Visa Business Plan - The History of the EB-5 Visa
Visa business plan proposals are something that any potential foreign investor has to consider at some point. But, before you launch into forming your ideas, it’s good to understand the history of the American EB-5 system and why it exists. This allows you to build your plans on solid, well-informed foundations.
The EB-5, a visa for immigrant investors, arrived with the creation of the Immigration Act of 1990 as a method for foreign nationals to gain a ‘green card’ (US citizenship) through investment in American business. Under the first program, the business had to be a brand new commercial endeavor with direct investment; but now investments can be made in so-called ‘Troubled Businesses’ or into job-creating, third-party managed regional centers. If approved, the conditional residency lasts two years. In the 90 days before the end of those two years, documented evidence must be submitted by the investor to prove that at least 10 full-time jobs have been maintained, created or will be created within a reasonable timescale. This documentation is important as it allows you to keep your green card. The EB-5 program has seen sweeping changes since its introduction over 25 years ago. As recently as 2011, the United States Citizenship and Immigration Services (USCIS) pushed through changes to encourage more foreign investors with great success. By the end of 2011, 3,800 EB5 applications had been made – a big jump in the 800 or so applications that were received in 2007. In 2014, the program reached capacity for the first time – meaning that competition has never been tougher for foreign investors. In order to ensure success, you need an immigration business plan that will work – and expert EB5 business plan writers to help.
At Immigration Business Plan, we are the go-to experts for visa business plan proposals. We have helped hundreds of businesses achieve EB5 success. Don’t delay and miss out on our highly-valued services, contact us today on +1 (646) 612 7572. Or, if you want to find out more, visit us at https://www.immigrationbusinessplan.com/ or email us via [email protected]