Regional Center (CNYCRC).
Capital Investment Requirements:
Capital means cash, equipment, inventory, other tangible property, cash equivalents and indebtedness secured by assets owned by the alien entrepreneur, provided that the alien entrepreneur is personally and primarily liable and that the assets of the new commercial enterprise upon which the petition is based are not used to secure any of the indebtedness.
Step 1: Contact our Investor Relations Department for EB-5 projects
Step 2: Retain immigration attorney and pay attorney’s fee (Average attorney’s fee: $15,000-$20,000)
Step 3: Complete required paperwork and sign contract
Step 4: Document source of fund
Step 5: Wire transfer fund as instructed: $500,000 principal investment amount to project’s escrow account plus $50,000 administrative fee to Century Regional Center’s administrative account
Step 6: File your I-526 application
*Estimated total fee for an I-526 petition: $570,000 (approximate), including $500,000 principle, $50,000 administrative fee, $15,000-20,000 attorney’s fee, and other minor fees