Maryland Criminal & Immigration Lawyer Blog
The EB-5 immigrant visa program serves a very important purpose, granting legal status to investors and entrepreneurs whose contributions are vital to maintaining a healthy U.S. economy. The program imposes numerous and sometimes complicated requirements that demand the production of considerable evidence to secure a green card. Failure to meet all the various requirements may result in unnecessary delay or denial. A knowledgeable Maryland investor visa lawyer can help you ensure that your business plan is strong and that you have everything you need to secure your visa.
The program provides green cards to investors who infuse a set minimum amount into a job-creating commercial venture in the U.S. Today, that figure generally is $1 million. That number is only $500,000, however, if the commercial venture is placed in a targeted employment area (TEA.) The federal government defines “high unemployment” TEAs as areas where the unemployment rate is 1-1/2 times the national average or higher. Additionally, the program demands that the venture create at least 10 jobs. Those jobs don’t have to exist at the time of the investment but they must be created within 2 years.
In 2022, Congress passed the EB-5 Reform and Integrity Act of 2022 (RIA), which amended the statutory sections that govern the EB-5 program. One of those changes added new statutory language requiring that EB-5 investments “be expected to remain invested for at least two years.” A new guidance document from the USCIS addressed an important question created by this modified statutory language: what’s the start date for this 2-year requirement?