eb5 program overview
OTHER REGIONAL CENTER MODELS
THE HOUSTON EB5 DIFFERENCE
Principal owner of each project
n 1990, under section 203(b) (5) of the Immigration and Nationality Act (INA), 8 U.S.C. § 1153(ban) (5), Congress created the fifth employment-based preference (EB-5) immigrant visa category for qualified foreign investors seeking to invest in a business that benefits the U.S. economy by creating or preserving at least 10 full-time jobs. Thus, the EB-5 Program was born.
The initial amount required for foreigners to invest is $1,050,000, although that number is reduced to $800,000 if the investment is made in an area designated as rural or facing high unemployment (TEA – Target Employment Area). Approximately 10,000 green cards are available through the EB-5 program each year.
