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we hope to lower both the capital rqmt from $1M to perhaps $250K, and the job creation rqmts from 10 jobs to perhaps 2-3. currently, a modified form of the EB-
by davemc500hats 17y ago
we hope to lower both the capital rqmt from $1M to perhaps $250K, and the job creation rqmts from 10 jobs to perhaps 2-3.
currently, a modified form of the EB-5 in economically targeted areas requires only $500K, and an equivalently smaller # of jobs.
the goal would be to structure the EB-5 modification around the typical seed-round startup investment size & team.
- hymanroth 17y agoThose numbers look good. Makes sense.
- ajju 17y agoAnother distinction is that the EB-5 requires that the person desiring a visa personally invest $1M (not raise it from investors). Additionally, in areas where the limit is lowered to 500K, the person still needs to have a personal net worth of $1M. Linking a founder visa to a personal net worth in high six digits will defeat the purpose of the visa.