A key element of business in the 21st century is to diversify. This is why every year, businessmen and women worldwide look for business prospects in other countries, such as the US, where many investment opportunities may be found.
The Investment-Friendly Visa
The US’ EB-5 visa was established for just this situation. Foreign nationals willing to finance existing projects within the US, especially in areas of great need, or start businesses of their own can come into the country with lesser requirements as compared to other migrants. Generally, a minimum investment of one million dollars is needed for this visa, although special investments may only require five hundred thousand dollars. The business venture must also be able to employ at least ten full-time US workers.
An Additional Perk
This EB-5 visa is also family friendly, allowing the spouse and children under 21 years of age to enter. This further promotes long-term investment as family is close at hand. It becomes a win-win situation for both the financier and the community where the business will be located.
Paperwork to Consider
Despite the fewer immigration restrictions to hurdle, many are not able to take that next step due to legal impediments as they process their papers. The United States Citizenship and Immigration Services (USCIS) is very meticulous in confirming the existence of such projects and ensuring that the other requirements have been met before eventually issuing a Green Card to the investor.
Avoiding the Legal Pitfalls
Proper documentation of the source of funds, issues on the location of the business, and even petitions for continuing the investor’s legal status to work and travel while the case is pending are concerns to consider. An experienced lawyer or legal team is necessary to ensure that delays, interruptions, or even cancellations do not occur.
According to Oppenhuizen Law Firm, PLC, the EB-5 visa is important to foreign investment in the US. It allows diversification of wealth while creating more opportunities for all involved.