Hello, friends! Unlike many other investment-based permanent residency programs, the EB5 Visa program has a unique requirement โ job creation. In addition to investments, to ensure you obtain your Green Card through EB5, the required number of jobs must be created.
Iโm Paresh Karia, CEO of Acquest Advisors, an immigration advisory firm specializing in business and investment-based immigration to the U.S, Canada, Europe, and the UK. Over the years, weโve assisted numerous families in migrating to these countries.
The EB5 Visa program offers foreign investors a pathway to permanent residency in the U.S. by simply investing in a qualifying project. You need to invest a minimum of $800,000 in a qualifying U.S. project that also creates a minimum of 10 jobs for American workers.
There are two types of EB5 projects: Direct Projects and Regional Center Projects.
Direct Projects are those where you invest directly in a business or project and also manage or run it yourself. In the case of Direct Projects, you need to create actual jobs where real people work on the project or business. For example, if you invest $5 million to set up a hotel and create 20 jobs where 20 people are actively working on the project, you meet the job creation requirement.
Regional Center Projects, on the other hand, involve investors pooling their money to invest in a project through a regional center. The main difference between the two lies in how job creation is calculated.
In Direct Projects, you need to create actual jobs where real people are directly employed by the project or business.
In Regional Center Projects, job creation is calculated differently. A Regional Center is an organization approved and regulated by the USCIS (U.S. Citizenship and Immigration Services). It manages EB5 projects in specific geographical areas. Regional Center Projects have the advantage of counting not only direct jobs but also indirect jobs.
Indirect jobs are incidental jobs that are created as a result of spending on the EB5 project. The Regional Center Projects benefit from both direct and indirect jobs. Indirect jobs are calculated using economic formulas, ensuring that jobs will be created as long as money is spent on the project. This significantly lowers the risk of not meeting the job creation requirement.
As a result, more than 90% of EB5 investors prefer to invest in Regional Center Projects. They offer a greater advantage in job creation due to their ability to count indirect jobs.
Investing in a Regional Center Project makes it easier to meet the job creation requirement, which is a critical factor in your EB5 journey. To learn how to select the right Regional Center Project for your investment, please stay tuned for our forthcoming video on the subject. Kindly subscribe to our YouTube channel to receive notifications of our new video uploads.
Watch our video to learn more about the job creation requirements in detail: