Thursday, November 21, 2024

EB-5 generated $36 billion investment creating 1.1 million US jobs

 

The EB-5 is the most wanted, most popular, highly sought after immigrant investor program in the world. EB-5 was created in the 1990’s by Congress requires $500,000 investment and investors are supposed to create atleast 10 jobs.

 

This scheme is still the oldest in the world with an annual quota of 10,000 visas.

 

Since its creation in 1990’s, EB-5 is currently in 29 years of its operation. USCIS has proposed for an overhaul of the scheme soon with doubling the investment levels.

 

According to DHS report on EB-5, since its creation from 1990 to 2017

 

  • 73,495 EB-5 visa admissions
  • 1.1 million jobs created (assuming 16 jobs created per eb-5 investor according to department of commerce evaluation
  • USD 36.7 billion investments received, assuming half a million invested in each eb-5 project

 

 

EB-5 visa admissions

 

I-526 Petitions

According to USCIS report, the number of approved petitions hit a record in 2018, with USCIS greatly reducing its backlog.

 

  • 58,623 I-526 petitions approved by end of 2018
  • 14,394 I-526 pending by the end of 2018

 

I-526 petitions

 

EB-5 Investments

The breakdown of EB-5 investments

  • 38% Real estate mixed
  • 22% Hotel/Resort
  • 7% Residential real estate
  • 7% Commercial real estate
  • 4% Transport/storage
  • 4% Restaurants
  • 3% Medical facilities
  • 2% Education & schools
  • 2% Energy
  • 1% Retirement homes

 

EB-5 capital investment
Source: DHS Annual report 2018

 

EB-5 investment in US states

 

EB-5 investment by state
Source: IIUSA

 

Top Countries

The State department has published EB-5 total statistics by country report for the FY 2018.

 

The EB-5 visas issued for top 5 countries

 

  • China – 4,642
  • Vietnam – 693
  • India – 585
  • South Korea – 510
  • Taiwan – 425

 

EB-5 visas by country
EB-5 visas issued by country for 2018 – Source: State Department
Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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