The EB–5 Regional Center Investment Program is an added component to the United States EB-5 program that was created by Congress in 1990 to offer foreign nationals a pathway to obtain a United States Visa (permanent or green card) for themselves and qualified family members.
A Regional Center is a private or public entity approved by the U.S. Citizenship & Immigration Services (USCIS) to enlist multiple immigrant investors and to pool and manage their investments through designated projects within a geographical area.
The U.S. Immigrant Investor Program is called EB5 which is an acronym for: Employment Based 5th Preference, as defined in the Immigration and Nationality Act Section 203(b).
Success for immigrant investors in the program results in a permanent U.S. Visa for themselves and qualified family members under the age of 21.
The EB-5 Visa Program offers a path to citizenship for foreign investors and their families. With over ten thousand green cards set aside each year, this arrangement provides green cards in exchange for investing $500,000 in a project located in a targeted employment area. With each investment, the community benefits with the creation of at least 10 new jobs, and the investor gains the privilege of permanent residency and the freedom to pursue other ventures without having to manage their investment.
To participate in the EB-5 Program, investors must file I-526 petition with the USCIS. After I-526 approval, investors will file a separate I-829 petition to receive permanent residency.
Filing the I-526 petition is the first step in the EB-5 Program application process. USCIS requires all investors to produce the following:
To fulfill the above requirements, investors must coordinate with an immigration attorney.
Upon approval of the I-526 petition, the investor and all family members listed on the petition will receive a conditional green card that lasts for two years. Within 90 days of the conditional green card’s expiration, investors and their attorneys must file the I-829 petition to demonstrate the following:
Upon USCIS approval of the I-829 petition, investors and their family members will receive permanent U.S. green cards.