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. 

 

EB-5 VISAS 

 

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. 

 

Source.