The EB-5 visa has slowly come about to become one of the most sought after visas with many immigrants planning to invest in the US economy and make it their permanent home. Being an investor program, it requires a candidate to invest and contribute to the US economy by creating more jobs for the local people.
The EB-5 program has been responsible for aiding the people of the United States with many employment opportunities with millions of dollars being poured into the US economy.
Despite the positive aspects of the program, there are certain misconceptions which tend to arise due to confusion. After all, it is never that everything could be found on paper. One of the major misconceptions of this program is that this visa is very difficult to obtain and once obtained, it is tedious to keep up with the terms and conditions.
The major part of this myth involves doubts pertaining to the background checks of the applicant’s finances. These background checks have become stringent, especially post 9/11. This aspect is not only confined to the EB-5 program but to all aspects of immigration to the United States.
When it comes to the EB-5 program, a thorough background check is done for the money that is to be invested. This is to ensure that this money has been acquired legally. At the same time, the source of these funds (as far as they are legal) does not form the most important criterion of the application process.
The other requirements of the program are not as difficult to meet as it is thought to be. The requirements are more or less similar to any other immigration program in the United States. However, there is one aspect which most applicants are worried about is the job creation part. As per the guidelines, an investor must create a minimum of ten new employment opportunities in a particular region. More so, the local Americans should fill in these vacancies.
It is agreed that the above is quite challenging. However, this could be made easier by designating his investment in a particular Regional Centre which is high on the unemployment rate. These Regional Centres would aid in the process of monitoring the investment as well as in ensuring that business turns out to be productive.
More so, the Regional Centre should be selected after a thorough research and the business plan should have been developed accordingly. The business should have had a successful track record in the past.
Above all, it is agreed that some prior work needs to be done before and post applying; it is not similar to not getting a visa. It is not as big an obstacle as it is made out to be. After all, the US government has the responsibility of making sure that it has selected the right candidate to invest.
