what is a new commercial enterprise in eb5 visa program?

The EB-5 visa program is a popular pathway for foreign investors seeking permanent residency in the United States. Under this program, one of the key requirements is to invest in a new commercial enterprise. In this article, we will explore what constitutes a new commercial enterprise in the EB-5 visa program, its significance, and relevant considerations for prospective investors.

Understanding the New Commercial Enterprise Requirement

new commercial enterprise is an entity established after November 29, 1990, or one that was established before that date but restructured or expanded in a way that results in a new commercial entity.

The primary goal of the new commercial enterprise is to create or preserve at least ten full-time jobs for qualifying U.S. workers within two years of the investor’s admission to the United States as a conditional permanent resident.

Types of New Commercial Enterprises

Direct Investment: This involves the creation of a new, wholly-owned business or the expansion of an existing business. The investor must establish that the investment will directly lead to the creation of the required jobs.

Regional Center Investment: Investors can also participate in the EB-5 program through regional centers, which are pre-approved entities that facilitate indirect job creation. Regional centers focus on specific geographic areas or industries and use an economic model to demonstrate job creation.

Key Considerations for Prospective Investors

Selection of Industry: Investors should carefully consider the industry they choose for their new commercial enterprise. Some industries, such as manufacturing or infrastructure development, are known to have a higher job creation potential, making it easier to fulfill the EB-5 program’s requirements.

Feasibility Study: Conducting a comprehensive feasibility study is crucial to assess the viability of the new commercial enterprise. It helps investors understand market demand, competition, potential risks, and financial projections, providing a solid foundation for the investment decision.

Business Plan: A well-prepared business plan is essential to demonstrate the viability and job creation potential of the enterprise. It should include details on the management team, marketing strategies, financial projections, and a comprehensive job creation analysis.

Job Creation Requirements

Direct Job Creation: For direct investment, the investor must create at least ten full-time positions for qualifying U.S. workers within two years. These employees must be direct employees of the new commercial enterprise.

Indirect Job Creation: Regional center investments rely on indirect job creation, where jobs can be created not only within the new commercial enterprise but also through the economic impact on the surrounding community. This can include jobs generated by suppliers, construction activities, or increased consumer spending.

Documentation and Evidence

Investment Capital: Investors must provide evidence that the required investment capital has been lawfully obtained. Documentation may include bank statements, tax records, sale of assets, inheritance documents, or loan agreements.

Job Creation Verification: Investors must provide documentation to verify the creation of jobs. This can include payroll records, tax documents, employee contracts, and evidence of employee status.

Compliance with Regulations: It is crucial for investors to comply with all relevant regulations and reporting requirements throughout the investment process. Any non-compliance may jeopardize the investor’s eligibility for permanent residency.


The new commercial enterprise requirement is a vital component of the EB-5 visa program, as it ensures that investors contribute to job creation and economic growth in the United States. Understanding the definition, types, considerations, and documentation associated with new commercial enterprises is crucial for prospective investors seeking to participate in the program.