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Eb-5 Rules And Regulations This August

Eb-5 Rules And Regulations This August

For those foreign Immigrants who plan to invest and settle in the United States of America, the EB-5 visa program is certainly the best way to go. A single visa application entitles you to green cards for your spouse and children, those below twenty one years of age, sons or daughters. Also, it gives one the freedom to reside anywhere in the US, not necessarily where your EB-5 investment is. With this program, you also have the grand privilege to freely venture into any number of businesses, on top of paying same rates as in-state residents for college education. The program puts no restrictions regarding the immigrant’s age, level of education, years of experience in business or language. However, all these benefits are certainly subject to certain terms and conditions. The latest four rules and regulations in EB-5 visa program this August include:

1. This visa program is only available to those US immigrants who aim to invest at least half a million dollars in a Targeted Employment Area that will create at least ten full-time jobs, thus benefitting the U.S. economy. Outside the Targeted Employment Area, the threshold is one million US dollars. Targeted Employment Area here refers to a rural area or an area that has experienced high unemployment of at least 150 percent of the national average. This is meant to encourage investors to set up their trade in these low employment areas.

2. This investment that you intend to make must benefit the U.S market. This simply means the services or goods you offer should be to the US markets and not foreign markets.

3. The investment must employ on full time basis a minimum of ten U.S. workers. In this category are U.S. citizens, Green Card holders (those that have lawfully gained permanent residence) and any other individual with legal rights to work in the United States. The minimum ten does not include you, your spouse or even your children.

4. The immigrant must be involved in the day-to-day management of the new business. This does not necessarily mean your daily physical presence is required. Management can be in form of formulating business policy, say as a corporate officer or as a member in the board of directors. Other visas require the immigrants to manage daily business operations and the employees.

Abiding by these EB-5 rules and regulations this August entitles you to a permanent green card, obtained through a simple three step process. First of all, you should register and review the investment offering materials. Second, make capital investment and file petition 1-526. Then, lastly file 1-829 petition. Once all the requirements have been approved by USCIS, you have your permanent green card, with no travel restrictions in and out of your country.

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It’s not a matter of if, it’s a matter of when. Legal problems come to everyone. Whether it’s your son who gets in a car wreck, your uncle who loses his job and needs to file for bankruptcy, your sister’s brother who’s getting divorced, or a grandparent that passes away without a will -all of us have legal issues and questions that arise. So when you have a law question, call Ascent Law for your free consultation (801) 676-5506. We want to help you!

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506
Ascent Law LLC

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About the Author

People who want a lot of Bull go to a Butcher. People who want results navigating a complex legal field go to a Lawyer that they can trust. That’s where I come in. I am Michael Anderson, an Attorney in the Salt Lake area focusing on the needs of the Average Joe wanting a better life for him and his family. I’m the Lawyer you can trust. I grew up in Utah and love it here. I am a Father to three, a Husband to one, and an Entrepreneur. I understand the feelings of joy each of those roles bring, and I understand the feeling of disappointment, fear, and regret when things go wrong. I attended the University of Utah where I received a B.A. degree in 2010 and a J.D. in 2014. I have focused my practice in Wills, Trusts, Real Estate, and Business Law. I love the thrill of helping clients secure their future, leaving a real legacy to their children. Unfortunately when problems arise with families. I also practice Family Law, with a focus on keeping relationships between the soon to be Ex’s civil for the benefit of their children and allowing both to walk away quickly with their heads held high. Before you worry too much about losing everything that you have worked for, before you permit yourself to be bullied by your soon to be ex, before you shed one more tear in silence, call me. I’m the Lawyer you can trust.