EB-5 Visa Background
The EB-5 Visa Program was first launched in 1990 under section 203(b) (5) of the Immigration and Nationality Act (INA), 8 U.S.C. § 1153(b) (5), with a view to encouraging economic development and job creation. Initially, the investors were required to invest $1,050,000 or $800,000 (in areas with high unemployment rate) to create a new business or invest in a troubled business, creating at least ten jobs, directly or indirectly.
However, in 1992, the U.S. Government created the Regional Center Program under Section 610 of Public Law 102-395 to make it easier for immigrant investors to invest their funds.
EB-5 Economic Impact in America
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