EB-5 Immigrant Investor Program

The EB-5 Immigrant Investor Program or eb5 texas for Texas of the United States Citizenship and Immigration Service (USCIS) permits qualifying investors to get green cards for themselves and their dependent family members. Individuals must spend $1 million in a business enterprise that creates ten jobs to be eligible. Please visit the USCIS EB-5 website for more information on the program.

The EB-5 Program was established by Congress in 1990 to promote the American economy by allowing foreign investors to create jobs and invest cash in the United States. The Immigrant Investor Program, also known as the Regional Center Program, was established by Congress in 1992 to provide EB-5 visas to participants who invest in commercial companies linked with regional centers that have been approved by USCIS based on plans for economic growth. Mexican people looking for immigration in Texas do look here, abogado de inmigracion en houston texas

Targeted Employment Areas

If you invest in a Targeted Employment Area, the $1 million investment threshold is decreased to $500,000. (TEA). TEAs must have an unemployment rate 150 percent higher than the national unemployment rate in metropolitan areas. Local mayors in Texas have the authority to create TEAs. TEAs have been recognized in 9 census tracts throughout the city of Austin at this time.

TEA Designation Requests

USCIS enables groupings of contiguous census tracts to be recognized as TEAs if their combined unemployment rate surpasses 150 percent of the national average for investment projects that are not within one of the designated TEAs. The national annual average unemployment rate for 2018 according to the Bureau of Labor Statistics is 3.9 percent. As a result, TEAs must have an unemployment rate of at least 5.8%. For people who are looking to hire the best immigration attorney houston tx, do click here.

Stakeholders should email the Global Business Expansion Division with the statistics to back up their request, as well as any methodology used to estimate unemployment, to request the designation of a group of contiguous census tracts.

Family Members

The legal spouse and any unmarried children under the age of 21 may be admitted to the United States on a conditional basis for a duration of two years. After then, a petition (I-829) can be made to have the conditions on family member Green Cards removed.

Family members will be able to work and attend school in the United States as lawful permanent residents (Green Card holders) in their own right.

Conclusion

Your legal advice will assist you in determining whether you have the legal standing to invest in the EB-5 program. The Texas Growth Fund Regional Center can connect qualifying applicants with top-tier immigration attorneys in the United States for a free consultation and review of their EB-5 prospects.