USCIS notes "transient or seasonal" jobs qualify so long as full-time
U.S. Citizenship and Immigration Services released a draft guidance on the EB-5 foreign investors visa program Monday, clarifying the program’s job creation requirement as it faces renewal in Congress this fall.
EB-5 allows foreign investors to commit as little as $500,000 to a U.S. project and earn a green card, their principal back and typically a minimal interest on the investment after two years, provided it reaches a job creation requirement.
New York real estate developers have counted on EB-5 funding increasingly in recent years, and foreign investment gained through the program has helped fund developments from the likes of Related Cos. and Witkoff.
A foreign national’s investment must create 10 jobs to be eligible for an EB-5 visa, though how such jobs are counted has been a topic of debate, according to Law360. The USCIS draft guidance clarified the requirements, noting that “intermittent, temporary, seasonal or transient” employment in industries like construction and tourism should not be excluded “simply because they fall into such industries."
Read more by clicking below image