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What is the EB-5 pilot program?

What actually is the EB-5 pilot program that I have been hearing about lately?

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    Reza Rahbaran

    Immigration Attorney
    Answered on

    The EB-5 Pilot Program is an Immigrant Investor program that affords foreign nationals the opportunity to become lawful permanent residents in the United States through investment in US-based economic development projects in various USCIS accredited Regional Centers.

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    Boyd Campbell

    Immigration Attorney
    Answered on

    The EB-5 pilot program is also called the Immigrant Investor Pilot Program. It was created by separate laws from the EB-5 Program and created "regional centers", which can take advantage of economic methodologies to show the creation of indirect and induced jobs.

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    Kate Kalmykov

    Immigration Attorney
    Answered on

    The EB-5 Pilot Program was introduced in 1992 through Section 610 of Public Law 102-395. The Pilot Program for the first time introduced the concept of "regional centers," which are entities that are involved in the raising of capital from overseas investors for job creation. The pilot program allows EB-5 investors to take advantage of both direct and indirect employment creation. To do this, regional center based EB-5 petitions must be submitted along with an economic report that uses reasonable methodologies to forecast the job creation that will be created by the investor''s input of capital into the approved project.

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