The EB 10 Agreement: What It Is and What You Need to Know

The EB-10 agreement is a relatively new program that allows foreign investors to obtain a permanent U.S. residency visa, commonly known as a green card, through investment in a commercial enterprise. This program is a part of the EB-5 Immigrant Investor Program, which has been in existence since 1990, but was expanded in 2019 to include the EB-10 category.

What is the EB-10 Agreement?

The EB-10 agreement is a program that allows foreign investors to obtain a green card by investing in a commercial enterprise that creates at least 10 full-time jobs for U.S. workers. The investment amount required for the program is the same as the EB-5 program, which is a minimum of $1.8 million, or $900,000 if the investment is made in a Targeted Employment Area (TEA), which is an area with high unemployment or rural areas.

Who can participate in the EB-10 Agreement?

The EB-10 agreement is open to foreign investors who meet some basic requirements. First, they must be able to invest the minimum required amount of capital in a commercial enterprise that creates at least 10 full-time jobs for U.S. workers. Second, they must be able to demonstrate that their investment will benefit the U.S. economy and create jobs for U.S. workers.

What are the benefits of the EB-10 Agreement?

The EB-10 agreement has several benefits for foreign investors, including the ability to obtain a green card for themselves and their families, as well as the ability to live and work in the U.S. without the need for a visa. Additionally, the program allows investors to invest in a variety of commercial enterprises, including real estate, manufacturing, and service industries.

How can you apply for the EB-10 Agreement?

To apply for the EB-10 agreement, foreign investors must submit an I-526 petition to the U.S. Citizenship and Immigration Services (USCIS). This petition must include evidence of the investment, as well as proof that the investment will create at least 10 full-time jobs for U.S. workers. Once the petition is approved, the investor can apply for a green card and, upon approval, can live and work in the U.S. permanently.

In conclusion, the EB-10 agreement is a program that allows foreign investors to obtain a green card by investing in a commercial enterprise that creates at least 10 full-time jobs for U.S. workers. The program has several benefits for investors, including the ability to live and work in the U.S. permanently, and can be a valuable tool for those looking to invest in the U.S. economy. If you are interested in the EB-10 agreement, it is important to work with an experienced immigration attorney who can help guide you through the process and ensure that all requirements are met.