What is EB-5 visa?

gavel and flag_000020306460_LargeU.S. Citizenship and Immigration Services (USCIS) administers the Employment Based 5th Preference Program (EB-5 investment visas). This visa program was first created by the U.S. government in 1990, under section 203(b) (5) of the Immigration and Nationality Act (INA), 8 U.S.C. § 1153(b) (5), to encourage economic development projects and job creation. The 1990 law required each investor to create 10 direct and or indirect jobs. On October 6, 1992, the U.S. government created the Regional Center Program under Section 610 of Public Law 102-395 to further promote immigration and investment through the EB-5 visa category by creating regional centers. Currently the Regional Center Program has been extended through September 30, 2015.