Job preservation requirement of the EB-5 visa program
Foreign nationals who have plans of migrating to the U.S. through the EB-5 visa application should understand that there are stipulations to the program beyond making an investment of $500,000 to $1 million. They are also required to provide jobs for qualified citizens and preserve a certain number of employees.
The U.S. Citizenship and Immigration Services (USCIS) requires foreign investors to maintain at least 10 newly created jobs for a certain period of time. Potential investors should understand that the EB-5 visa program is designed to give financial assistance to distressed businesses. EB-5 visa holders are required to have pertinent documents such as tax papers, payroll records, and Form I-9 of their employees for the USCIS to confirm that they are honoring their visa terms. Many investors consider applying for EB-5 visas because they are given a chance to live in the U.S. with their immediate loved ones.
The Russian EB-5 attorneys at AmLaw Group provide legal assistance for foreign nationals who want to make an investment in the U.S. Call our office today at (305) 509-6400 to learn more about this program.