An in-depth guide on how to obtain an EB-5 visa
For foreign people looking to secure permanent residency in the US, the EB-5 Visa, sometimes referred to as the Immigrant Investor Program, is a popular choice. With the aid of this visa, foreigners are able to invest in brand-new American businesses that will employ locals. Detailed instructions on how to obtain an EB-5 visa are provided in this article.
Finding Eligibility is Step 1
You need to fulfill the following criteria in order to be qualified for an EB-5 visa:
- An investment of at least $1.8 million in a non-TEA or $900,000 in a new business based in a TEA is required.
- The investment must result in the creation of at least 10 full-time jobs for Americans.
- The investor must be able to prove both the legitimacy of the investment funds’ acquisition and their source.
Locate a Good Investing Opportunity in Step 2
You have to put money into a brand-new business to qualify for an EB-5 visa. This can be a brand-new company or one that has always been around but has undergone expansion or restructuring. You have the option to invest on your own or as a member of a regional center, a company that has been given government approval and handles investments while also generating employment. Those who don’t want to manage their own firm may find regional centers more enticing because they can offer a more passive investment option.
Third step: submit an I-526 petition
You must submit an I-526 petition to US Citizenship and Immigration Services after locating a viable investment opportunity (USCIS). This petition proves that you’ve made the necessary investment and that the investment will result in at least 10 full-time jobs for US citizens.
Conditional Green Card, Step 4
You will be granted a conditional Green Card if your I-526 petition is approved. The rights and privileges that come with being a permanent resident are also available to you with this two-year card.
Taking Conditions Out in Step 5
You must submit an I-829 petition to lift the restrictions on your residency prior to the expiration of your conditional Green Card. With the establishment of 10 full-time jobs for US citizens, you’ve proven that you’ve complied with the EB-5 Visa program’s standards, according to this petition.
Permanent Green Card at Step Six
You will obtain a permanent Green Card if your I-829 petition is approved. With the exception of the ability to cast a ballot and hold public office, this card’s 10-year validity grants you all of the same privileges and rights as a citizen of the United States.
Conclusion
Although though applying for an EB-5 Visa can be difficult, it’s a good alternative for foreign nationals who want to live permanently in the United States. In order to be eligible for an EB-5 Visa, you must meet the investment requirements, find an appropriate investment opportunity, submit an I-526 petition, be granted a conditional Green Card, submit an I-829 petition to have the conditions placed on your residency, and be granted a permanent Green Card. Understanding the procedure and seeking legal counsel if necessary are crucial if you’re thinking about applying for an EB-5 visa. You can obtain an EB-5 visa, live in the US, and work there if you have patience and perseverance.