Final answer:
EB-5 visas are a type of immigrant visa that allows foreign investors to obtain permanent residency in the United States. To get an EB-5 visa, an individual must invest a minimum amount of money and create or preserve jobs for US workers.
Step-by-step explanation:
EB-5 visas are a type of immigrant visa that allows foreign investors to obtain permanent residency in the United States. This program was created by the US government to stimulate the economy and create jobs by attracting foreign investment.
To obtain an EB-5 visa, an individual must meet certain requirements. Firstly, they must invest a minimum of $1.8 million (or $900,000 in a targeted employment area) in a new commercial enterprise in the US. Additionally, they must create or preserve at least 10 full-time jobs for qualifying US workers within two years.
Once these requirements are met, the investor can submit an application for an EB-5 visa to the United States Citizenship and Immigration Services (USCIS). The application process involves providing extensive documentation to demonstrate that the investment is lawful and that the job creation requirements are being met. If approved, the investor and their immediate family members can obtain conditional permanent residency for two years.