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A Brief and Practical Overview of the EB-5 VISA Program

There are many different sides to the immigration process and one of them involves immigrant investing. That’s right, if an immigrant has enough money to invest within the American economy they could ultimately obtain citizenship within the United States.

The EB-5 visa program is the name of the immigration program that allows foreigners to invest within America’s economy as a means to obtain citizenship. The following information will explain how this process works.

The EB-5 Immigrant Investor Program was created in 1990 by Congress. This immigration program is extremely unique. Foreign nationals who can invest at least $500,000 or $1 million will be given a green card. There are rules for foreign national investments.

Foreign nationals must invest the above dollar amounts in new commercial enterprises or into an area where 10 new jobs can be created or preserved. The foreign national and their family cannot directly obtain employment for the jobs that they create with their investment.

Regional Centers have been set up to use the funds for investing. They help to facilitate the use of the funds so that a foreign national can easily invest their money into something that is viable. Foreign nationals can also create new commercial enterprises.

Foreign nationals usually created various businesses that already had a proven track record for success. These individuals can also invest their money into risky ventures as well.

After a foreign national makes their investment and their application is approved; they will be given a conditional permanent residence status that will be valid for about 2 years. During the course of this 2-year time period, a foreign investor must submit evidence that proves there investment was valid.

A foreign investor must provide paperwork that shows that the full amount of required money has been made and that 10 jobs were created from the investment. Rules also allow evidence for 10 jobs that have been created or that will be created within a reasonable amount of time. As long as this evidence is presented before a 90-day deadline during the second year; a foreign investor will be able to obtain citizenship.

Congress created the EB-5 immigration program to help stimulate the American economy by producing more economic activity. This activity was also started as a means to allow foreigners to be productive members of American society and not a drain on taxes.

The program has proven to be successful there has been well over 4,000 investors a year who has used this program as a means to gain entrance into the U.S.

EB-5 Visa requirements apply for investors and their immediate family. The immediate family includes a spouse and children who under age 21. The investment does not have to be just money. It can also include inventory, equipment, tangible property or secured indebtedness.

Investors must also put their money or economic enterprises into areas of the country where the unemployment rate is at least 150 percent of the national unemployment rate. Rural areas also count. A rural area must have a population of 20,000 or more. Investors can also place their money into various businesses as well that meet investing guidelines.

New commercial establishments must have been made before November 29, 1990. The EB-5 immigration program is a great investment scheme for foreign nationals who have the means to help stimulate the U.S. economy while relocating to another country.

How to effectively manage your money

How to effectively manage your money

You have worked hard to earn your money, so the next step is to protect it. Money comes and goes, and if you want it to last, you need to become disciplined about your spending habits and learn to save. We have financial experts that can provide you with valuable tips and suggestions on how to effectively manage your money.

Sound Money Management Tips

We will teach you strategies for getting the most out of your money. You will learn how to properly handle and balance your finances by setting up a budget. You will also get tips on how to make every dollar stretch by getting the best bargains and not paying high prices on products and services that you purchase. Our finance professionals will show you how to:

  • Track your spending and purchases.
  • Balance your checkbook each month.
  • Cut back on unnecessary expenses.
  • Pay discounted prices to save money.
  • Put aside savings for a rainy day fund.

Strategies for Investments

If your financial goal includes investments, our advisers are here to help you decide which options are best suited for your needs. We can guide you by providing information about how to invest wisely.

There are many ways to invest your money for increased potential earnings in the future. We will teach you about the risks associated with various types of investments and what you can expect in return.

We will help you down the road to financial freedom by going over all the details to get you started with investments. Our professionals will cover all aspects of the process as you work toward your goal by:

  • Showing you the advantages of each type of investment and what it offers.
  • Explain the risks associated with investing your money.
  • Show you how much money you can reasonably expect to earn with your investments.
  • Give you tips on which investments offer the best tax advantages.

 Protecting Yourself with Insurance

Being savvy and wise with your money includes knowing how to protect yourself and your family with insurance. Having an insurance policy is the best form of protection to cover you from a variety of circumstances including accidents, health care emergencies, death, or property loss.

Our financial advisers are trained in all aspects of insurance and can give you advice and helpful tips and pointers for many types of policies that include:

  • Choosing auto insurance coverage
  • Determining how much life insurance you need
  • Selecting the best homeowner’s insurance
  • Helping you decide if you need flood insurance

 Choosing the Right Mortgage

 There are many factors that you need to consider when shopping for a mortgage. Your top priority will likely be to get the best interest rates to keep your monthly payments as low as possible. Borrowing from a reputable bank is also important as you want to avoid predatory lending services. Our experts will cover every aspect of getting a mortgage including:

  • Keeping you informed about fair lending laws.
  • Show you how your credit report can affect your interest rate.
  • Teach you about fees including costs for loan origination, broker fees, underwriting fees.
  • Discuss the pros and cons of fixed rate versus adjustable rate mortgages.

Please come back and visit our site again soon. Our experts are trained professionals with the knowledge and skills to help you manage your money and gain financial freedom. We regularly post fresh content that provides helpful pointers and tips so you can become a savvy saver.

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