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How to utilize the EB-5 visa program by investing in a troubled business
One of the ways for foreign nationals to obtain U.S. green card eligibility through the federal EB-5 visa program is to invest in a troubled business, according to the U.S. Citizenship and Immigration Services (USCIS).
In order to qualify in this instance, foreign nationals must invest in a business that has existed for at least two years and incurred a net loss for the 12 to 24-month period prior to filing the Form I-526 Immigration Petition.
The loss during the 12 to 24-month period must also be equal to at least 20 percent of the business's total net worth prior to incurring the loss, according to the USCIS website.
In addition, the investment must at least maintain the number of jobs at the business for a period of at least two years. The investor also needs to be involved in the daily management of the business, with the positions of corporate officer and board member as two examples given by the USCIS.
Finally, foreign nationals should understand that they need to invest $1 million (or $500,000 in some target areas) in the troubled business in order to qualify for the EB-5 visa program.