Published: June 28, 2023

Understanding the EB5 Investment Amount: A Complete Guide for Investors

Learn about the EB5 Visa Program, a pathway for foreign investors to gain U.S. residency through investment, with insights on eligibility, application process, and requirements.
eb5 investor looking at properties

What is the EB5 Visa Program?

The EB5 visa program is a pathway tailored specifically for foreign investors and their immediate families to acquire permanent residency status in the United States. The program entails investing a significant amount of capital into either a new or existing U.S. business enterprise. The chief objectives of the EB5 program are to fuel economic development and create job opportunities in the United States through the infusion of foreign investment.

Key features of the EB5 Visa Program:

  1. Investment Requirement: To qualify for an EB5 visa, an investor is required to make a substantial monetary investment. The amount of investment needed depends on the type of area the enterprise is located in. As of March 15, 2022, the standard minimum investment is $1,050,000, but if the investment is in a Targeted Employment Area (TEA), it is reduced to $800,000.
  2. Job Creation: An investment must result in the creation of at least 10 full-time jobs for qualifying U.S. workers. This is an essential criterion for the success of the EB5 application.
  3. At Risk Investment: The capital invested must be at risk for the purpose of generating a return on the capital. This implies that the investment must have a risk of loss and a chance for gain.
  4. New Commercial Enterprise: The investment must be made in a “new commercial enterprise,” which is a for-profit entity formed for the ongoing conduct of lawful business. This can be a new business or, in some cases, a troubled business that is being restructured or expanded.
  5. Involvement in Business: The investor must be involved in the day-to-day operations or policy-making of the business. Passive investments do not qualify.

Can investing into an EB5 project get you a green card?

Certainly, an investment in an EB5 project can be a pathway to obtaining a green card. By making an investment that meets the specified criteria, such as job creation, foreign investors become eligible to apply for conditional residency in the United States. This conditional residency is generally granted for a two-year period.

Upon the completion of these two years, if the investment has fulfilled all the stipulated requirements, the investor can submit an application to remove the conditions on their residency. This involves demonstrating that the investment has been sustained and that the job creation requirements have been met.

On successful removal of the conditions, the investor, along with their immediate family members, which include their spouse and children under 21, are bestowed with permanent green card status. This implies that they have secured permanent residency rights in the United States, allowing them to enjoy the plethora of opportunities and privileges that come with living in the country.

What to expect in this guide…

In this comprehensive guide, we will dive deep into the particulars of the EB5 investment program. From understanding what an EB5 visa is, the history and purpose behind its creation, to the requirements for eligibility and the application process. This guide aims to equip you with the knowledge needed to navigate the EB5 program and evaluate if it’s the right path for your immigration and investment goals.

Understanding the EB5 Visa

Definition of EB5 visa:

The EB5 visa is an employment-based immigrant visa, which falls under the fifth preference category, hence the name ‘EB5’. Commonly referred to as the Investor Visa program, this visa category serves as a vehicle for qualified foreign nationals to attain U.S. permanent residency, colloquially known as a green card. To be eligible for an EB5 visa, an individual must make a considerable financial investment in a new or existing U.S. business.

One of the critical conditions attached to this investment is that it must lead to the creation or preservation of a minimum of 10 full-time jobs for qualifying U.S. workers.

This is in addition to the investment amount which must be at risk for the purpose of generating a return. The EB5 visa is an attractive option for those who seek to not only invest and engage in business ventures in the United States but also for those who desire to live and integrate into American society.

Purpose and history of the EB5 program:

The roots of the EB5 program can be traced back to the Immigration Act of 1990. This piece of legislation heralded the introduction of the EB5 program, which was crafted with the explicit aim of energizing the U.S. economy through the infusion of foreign capital and the creation of jobs for U.S. workers. The program was designed to serve as a bridge between foreign investors seeking U.S. residency and the need for economic stimulation in various regions of the United States.

Since its inception, the program has undergone several revisions and changes to adapt to economic conditions and policy objectives, but the core goal of marrying foreign investment with job creation has remained intact.

How it benefits the U.S. economy and investors:

For the U.S. economy:

  1. Capital Infusion: The EB5 program is instrumental in bringing foreign capital into the U.S., which can be leveraged for business expansion, development projects, and other ventures that contribute to economic growth.
  2. Job Creation: A cornerstone of the EB5 program is the job creation requirement. This ensures that investments are not just financially beneficial but also contribute to reducing unemployment by creating jobs.
  3. Stimulating Economic Development: By focusing investments in Targeted Employment Areas (TEAs), which are either rural or have high unemployment, the program helps stimulate economic development in areas that need it most.
  4. Diverse Economic Impact: Investments are made across various sectors, ranging from real estate development to technology start-ups, thereby spreading the economic impact across different industries.

For investors:

  1. Pathway to Residency: One of the most significant benefits to investors is the opportunity to obtain a green card, which allows them and their immediate family to live permanently in the U.S.
  2. Access to U.S. Markets: Being a resident provides investors with easier access to one of the largest consumer markets in the world, opening doors for further business opportunities.
  3. World-Class Amenities: With a green card, investors and their families have access to high-quality education, healthcare, and a plethora of other amenities and public services.
  4. Freedom of Movement: Permanent residency offers the freedom to live, work, and study anywhere in the United States without being tied to the specific investment.
  5. Path to Citizenship: After a period of permanent residency, investors have the option to apply for U.S. citizenship, which comes with additional rights and privileges.

The EB5 Investment Amount

Minimum investment requirements:

For an investor to qualify for the EB5 visa program, it is imperative that they make a substantial investment in a new commercial enterprise in the United States. As per the revisions that were made effective from March 15, 2022, the general minimum investment amount is established at $1,050,000. It is important to note that this investment must be at risk for the purpose of generating a return on the capital placed at risk. Furthermore, the investment must lead to the creation of at least 10 full-time jobs for qualifying U.S. workers within a period of two years (or in certain cases, within a reasonable time after the two-year period).

Distinction between investing in Targeted Employment Area (TEA) and non-TEA:

The EB5 program offers an attractive incentive for those who opt to invest in a Targeted Employment Area (TEA). A TEA is designated by the government as either a rural area or an area that has experienced unemployment at a rate of at least 150 percent of the national average.

  1. Rural Area: It is an area that is not within either a metropolitan statistical area (as designated by the Office of Management and Budget) or the outer boundary of any city or town having a population of 20,000 or more.
  2. High Unemployment Area: It is an area which has experienced high unemployment of at least 150 percent of the national average rate.

Investing in a TEA comes with the benefit of a reduced minimum investment requirement. As of March 15, 2022, the lowered amount for investments made in TEAs is $800,000. This reduced threshold is designed to encourage investments in areas where they can have a more pronounced impact in terms of job creation and economic revitalization.

How the investment amount has evolved over time:

The EB5 program has evolved since its inception in 1990. Originally, the minimum investment amount was set at $1 million for general investments, while for those made in TEAs, the amount was $500,000. This remained unchanged for almost three decades. However, to account for inflation and changing economic conditions, the U.S. government made significant changes to the program which took effect in November 2019, raising the minimum investment amounts to $1.8 million for general investments and $900,000 for TEA investments. Reflecting further adjustments, as of March 15, 2022, the standard investment requirement stands at $1,050,000 and the lowered amount for TEA investments is $800,000.

The amounts are now subject to periodic adjustments for inflation.

Acceptable forms of capital investment (e.g. cash, equipment, inventory):

The capital for EB5 investment can come in various forms. This includes cash, equipment, inventory, tangible property, and cash equivalents. It’s important to note that the investment must be at risk for the purpose of generating a return on the capital placed at risk.

Timeline for EB5 Application Process

Estimated processing times for Form I-526:

The initial step in the EB5 application process is filing Form I-526, also known as the Immigrant Petition by Alien Entrepreneur. The processing times for this form can vary greatly due to a variety of factors, including the application volume at the time of submission and the staffing resources available at USCIS. According to the most recent data as of May 2023, the processing time for Form I-526 typically ranges between 29.5 and 61 months. This is a considerable duration, and applicants must factor in this timeline when planning their immigration journey.

Consular processing vs Adjustment of Status timelines:

Once the Form I-526 is approved, the next step in the application process depends on the applicant’s current location. If the applicant is outside the United States, they will need to go through consular processing. The duration for consular processing is estimated to be between 6 to 12 months for the green card to be approved.

Alternatively, if the applicant is already present in the U.S., they will undergo the Adjustment of Status process. As of the latest estimates, the processing time for the Adjustment of Status, which is done through Form I-485, ranges between 7 to 29 months, contingent on the service center handling the application.

Use of online tools for checking form-specific processing times:

Applicants can leverage the USCIS online processing times tool to obtain updated estimates for processing times related to Form I-526 and other related forms. This platform provides the most up-to-date estimates, helping applicants anticipate the duration they might need to wait.

Additionally, to understand when green cards will become available for EB5 applicants, one can check the U.S. Department of State’s Visa Bulletin. This bulletin is published monthly and provides useful insights into visa availability, helping applicants plan their process accordingly.

These timelines represent estimates and they fluctuate based on the number of pending applications, the volume of new applications being filed each year, and other factors. Therefore, it is critical to keep an eye on the most recent data through official resources, such as USCIS and the Department of State, to ensure accurate planning for your EB5 visa journey.

Additional Requirements and Eligibility

Job creation requirement:

An essential requirement of the EB5 program is that the investment must create or preserve at least 10 full-time jobs for qualifying U.S. workers within two years of the investor’s admission to the United States as a conditional permanent resident. This is a crucial aspect to demonstrate the positive impact of the investment on the U.S. economy.

Types of businesses eligible for EB5 investments:

The business receiving the investment must be a new commercial enterprise, which is defined as a for-profit entity formed for the ongoing conduct of lawful business. Eligible business structures include corporations, partnerships, joint ventures, holding companies, business trusts, and sole proprietorships.

Capital investment specifications (e.g. post-1990 businesses):

The enterprise must have been created after November 29, 1990. If the business was created before this date, it must either be restructured to form a new enterprise or be expanded through the investment so that there is at least a 40% increase in the net worth or number of employees.

Criteria for troubled businesses:

Investments can also be made in troubled businesses, which are defined as enterprises that have been in existence for at least two years and have incurred a net loss equal to at least 20% of the business’s net worth during the 12 to 24 month period before the investor’s petition is filed. Investing in a troubled business still requires the investor to meet the job creation requirement, though the focus is on preserving existing jobs.

Steps to Apply for EB5 Visa

Filing the Initial Petition (Form I-526) and supporting evidence:

To initiate the EB5 application process, the investor must submit Form I-526, Immigrant Petition by Alien Entrepreneur. This form must be accompanied by evidence that demonstrates the investor is investing the required capital amount in a new commercial enterprise in the U.S. and that 10 full-time jobs for qualifying U.S. workers will be created or preserved as a result of the investment.

Green Card Application Process (Form DS-260 or Form I-485):

Upon approval of Form I-526, the investor can proceed to the green card application. If the investor is outside the U.S., they will apply through consular processing and need to complete Form DS-260 (Application for Immigrant Visa and Alien Registration). If they are already in the U.S., they will go through the Adjustment of Status process by filing Form I-485 (Application to Register Permanent Residence or Adjust Status).

Removing conditions and obtaining permanent residency (Form I-829):

Initially, investors and their eligible family members receive a conditional green card valid for two years. Within the 90-day period immediately before the second anniversary of the investor’s admission as a conditional permanent resident, they must file Form I-829 (Petition by Investor to Remove Conditions on Permanent Resident Status) to remove the conditions and become lawful permanent residents. This must be accompanied by documentation proving compliance with the investment and job creation requirements. Once the conditions are removed, the investor and eligible family members receive a green card without conditions.

Addressing changes and updates in EB5 program regulations:

The EB5 program has undergone various changes since its inception. It’s crucial for investors to stay informed about any recent updates to the program’s regulations and requirements. This section will offer guidance on where to find the latest information and how to interpret changes that may affect potential applications.

Resources for further assistance and consultation:

Recognizing that the EB5 application process can be complex, this section will provide a list of resources where applicants can seek additional help. This includes government websites, forums, and directories of immigration attorneys who specialize in EB5 applications. It’s always advisable to get expert help when navigating the intricacies of the immigration process.


In conclusion, a thorough understanding of the investment amounts required for the EB5 program is vital for anyone considering this path to U.S. residency. The amount invested not only impacts eligibility but is also a significant financial commitment that should be carefully considered.

Potential investors are encouraged to assess their eligibility and options diligently. The EB5 program offers an excellent opportunity for investors and their families to become permanent residents of the U.S., but it also demands careful planning and adherence to program requirements.

The EB5 visa application process is multifaceted and subject to regulatory changes. As such, it is highly recommended that readers seek professional legal and financial advice for personalized assistance and guidance. Consulting with experienced professionals will help ensure that applicants are well-informed and that their application process proceeds as smoothly as possible.

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