How much money do I need to invest for an EB-5 visa (Green Card)?
Obtaining an EB-5 visa, also known as an investor Green Card, is a great way to secure permanent residence in the United States for you and your family. However, one of the most important aspects to consider is the investment required to qualify for this visa.
Before we dive into the financial details, it’s important to understand the basics of the EB-5 visa. This visa category was created by the United States Congress in 1990 to stimulate the US economy through the investment of foreign capital.
The EB-5 visa allows foreign investors to obtain a Green Card by investing in a new commercial business that creates employment in the United States. But, what are the minimum investment amounts?
Minimum investment amount
The minimum investment amount required to obtain an EB-5 visa has been established by the United States Immigration and Nationality Act. Until the knowledge cut-off date in September 2022, the minimum investment amount was $800,000 for specific employment areas (TEAs) and $1 million for non-TEA areas.
Specific Employment Areas (TEAs)
Specific employment areas are designated regions that have high unemployment rates or are located in rural areas. Investing in projects within these areas qualifies for the lower minimum investment amount of $1 million. These areas can be determined by factors such as unemployment, population, and geographic location.
Non-TEA areas refer to those located outside of the regions designated as specific employment areas. To qualify for an EB-5 visa by investing in a non-TEA area, a minimum investment amount of $1 million is required. The choice between investing in a TEA or non-TEA area can have a significant impact on the amount of money you need to invest.
Regional Centers Program
In addition to direct investments in a new business, investors may also choose to participate in the EB-5 visa Regional Center Program. Regional centers are USCIS-designated entities that promote economic growth in specific areas. Investing through a regional center may allow investors to have additional benefits, such as consideration of the indirect employment created by the project.
In addition to the minimum required investment, it is important to consider other expenses associated with applying for an EB-5 visa. These may include filing fees, legal fees, translation costs, travel expenses, and other related expenses. It is essential to consider these expenses when calculating the total amount of investment needed.
Personalized financial planning
Since the required minimum investment is only the first step in the EB-5 visa application process, it is advisable to seek professional advice for personalized financial planning. A specialized immigration lawyer or financial advisor with experience in EB-5 visas can help you evaluate your options and determine the best investment strategy that suits your needs and resources.
In summary, obtaining an EB-5 visa can be a path to permanent residence in the United States, but it is essential to understand the associated financial and investment requirements. The minimum investment amount varies depending on whether you invest in specific employment areas or non-TEA areas.
In addition, you should take additional expenses into account and seek professional advice for proper financial planning. By properly understanding and preparing, you will be well on your way to taking advantage of the opportunities that the EB-5 visa offers.
Remember that details and requirements may change over time, so it is important to check for the most up-to-date information before embarking on the EB-5 visa application process.
Investing in BAI Capital is investing in the United States
With a presence in the real estate sector in the states of Florida, Texas and New York, BAI Capital specializes in generating value from the acquisition of land to the development of mixed-use projects, such as residences for the elderly, student residences, multifamily buildings. for rentals and mixed use, including condos and retail.
Our mission is to safeguard the capital of the partners and the own capital under the minimum risk exposure. With a safe development and going through all the stages: Land purchase, adjustment of urban zoning, commercial vision in architectural development and management of building permits. Then, we take charge of the capitalization, construction and exit with return of the capital and profits to the partners.
In this way, we guarantee fixed and stable returns for your client portfolio. In addition to having a confidential work protocol with encrypted web forms. Use of protected personal data and private meetings with our agents throughout Latin America.