The Onyx Group is a South Florida based law firm dedicated to easing the transition of foreign business owners into the United States by providing a human touch to the business of immigration.
The U.S. Immigrant Investor Program
The U.S. Immigrant Investor Program is also known as "EB-5." It was introduced in 1990 by the U.S. Immigration Act as a program that provides immigration visas for the high-net-worth international investor.
After the successful completion of the program, investors and their family members (spouse and children under the age of 21) are given a conditional resident status in the United States, which can be converted into a permanent residency with a path to citizenship.
To qualify for the program, the applicant must invest $500,000 in a business or project located in a rural area of the United States or an area with a high unemployment rate. If the business or project is not located in a rural area or an area with a high unemployment rate, the applicant must invest $1,000,000. The applicant's investment must create 10 full-time jobs within a two-year period.
After the approval of the initial application, which is focused primarily on establishing the legal source of the investment, the applicant and his or her immediate family are eligible for a conditional resident status in the United States.
Once the applicant establishes that the investment was made in the selected project and the 10 full-time jobs were created within the required period (or will be created within a reasonable time period), the condition attached to the visa is removed and the applicant and family receive permanent resident status in the United States.