Immigrant Investor Pilot Program’s Green Card: The EB-5 Green Card, or Investment Visa, is a great opportunity for someone to obtain a green card. The usual requirements of having family connections or a job in the United States are no longer obstacles when you obtain an EB-5 Investment Visa. This type of Visa can be obtained through the Immigrant Investor Pilot Program, which was started in 1992 in order to help stimulate “economic activity and job growth.” In order to gain permanent residency status through the program, a Regional Center must receive an investment of $500,000.
A Regional Center is an entity, either public or private, “which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment.” The percentage of applications for Regional Centers being approved so far for the first quarter of the 2012 fiscal year are down compared to years past. However, the percentage of approved Regional Centers for the 2012 fiscal year are not far from the percentages reported in recent years, and there are a number of reasons why approvals are down at the moment. The United States Citizenship and Immigrations Services is working to resolve a number of issues, including “what constitutes a ‘shovel-ready’ project for EB-5 purposes.”
Despite the troubles so far for the first quarter of the 2012 fiscal year regarding Regional Center applications, the number of EB-5 applications is increasing compared to years past. Furthermore, the number of EB-5 applications receiving approval is also up, staying in line with the percentage of applications approved in years past. At the rate the USCIS is approving application so far this year, the agency will approve close to the “statutory cap of 10,000” EB-5 applications for the fiscal year.
Information for this article was obtained from http://www.eb5greencard.com/