The quickly growing EB-5 investor visa program that grants the green card to the foreign investors is becoming very popular among the Chinese, who wanted to get citizenship in the United States.
The EB-5 program sets the path to get permanent residence in the United States to those foreign investors who invest at least 1 Million USD into a project in the USA. A foreigner investing $500,000 or $1 million in to the project in US creating at least ten jobs, the foreigner will get a green card and can bring that person spouse and unmarried children under the age of 21 years.
EB-5 rises to popularity since 2008, during the US economic downturn, which made the bank loans were impossible for so many entrepreneurs, businesses, and projects, making them turned to the foreign investors.
With the EB-5 program, foreigners will get a quick and guaranteed way to settle permanently and apply for citizenship in the United States. Unlike the other visas such as tourist visa and student visa that allows people to stay temporarily in the US.
The EB-5 program is especially very popular among Chinese wealthy investor citizens, who prefer the idea to live in US or residency. In the last year 2014 alone about 85% of the total 10,000 EB-5 investor visas went to the citizens from China.
Foreign investors are required to contribute about $500,000 if the invested project helps the development of rural or highly unemployment area deemed by the state. Otherwise, investment of $1 million must be committed.
Most of the investment projects find a way to the targeted employment area, making the investors non preferable to pay $1 million.
Across the United States, the vast majority of EB-5 visa seekers invest through the regional center, organizations are created to pool investments and provide a capital to the projects in targeted employment area.