EB5 Immigrant Investor and B1 Visas Compared
In this article we will take a closer look at the B-1 and Eb5 Green Card visas to see how their paths to a Green Card Visa compare and contrast.
The fifth preference employment based visa (EB5) was created
in 1990 as a way for foreign investors to gain United States permanent
residency (and eventual citizenship if desired), through an investment in a new
or pre-existing American business that sees the creation of at least 10 new
full-time jobs for American workers.The B-1Visa allows a foreign citizen to
enter the United States if they will be participating in business activities of
a commercial or professional nature in the United States.In this article we
will take a closer look at the B-1 and Eb5 Green Card visas to see how their
paths to a Green Card Visa compare and contrast. B-1Temporary Business Visitor Visa As per
the governments website, the B-1 Visa allows a foreign citizen to enter the
country if they will be participating in business activities of a commercial or
professional nature in the United States, including, but not limited to:1
Consulting with business associates2 Traveling for a scientific, educational,
professional or business convention, or a conference on specific dates3
Settling an estate4 Negotiating a contract5 Participating in short-term
training6 Transiting through the United States: certain persons may transit the
United States with a B-1 visa7 Deadheading: certain air crewmen may enter the
United States as deadhead crew with a B-1 visaEligibility Criteria You must
demonstrate the following in order to be eligible to obtain a B-1 visa:1 The
purpose of your trip is to enter the United States for business of a legitimate
nature2 You plan to remain for a specific limited period of time3 You have the
funds to cover the expenses of the trip and your stay in the United States4 You
have a residence outside the United States in which you have no intention of
abandoning, as well as other binding ties which will ensure your return abroad
at the end of the visit5 You are otherwise admissible to the United States EB5
Immigrant Investor Visa In stark contrast to the B-1 Visa, lays the Immigrant
Investor Visa.According to the governments web page, to qualify for the EB5
Visa Program you must: 1Invest
or be in the process of investing at least $1,000,000. If your investment is in
a designated targeted employment area (A Targeted Employment Area is defined by
law as a rural area or an area that has experienced high unemployment of at
least 150 percent of the national average.) then the minimum investment
requirement is $500,000.2) Benefit
the U.S.economy by providing goods or services to U.S.markets. 3) Create full-time employment for at least
10 U.S.workers. This includes U.S.citizens, Green Card holders (lawful
permanent residents) and other individuals lawfully authorized to work in the
U.S.(however it does not include you (the immigrant), or your spouse, sons or
daughters).4) Be involved in the
day-to-day management of the new business or directly manage it through
formulating business policy for example as a Limited Partner, corporate
officer or board member. We see in this comparison that the B-1 and Eb5 Visa
Program are very different in nature and offer disparate paths to a Green Card
Visa.While the B-1 allows a foreign citizen to enter the country in order to
temporarily participate in business activities, the EB5 visa relies on an
immigrants investment to create new full-time jobs for the American workforce.
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About Article Author

This article was written by Terry Martin. For information on earning a Green Card Visa through the Immigrant Investor Visa, also known as the Eb5 Visa Program, he recommends you visit Eb5Central.com.