What is the Process of Getting an EB-5 Visa?
- Hire an Immigration Attorney. The first step in the EB-5 process is to hire an immigration attorney with experience handling EB-5 cases.
- Select an Investment. Select an EB-5 investment that you are comfortable with (after doing a lot of due diligence). ...
- Invest Your Funds. When you file the Form I-526 you must show that you have invested or are actively in the process of investing your capital into ...
- File Form I-526. After putting together all the necessary documentation, your attorney will file the Form I-526 on your behalf.
- Adjustment of Status/Visa Processing. There are 2 ways to get your conditional green card. ...
- File Form I-829. After 21 months of becoming a conditional permanent resident, you are eligible to have your attorney file a Form I-829 for you.
- Naturalization (Optional) After you’ve been a permanent resident for at least 5 years, you may be eligible to apply for Naturalization, to become a US citizen.
Who qualifies for an EB-5 visa?
The EB-5 visa is an immigrant visa for investors, entrepreneurs, and anyone who is looking to start a business in the USA. To qualify for an EB-5 visa, you are required to invest a minimum of $1,800,000 in a US business.
Who can apply for an Eb5 visa?
USCIS administers the EB-5 Program. Under this program, investors (and their spouses and unmarried children under 21) are eligible to apply for a Green Card (permanent residence) if they: Make the necessary investment in a commercial enterprise in the United States; and
How do I qualify for an EB-5 visa?
Qualifying for the EB-5 Visa requires proof of one of the following:
- Provide Proof For Investment From Lawful Business
- or Provide Proof For Investment Funds From Gifts
- or Provide Proof For Investment Funds From Inheritance
- or Provide Proof For Investment From Sale of Real Estate, Stocks, Business
- or Provide Proof For Investment From Loans (Only loans that qualify are loans backed by EB-5 applicant's assets.)
What do you need to know about Eb5 visa?
What Should You Know About EB-5 Visa? Investment Visa EB-5. This program was created by Congress in 1990 to stimulate United States economy creating new job opportunities by foreign capital investment. It was enacted as a pilot in 1992 and has been reauthorized since then.
How long does it take to get an EB-5 visa?
six monthsThe average processing time for the EB-5 Visa is six months, and the initial application and petition are usually approved within 60 days from the date of filing. You will, however, have to also wait for the United States Citizenship and Immigration Services (“USCIS”) and Department of State to schedule an interview.
How much money do you need for EB-5?
The required standard minimum investment amount of $1 million and the minimum investment amount for investment in a Targeted Employment Area (TEA) of $500,000; Permitting state designations of high unemployment TEAs; and. Prior USCIS procedures for the removal of conditions on permanent residence.
How do you get funding for EB-5 visa?
To qualify for EB-5 funding, businesses need to demonstrate that their enterprise or project can create 10 new full-time jobs for U.S. workers per each invested $1 million (or $500,000 if business is located in Targeted Employment Area).
Which countries can apply for EB-5 visa?
As of April 23, 2020, 78,278 investors have applied for the EB5 program. Most investors—about 80 percent—come from four countries: China, South Korea, Taiwan and the United Kingdom. Large numbers of applicants have also come from Vietnam, India, Brazil, Mexico, and Nigeria.
Is EB-5 worth it?
Among high-profile scams, stringent eligibility requirements, and exceedingly long processing times, investors are left wondering whether petitioning for an EB5 visa is still worth it. For many, the simple answer is yes, the EB5 visa is still the golden ticket to the American Dream it has always been portrayed to be.
Can I get a US visa if I buy a property?
“Will I qualify to receive a green card because I bought a house in the United States?” No. You can't get a green card simply by buying a house in the U.S. In fact, owning real estate doesn't ordinarily give you any visa or other immigration benefits.
How much money do I need to invest to get permanent residency in USA?
Applicants must provide extensive documentation and deal with a highly complex legal area. To qualify for an EB-5 visa, you have to: Invest $1.8 million (respectively $900,000 in targeted employment areas) Present a business plan that explains how the US economy will benefit from your investment.
Do EB-5 investors get their money back?
Do EB-5 investors get their money back? EB-5 investors may get the full or part of their invested money back when their immigration and investment cycles are completed. Many regional centers would include the terms and conditions of this exit procedures in the investment agreement or other documents.
Can I buy US citizenship?
To obtain a US passport, you need to invest $900,000 in an American company, live in the country for five years and obtain citizenship by naturalization.
Can I buy US green card?
Apply for a Green Card Find out if you're eligible. If you are eligible, file Form I-485 - Application to Register Permanent Residence or Adjust Status with USCIS, including all supporting documents and fees. USCIS will review your application and schedule an interview with you.
Is the EB-5 program still available?
The EB-5 Regional Center Program will be reauthorized through Fiscal Year 2027 in appropriations legislation passed by Congress late Thursday; the program had been expired since June 30, 2021.
Can I buy an existing business for EB-5?
Yes, EB-5 investors can investor in existing businesses.
How to get an EB-5 visa?
To get an EB-5 visa, an investor can make a direct investment or they can invest in a regional center. Regional centers are specialized companies that collect investment funds from multiple EB-5 investors to fund a large-scale project such as a resort or apartment complex.
What are the requirements for an EB-5 visa?
One of the key requirements of the EB-5 visa is that the funds used for an EB-5 investment must be lawfully obtained.
How to prove that you earned money?
To prove this, you will submit many documents showing how the funds were earned, including bank statements and tax returns.
Do you have to work for a sponsor company on an EB-5?
As an approved EB-5 visa holder, you do not have to work for a sponsor company. You are free to work in any lawful capacity. You are free to live and work anywhere in the United States. You are eligible to work in the US without having to apply for special work authorization. 3.
Can an EB-5 investor get a green card?
The EB-5 visa is an immigrant visa category, so as a successful EB-5 applicant, you can get your green card are be on the path to US citizenship. As an EB-5 investor, your spouse and your unmarried children under 21 years old can also qualify to get their green cards. Your children have access to a US education.
Who files the I-526?
After putting together all the necessary documentation, your attorney will file the Form I-526 on your behalf.
Do you have to invest money to get an EB-5 visa?
No, an investor does not have to invest money to qualify for an EB-5 visa.
What is the EB-5 visa?
The EB-5 Visa Program: What It Is and How It Works. The Immigrant Investor Program, also known as “EB-5,” has become an increasingly important source of investment for development projects in the United States, attracting billions of dollars to the U.S. economy and creating tens of thousands of jobs in the United States.
How many EB-5 visas are there?
There are 10,000 EB-5 visas available each Fiscal Year (FY). To qualify for the EB-5 program, immigrants can invest directly in a job-creating business, or can invest through regional centers approved by USCIS to promote economic growth in designated areas.
What is Congress Doing on EB-5?
Despite the increased usage of the EB-5 program, it remains a provisional visa program. Since its inception, Congress has reauthorized the program several times, most recently in December 2015. Currently it is set to expire on September 30, 2016. Congress must act in order to keep the program running after this date.
How much investment is required for an EB-5 visa?
It requires a minimum investment of $1 million, or $500,000, if the investment is in a rural or targeted high unemployment area where unemployment is 150% of the national average.
How many EB-5 visas were issued in 2008?
The number of EB-5 visas issued to foreign investors increased from a low of 64 in 2003 to more than 1,300 in 2008, according to a 2010 government-commissioned study by ICF International.
What is the purpose of the USCIS visa program?
Citizenship and Immigration Services (USCIS) in that it is the only visa program whose stated purpose is to create jobs and growth . This mandate creates special challenges and opportunities.
