Why The Eb5 Visa Is A Shining Light In United States Immigration Policy
Few people would argue the fact that immigration is a very divisive issue. Passionate feelings surround all aspects of immigration and have for hundreds of years. While illegal and legal immigration will continue to be a source of contention among people around the world, there are some very bright spots that highlight some of the undeniably positive aspects of immigration. In this article we will take a look at the United States EB5 (Employment Based 5th Preference) visa, and some reasons why American citizens should be strongly in favor of it.
What is the EB5 visa?
The eb5 visa is an employment based visa available to foreign investors. The investors in question must invest a minimum of $1,000,000 ($500,000 in certain cases) into a new or pre-existing United States business that results in the creation of at least ten new full-time jobs for American workers.
Why should you be in favor of it?
It creates jobs - The EB5 visa requires that at least ten full-time American jobs be created, but it often results in even more new jobs for American workers. With unemployment rates being as high as they are, any job creation is certainly a positive thing, and these visas have been responsible for many thousands of new jobs for American workers. It should also be considered that with the new businesses Eb5 investors often begin, comes even more benefits for local economies and existing workforces. Construction projects resulting from the eb5 investor visa process require the employment of local workers, contractors, plumbers, electricians, engineers and other experts. With the mandatory job creation requirement and ancillary job creation, the EB5 visas are clearly putting significant numbers of Americans to work.
It is a highly monitored process - Much of the discourse surrounding immigration focuses on illegal immigration and the benefits these immigrants are afforded by the United States government. Most Americans agree that immigration is a positive thing in general, but one that must be handled with a fair and comprehensive methodology. In keeping with this philosophy, the eb5 visa program requires that all money that is invested into American Business has a clean and recorded history. There are also strict guidelines in place to ensure that these investors remain compliant with the terms of the visa and earn their residency through several years of adherence to these policies. The EB5 visa is relatively new (it was created in 1990), but this freshness brings with it many modern policies and techniques for monitoring investor compliance throughout each step of their path to a green card visa and permanent United States citizenship.
