The EB-5 Misconception
Does the EB-5 program allow potential immigrants to “cut” to the front of the immigration line? The answer is a definitive, no. Believed by many to be a shortcut to US permanent residency, the EB-5 program is not a line-cutting program. In fact, the US Government sets aside each year, 10,000 visas for EB-5 investors. Of the 10,000 visas, 3,000 are set aside for investments made in Target Employment Areas (TEA).
As the government specifically sets these visas aside, it’s not possible for EB-5 investors to steal visas from other immigrants or jump to the front of the line. Compared to other countries around the world that utilize a point system for immigration, the United States does not have such a program. Unless a potential immigrant has a job or family member available to sponsor them, there are limited options for obtaining US Permanent Residency.
The EB-5 Visa Program allows these immigrants with limited options to legally move to the US. This misconception that EB-5 investors “buy” their way into the US at the expense of immigrants of lesser means is outdated and simply incorrect. The government implements visa quotas, which allow each visa category a limited number of spaces.
The benefits of the EB-5 program provide immigrants with a chance to live, work and study in the US, with the added benefit of their investment contribution leading to the growth of the US economy.
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The Information contained in this blog is for information purposes only, and should not be considered legal advice for any individual case or situation. The information provided is not a substitute for consultation with an attorney. No attorney/client relationship is created by the information contained herein.
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Kyle J. Barella