WHAT IS EB-5?
To stimulate the U.S. economy and job creation, U.S. Congress created the employment-based fifth preference Program (also known as “EB-5”) in 1990. The investment by eligible immigrant investors provides a method for them to become U.S lawful permanent residents.
KEY POINTS OF EB-5
- Invest $500.000 in a targeted employment area (TEA). The minimum investment in a TEA increases to $900,000 on Nov. 21, 2019
- Create at least 10 full-time jobs for qualifying U.S. workers.
- No foreign languages and educational qualification requirement.
- Investors are foreign nationals, their spouses and unmarried children under the age of 21.
- USCIS allocates 10,000 EB-5 visas per year for immigrant investors. The annual quota for Vietnam is 700 visas.
BENEFIT OF EB-5 PROGRAM
- Foreign investors (their spouses and unmarried children under the age of 21) obtain green cards to become U.S. lawful permanent residents.
- After 05 years, they get naturalization to be U.S. citizens.
Benefits of a Green Card holder and a U.S. citizen:
- Live and work anywhere in the U.S.
- Enjoy U.S. social benefits and advanced healthcare services in the world.
- U.S. citizens are visa-free from more than 160 countries over the world.
- Children enjoy educational support policies of the U.S. Government and access to the world’s most advanced education.