What is the history of investment immigration in the United States?

News from Audin-Chinese immigrants:

The EB-5 program is an immigrant visa category established by the U.S. immigration law for overseas investment immigrants, referred to as "EB-5" (Employment Based Fifth Preference) is the fifth category of employment-based immigration in the United States. This type of visa has been in place since 1991, and in 1993, the United States** added a "Regional Center Pilot Program" to the EB-5 immigration regulations, relaxing the requirement of "10 direct jobs" to "10 jobs created directly or indirectly." Make EB-5 the easiest way to get your petition approved and have the fewest eligibility requirements of any U.S. immigration category.

The U.S. Immigrant Investor Act was first amended by the U.S. Congress in 1990, and finally Bush** abolished the requirement to create a new business in Congress legislation in 2002, changing the originally overly strict requirement to an investor who can directly invest money in an existing business and create 10 new full-time jobs. After this kind of investment immigration method has been running for a period of time, it has not yet matured, so many people have encountered bumps in the road to immigration.

In 2005, such immigration methods entered China one after another. In Shanghai, the cautious attitude of Shanghai-style merchants made most of them wait for an opportunity, and no one wanted to be the first to "eat crabs". Most people are "not convinced" about this:

At the end of 2 years**How to assess the applicant's investment? How to repay the loan after 5 years of one-time payment? How is this type of investment regulated in the United States?

With a series of problems in front of us, it is indeed difficult to take the first step.

The expert said: "At that time, we had to take the trouble to invest in various problems, some of which even we did not dare to recognize. So we asked the US side again and again for details of the operation process, and did a lot of homework. That's how experience is accumulated little by little.

In July 2007, the Philadelphia Industrial Development Authority (PIDC), which was the first to run U.S. investment immigration in China, invited Mr. Mickeyrowley, then Deputy Secretary of Commerce of Pennsylvania, to China to hold an official press conference on investment immigration.

It's a big topic, and it's hard to explain it in a sentence or two

The U.S. investment immigration policy is a benchmark for entering the United States. If the requirements of the policy are met, then immigration will become simple. In 1990, the U.S. Congress passed the "Immigration Act of 1990", one of which was the introduction of the EB5 (Fifth Preference) program for immigrant immigrants based on investment for the first time.

Eligible foreign investors are allowed to invest $1,000,000 anywhere in the U.S. or $500,000 in certain rural areas or areas with high unemployment rates in economic or construction projects with investment risks.

And prove that the investment has the potential to create 10 jobs in the United States, and you can get a green card for yourself, your spouse and minor children to immigrate to the United States.

In 1992, USCIS began accepting applications for green cards for immigrant investors, in order to help U.S. companies better use the Immigrant Investor Act to attract funds.

At the end of 1992, Congress introduced the Regional Center on a pilot basis, which, once approved, could be used to attract investment to businesses or development projects in the zone.

The USCIS requires applicants who immigrate to the United States to invest outside the zone to participate in the day-to-day management and operation of their own investment enterprises, and those who invest in the zone can take care of everything to the management of the zone.