EB 5 Investment Creation

EB-5 Investment Creation

Cupertino Business Immigration Lawyer

Also known as EB-5, the Immigrant Investor Program was created by Congress to stimulate the U.S. economy. Section 203(b)(5) of the Immigration and Nationality Act (INA), allocates 10,000 "EB-5" immigrant visas per year to qualified individuals seeking Lawful Permanent Resident (LPR) status in the United States.

EB-5 Visas are set aside for investors who invest in new commercial enterprises, including those:

  • Established after November 1990; and
  • Established on or before November 1990 (if the business is purchased and restructured or reorganized so that a new commercial enterprise results, or expanded through investment so that a 40% increase in the net worth or number of employees occurs)

Foreign investors have to meet United States Citizenship and Immigration Services (USCIS) requirements if they desire to obtain permanent residency through the EB-5 Visa program.

The Requirements You Must Meet to Obtain an EB-5 Visa

A commercial enterprise can include a sole proprietorship, a partnership, a holding company, a joint venture, a corporation, a business trust or other entity that is publicly or privately owned.

Job creation requirements involve the following:

  • Create or preserve at least 10 full-time jobs for qualifying U.S. workers within two years
  • Create or preserve either direct or indirect jobs

Direct jobs are "identifiable jobs for qualified employees located within the commercial enterprise that the EB-5 investor has invested his/her capital in." Indirect jobs are "jobs shown to have been created collaterally or as a result of capital invested in a commercial enterprise affiliated with a regional center by an EB-5 investor." In the event of a troubled business (or if you invest in a declining business with a net loss for 1 or 2 years equaling at least 20% of total net worth), investors may only be credited with preserving jobs.

Capital means cash, equipment, inventory, other tangible property, cash equivalents, or an indebtedness secured by assets owned by an alien entrepreneur. The minimum qualifying investment in the United States is $1 million. The minimum qualifying investment for an area with a high-unemployment rate or that is primarily rural is $500,000.

If a foreign national investor's petition is approved, the investor and his/her dependents are granted conditional permanent residence in the U.S. (valid for two years). Ninety days before the conditional permanent residence expires, the investor must prove with documented evidence that the full investment was made and that 10 jobs have been maintained, created or will be created within a reasonable time period.

Helpful Resources

Looking for a Cupertino business immigration attorney with more than 20 years of legal experience? Attorney Widman at The Law Offices of Timothy D. Widman would love to answer any of your questions concerning obtaining EB-5 status/EB-5 Visa. He has assisted investors and businesses from a broad range of industries with their immigration needs. Whether you are seeking to invest in a business venture in Santa Clara, Mountain View, Sunnyvale, San Jose, Milpitas, Fremont, or a surrounding area, we can help.

Read testimonials from some of Mr. Widman's past clients, and contact the office now for a free, 30-minute initial case evaluation.

Clients Tell their Stories

  • He guides you through everything and makes everything straightforward [as to] what is needed and what is required.

    “Excellent service [,] he'll help you [from] day one all the way until your case is complete. He guides you through everything and makes everything straightforward [as to] what is needed and what is ...”

  • I honestly could not have done it without you. I appreciate the time you gave me.

    “Where do I begin?! THANK YOU!!! Thank you so much for all your advice and assistance. I am not sure if you realize how much you helped me during the months of November-January. I honestly could not ...”

  • I very much appreciate your guidance as does everyone in the office.

    “I want to express my sincere appreciation for your efforts and help with [name redacted]'s situation. Thank you for helping [name of organization redacted]. I very much appreciate your guidance as ...”

  • Thanks to Mr. Widman I now have the opportunity to do the things I could not have done before and I am very excited about that.

    “I found Mr. Widman through a website that had many other lawyers around my area. I decided to contact him because he had excellent reviews. I was applying for Deferred Action for Childhood Arrivals ...”

  • We thank our lucky stars that we had this attorney to work with and to guide us through the intimidating process of adjustment to permanent residency.

    “My wife and I had a 100% positive experience working with our attorney, Tim Widman, who was very supportive and motivational during the process of filing the I-485, application to adjust for permanent ...”

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Results that Speak for Themselves

  • Contributed numerous hours of pro bono services to local, community-based organizations
  • Persuaded U.S. Department of State to withdraw its finding of inadmissibility
  • Persuaded USCIS to retract notice of rescission of adjustment of status and to approve related citizenship application
  • Secured certification of helpfulness to law enforcement for U visa petitioner
  • Secured multiple grants of Deferred Action for Childhood Arrivals (DACA)
  • Secured post-conviction relief in state court which became basis for successfully terminating removal proceedings.
  • Successfully moved to reopen (Form I-290B) USCIS denial of application of Form I-485
  • Successfully obtained approval of employment-based adjustment of status application under AC21
  • Successfully obtained H-1B petition approval for change of employer and extension of status under AC21
  • Successfully obtained I-601 waivers of inadmissibility
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