4 ms·
Isn't it true that it is $1MM in revenue within 2 years of getting a visa? So you could apply when you had $500K in revenues. Also, I don't know for sure if t
by ajju 17y ago
Isn't it true that it is $1MM in revenue within 2 years of getting a visa?
So you could apply when you had $500K in revenues.
Also, I don't know for sure if the qualifying clauses for not being deported have an "and" relationship or an "or" relationship.
Do I need to raise a million dollars AND generate a million in revenue AND generate 5 jobs? Or is one of these enough?
- tptacek 17y agoIf you're at 500k already, you can probably pull off an EB-5. Regardless, I'm not all that concerned about the 500k entrepreneurs. I'm unclear on the "and" and "or" thing, too, but I think it's equally arbitrary to deport someone with 4 full-time employees for missing a $1MM mark, and I think 5 "full-time" employees is extremely gameable.
- neurotech1 17y agoEB-5 says $1M investment NOT $1M revenue My interpretation is that you have 2 years to preform, and if you don't by the 3rd year - then you are deported, and not for missing the 2yr marks. You have 12 months of latitude if your heading in the right direction with employment. I do agree that there is going to be some gaming of the system.
- tptacek 17y agoI read the EB-5 rules before I commented. I stand by my comment.
- zmmmmm 17y ago> I think 5 "full-time" employees is extremely gameable That's what strikes me. What kind of employee do they need to be? If I employ 5 full time janitors on minimum wage do I get to stay?