The EB-5 visa program was introduced in the year 1990 by the United States Congress. This is the route that allows immigrant investors to secure US permanent residency, commonly known as Green Card, via a $900,000 investments. This amount should be invested in government-approved projects with the right to release the investment in the future. The entire family eligibility includes the applicant’s partner and unmarried children under the age of 21. All family members are qualified for the Green Card, and the right to live, work and study in the United States. After getting a Green Card for five years, the applicants of EB 5 may apply for citizenship.
Top Benefits of EB-5 Visa Program
United States citizens can travel without a visa to more than 185 countries worldwide, including the United Kingdom and Europe. Green card holders can visit a number of countries without a visa, including Canada and Mexico. US residents can also travel throughout the world with their green card provided they are traveling to a country providing the same rights to green card holders as to American citizens.
EB-5 investment requirements
In order to qualify for the EB-5 investment visa, the applicant must invest a minimum of $900,000 in a United States business. The investment should create at least ten full-time jobs, and the money must remain at risk. In general, most successful EB 5 investments are made through a Regional Center; a USCIS-approved economic entity that includes a specific jurisdiction. Regional centers are real estate developments that have the capability to generate job vacancies for the EB-5 program. Investing in these centers relieve the EB 5 investor from the responsibility to run the business and meet job creation requirements – the center can handle these requirements with the day-to-day business.
US permanent residency acquisition process
EB 5 visa program includes several steps administrated by the United States Citizenship and Immigration Service (USCIS). The main aim is to provide a stress-free service along with assistance with each step from initial consultation to successful US residency acquisition.
EB-5 Visa Program includes several steps, including
Initial consultation with advisors
Professional experts will evaluate each investor’s personal circumstances and then guide them via each of the EB-5 program stages as well as help choose the right Regional Center, and a suitable project to invest in.
Invest $900,000 into an EB-5 project
Once the right project has been selected, the investment amount should be transferred into an escrow account.
Submitting I-526 Petition
To establish an investor’s eligibility to classify as an EB-5 immigrant investor, the lawyers will file the initial application known as I-526 petition with the USCIS. The petition should provide proof of investment as well as verify that the business will create the required number of jobs.
Applying for conditional permanent residency
If the above petition is approved, the expert will proceed with the documentation for a two-year conditional green card. If the petition is denied, investment funds are returned in accordance with the terms of the Regional Center partnership agreement.
Conditional permanent residency approval
Once the application has been approved, investors and their eligible family members will get conditional green cards valid for two years. And, they can enter the United States within 180 days if not already present.
Today, there are a number of companies available that specialize in providing excellent services and advice to make your process easy and smooth. All you have to do is to get in touch with the right company and approach their experts.