What is EB-5?
The EB-5 Immigrant Investor Program is a United States government program that encourages new investments in job creation projects. Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.
In 1992, Congress created the Immigrant Investor Program, also known as the Regional Center Program, which sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centers approved by the United States Citizenship and Immigration Services (USCIS) based on proposals for promoting economic growth.
The current investment amount as announced on March 15, 2022 is either $800,000 or $1,050,000 depending on the targeted employment area.
Who can apply under a single petition?
Through the EB-5 program, foreign investors and their immediate family members (spouses and unmarried children under the age of 21) have the opportunity to obtain resident status (i.e. a green card) by investing in a qualifying EB-5 project that creates at least 10 full-time jobs.
- Investment of $800,000 in the Nexo EB-5 project.
- Investment capital must be from a legal source acquired directly or indirectly through lawful means
- The investment must be “at risk”
The Application Process
After approval of the initial application (I-526 Petition), the applicant, their spouse, and unmarried children under the age of 21.
Consult with your attorney on estimated timeline.
Speak with a representative about the Nexo EB-5 project.
Prepare I-526 form with your attorney and submit to USCIS (Estimated 4-8 weeks)
- Hire an Immigration Attorney to prepare their Immigration Petition (I-526)
- Review of legal source of funds by your attorney
- Payment of investment and fees.
If Applicant is Outside the US
- Consulate Processing
- Consulate Interview
If Applicant is Inside the US
- Proceed with adjustment of status, including work authorization and travel permit
Receive approval on I-526 Form from USCIS
Receive permanent Resident Green Card
File I-829 form within 2 years of receiving your permanent resident status
Return of at-risk investment capital