All About Eb-5 Visa Qualifying Requirements

EB-5 means employment based immigration fifth preference

. It is mainly a visa program for those immigrant investors who want to make an investment in the United States. Created during the year 1990, under the Immigration Program Act, it provides the aspirants with the much prized Permanent Residence or Green Card of the involved country.

But if your child is above the age of 21, he or she will need his own visa. One can bring his or her spouse along to the US. This specific program has attracted a large number of investors to the shores of the nation looking for a decent investment program. It shows that there is a keen interest from every corner of the globe.

EB-5 allows 10000 visas per year. It is a process of increasing employment and foreign investment in the US and boosting the economic growth of the country.

The documents required for EB-5visa are as under:

Minimum personal net worth of at least 1 million US dollars

Investment of at least $ 500,000

Maximum limit to the investment is $ 100,000

Your investment must provide at least 10 full time jobs within a reasonable time period.

As some countries, including North Korea, are excluded from the program, if you belong to any of such nations, you are not eligible to apply.

No criminal record within previous 20 years of application

Information about your personal financial exchanges

Information about legal source of investment

Academic certificates (Not necessary)

Documents showing Last five years tax returns

Business license, if applicable

Copy of regional centre approval letter /p>

Any communicable disease or mental disorder can be the reason of denial of your application

The documentation requirement may vary from situation to situation as they are still changing and going through amendments. But some specific ones are compulsory for all the visa applicants under the EB-5 Program. Any family relations or connections are not required.

People who seem to be threat to the peace and property of the US are not eligible under this program, much like the people who may have participated in any kind of genocide or who are practicing polygamies. The required procedure is followed for the verification of the documents.

by: abhinav

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