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EB-5 Job Creation Guidelines
A requirement of the EB-5 visa is that each investment of either USD $1,000,000 or USD $500,000.00 must help to create jobs. If for instance the money is invested into an approved Regional Center then this project must be located in a targeted area (also known as a TEA) and must create or sustain 10 full-time jobs for US citizens, lawful permanent residents or other immigrants legally authorized to be employed in the United States.
An important advantage to investing in a project with Regional Center designation is the “indirect” nature of the job creation, which is less difficult to achieve than the “direct” creation of 10 new jobs. The requirement of creating at least 10 new full-time jobs can be satisfied by showing that as a result of the investment and the activities of the new enterprise at least 10 jobs will be created indirectly in the region through an employment creation multiplier effect. These Jobs do not have to be directly related to the project and can now include certain construction jobs during the construction phases of the project. Jobs can also be counted that were created by the investment and located in the region. Forecasting tools which support the likelihood that the business will result in increased employment may be utilized.
- A Full-time position is defined as working a minimum of thirty-five hours per week.
- Two employees may share a full-time position, however part-time employment will not qualify. Therefore, a combination of two or more part-time positions will not fulfill the necessary requirement of the guidelines, even if the positions created jointly meet the 35-hour per week minimum.
- The jobs must be proven to exist at time of application or there must be proof that the required jobs will be created before the end of the two-year period of Conditional Permanent Residence. If the jobs are expected to be created during the two-year period a comprehensive business plan outlining the need and purpose of the 10 new positions must be included with the investor’s application.
