How much is the investment requirement for an EB-5 visa?
International investors seeking commercial opportunities in Florida must commit at least $900,000 toward a new business when applying for an EB-5 visa. Effective November 21, 2019, the minimum investment amount increased from its prior amount of $500,000.
Every five years, the capital requirement may increase to adjust with inflation. You may need to add to your initial investment to maintain the minimum amount required. Allowable capital contributions may include equipment, machinery and inventory that helps grow the company.
Where must the investor locate the business?
As reported by NBC News, creating new jobs through a business located in rural or targeted employment areas is a requirement for investors seeking permanent citizenship status. Several neighborhoods across Florida qualify as a targeted area. For an area to qualify, the local unemployment rate must be higher than the national average by at least 150%. You may choose any location that the Department of Homeland Security certified as a targeted employment area for your commercial enterprise.
How many jobs must the investment create?
When starting or growing a business in the Sunshine State as a means for earning permanent U.S. citizenship, your new company must produce at least 10 full-time jobs. Generally, employees may work directly or indirectly for your new company as long as the establishment conducts its business while situated in an approved regional zone.
When can I apply for citizenship?
The EB-5 visa program provides nearly 10,000 investors with a green card each year. If you plan to invest $500,000 and $1 million into growing a business over the course of several years, you may work toward establishing lawful residency. It generally may take about five years from receiving your green card to apply for U.S. citizenship.
About Bassey Immigration Law Center, P.A.
Bassey Immigration Law Center, P.A., led by attorney Aniefiok Bassey, provides comprehensive immigration services to individuals, families, and businesses in Florida and beyond. With over 20 years of experience, the firm assists clients with a wide range of immigration matters, from family reunification and green cards to business visas and deportation defense. The diverse, multilingual team is dedicated to supporting clients through the complex immigration process, with a special focus on citizenship, asylum, and LGBTQ+ immigration needs. They offer affordable initial consultations and are committed to delivering personalized, strategic guidance for achieving clients’ immigration goals.
