While visas are available for those who wish to immigrate to Riverside County for employment purposes, a different kind of visa exists for those who have money they are looking to invest in American companies. The EB-5 visa was created in 1990 as a way for foreign investors to help spark economic growth in the United States.
According to U.S. Citizenship and Immigration Services, there are a few criteria that investors must meet in order to qualify for a EB-5 visa. To begin with, they must make an investment of at least $1 million, although the threshold may be set at $500,000 if the money is invested in a rural area or other area with low employment.
In addition, the investment must be in either a new company or for the purpose of restructuring or expanding an existing business. The investment must also result in the creation of at least 10 new jobs, either directly or indirectly. The new jobs must be available within two years and must be full-time positions.
Interestingly, the EB-5 visa program expired on December 9, 2016, reports Forbes. President-elect Donald Trump has expressed strong opinions about the country’s immigration policies and should his administration take a hardline stance, it is possible the program could not continue. However, given the fact that Trump has also spoken out in favor of foreign investors and job creation, some experts think that the program is not in any danger. Recipients of a EB-5 visa gain citizenship for not only themselves, but their children and spouse as well.