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EB-5
The United States EB-5 visa, ''employment-based fifth preference category'' or ''EB-5 Immigrant Investor Visa Program'', created in 1990 by the Immigration Act of 1990, provides a method for eligible immigrant investors to become lawful permanent residents—informally known as "green card" holders—by investing substantial capital to finance a business in the United States that will employ at least 10 American workers. Based on the EB‐5 Reform and Integrity Act of 2022, which was signed into law on March 15, 2022, the minimum investment requirement to qualify under the EB-5 program is $1,050,000. The investment requirement is reduced to $800,000, however, if the investment is made in a qualifying infrastructure project or targeted employment area (TEA). Most immigrant investors who use the EB-5 program invest in a targeted employment area (TEA)—a rural area or area with high unemployment rate in order to invest less capital. The EB-5 program is intended to encourage both ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Targeted Employment Area
A Targeted Employment Area (TEA) is a region of the United States for which the threshold for investment for an investor to be eligible for the EB-5 visa is $500,000 or $900,000 (as opposed to the usual $1,800,000 threshold for the US as a whole), with a judge striking down the increase of the amount from $500,000 to $900,000 but USCIS website continuing to state it as $900,000. There are two kinds of TEAs: high unemployment areas (defined as areas having unemployment more than 150% the national average calculated by the Bureau of Labor Statistics) and rural areas (defined as areas outside a Metropolitan Statistical Area). Definition There are two kinds of TEAs recognized by the USCIS: rural areas and high unemployment areas. Rural areas An area can be designated as a TEA if, at the time of application, it is a rural area. This is defined as an area that is not within either a metropolitan statistical area (MSA) (as designated by the Office of Management and Budget) or the outer bou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |