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Starting a business can qualify investors for a special visa

On Behalf of | Oct 16, 2023 | Immigration Law

There are multiple ways for people to qualify for visas to lawfully enter and live in the United States of America. Some visas require that professionals obtain domestic job offers. Others are available to those enrolled at institutions of higher education.

Many of these visa programs are very competitive, meaning that workers may need to apply multiple times before they are successful. Most employment-based programs have a limit to the number of visas awarded each year, and some of them rely on a lottery system. Those looking to enter the United States without obtaining a job might need to consider alternative options. For example, people with adequate personal resources can potentially obtain visas by investing their resources in the United States economy.

EB-5 visas help those with capital to invest

Those who have inherited wealth from their families or acquired wealth through business success can turn that capital into an immigration opportunity. The United States Citizenship and Immigration Services (USCIS) grants several kinds of visas to those making certain kinds of investments or engaging in business activity in the United States.

EB-5 visas every year that allow people to live in the United States after making an investment. There are certain requirements for those applying for EB-5 visas. Like anyone else, they will need to meet certain medical standards. They will also need to be able to pass a relatively thorough background check process. There are also requirements regarding the number of jobs that their investment generates and the total capital they intend to invest.

In general, someone applying for an EB-5 visa will need to invest at least $1,050,000 and create at least 10 new full-time jobs. However, those investing in certain areas may qualify for special consideration that allows them to obtain a visa with less of an investment. Those who open businesses in targeted employment areas could secure EB-5 visas with an investment of $800,000.

Business opportunities including startups and franchises can qualify someone for an EB-5 visa. Learning more about different visa programs can help people choose the best option for lawfully entering the United States.