Alternative to EB-5 Visa - LIKE/
The LIKE (Let Immigrants Kickstart Employment) bill introduced to Congress as a new category of visas for migrant entrepreneurs. This project can be an alternative to the EB-5 visa.
The idea behind the bill is to encourage the creation of new companies in the United States to create new jobs and stimulate economic growth.
If LIKE is accepted, a new Category W visa will be created, which will allow migrant entrepreneurs to stay in the United States for three years.
The conditions for participation in the program are following: applicants must have at least 10% ownership interest in a start-up entity that has received US$250,000 from qualified investors from the United States or US$100,000 in the form of government awards or grants. As for the minimum investment amount for applicants, it has not been established.
Compared to the current EB-5 program, LIKE has more advantages. For example, the benefits are in the minimum investment amount. For the EB-5 program, this is US$1 million, and for an investment in a Targeted Employment Area (TEA), this amount is US$500,000.
With a W visa, applicants can temporarily work in the United States, seek permanent residence, and the number of green cards will not be limited.
Are you looking for investment options to expand your investment portfolio and be confident in the future? Take a closer look at Citizenship by Investment Programs!
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