How to apply for an EB-5 visa?
How to apply for EB 5 visa - A Step by Step Guide
- Determine where and how the investment is to be made. ...
- File the I-526 petition. This is the initial petition for a Green Card. ...
- Apply for Lawful Permanent Residence or Adjustment of Status. ...
- Apply for Unconditional Permanent Residency. ...
- Citizenship. ...
How to apply for EB 5 visa?
- An official academic record showing they have obtained a certificate, diploma, or degree from a university or school related to the exceptional ability
- Proof of payment for services related to the applicant’s ability
- A license (or certification) obtained by the applicant to practice their profession
- A membership at a relevant professional association
What is the requirement of the EB-5 program?
The EB-5 program requires that every investor make an at-risk investment , which simply means there must be a risk of loss and a possibility for gain. The phrase "at risk" has a different meaning in the EB-5 context thanin common usage.
How does EB-5 or investor visa program began?
The EB-5 visa or Investor visa program originated from the 1990 U.S. Congressional Immigration Act, which included several major immigration modifications. Around then, the new arrangement enabled the United States to become a better alternative to similar investment programs offered at that time by Canada and Australia.
How much money do you need for an EB-5 visa?
The EB5 visa is an investment-based visa for investors. The basic requirements to get an EB5 visa are that you must invest at least $1,800,000 (or in some cases $900,000) in a US business and create 10 jobs for US workers.
How does the EB-5 visa program work?
What is an EB-5 Visa? The EB-5 (employment-based, 5th preference) investor visa grants permanent resident status to investors who satisfy certain criteria. With this visa, the applicant's spouse and unmarried children below the age of 21 may also receive a green card.
How long does a EB-5 visa take?
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.
Who is eligible for EB-5?
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.
Do you get your money back in EB-5?
As most EB-5 cases are set up on loan-based models, once the investment is made and the partnership has made the loan, the investment is locked in until the loan term matures and can be paid back. Please review your offering documents, and consult with your lawyer and regional center.
Is EB-5 green card 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 take a loan for EB-5 visa?
So, yes, you may take out a loan for your EB5 investment capital. However, a loan is trickier to handle than a gift. If secured by personal assets, be prepared to show a promissory note listing the personal security that secures the loan. The USCIS permits unsecured loans for the EB-5 program.
Can I get green card if I buy house in USA?
“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.
Can you buy a green card legally?
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.
What is the minimum investment for EB-5?
The law imposes a new minimum investment of $1,050,000 for standard EB-5 investments and $800,000 for investments in Targeted Employment Areas (TEAs), and allocates a portion of the EB-5 immigrant visa quota to investments in rural areas, high unemployment areas, and infrastructure projects.
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.
How many EB-5 visas are issued each year?
10,000 newThe EB-5 visa program has an annual maximum of approximately 10,000 new visas issued per year. At least 3,000 of these visas are reserved for new I-526 visa petitions filed based on investments in projects sponsored by a Regional Center.
Can we buy US citizenship?
US Citizenship by investment EB-5 and E2 are not a citizenship by investment program, However; after getting a Green Card via the EB-5 visa route, investors can apply for USA citizenship after five years of Permanent Residency. This process is known as Naturalization.
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.
When will the EB-5 be extended?
On Dec. 27, 2020, President Trump signed a law extending the Regional Center Program through June 30, 2021. USCIS policy on EB-5 adjudications is in Volume 6, Part G of the USCIS Policy Manual. All EB-5 investors must invest in a new commercial enterprise that was established: After Nov. 29, 1990; or. On or before Nov. 29, 1990, that was:
How many employees are required to be on an EB-5?
An EB-5 investor must invest the required amount of capital in a new commercial enterprise that will create full-time positions for at least 10 qualifying employees.
How long does an EB-5 investor have to show job maintenance?
The investor must show that the number of existing employees is, or will be, no less than the pre-investment level for a period of at least two years.
What is the minimum investment amount for EB-5?
21, 2019, including: 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; ...
What is the I-485 form?
Form I-485, Application to Register Permanent Residence or Adjust Status, and any Form I-765, Application for Employment Authorization, and Form I-131, Application for Travel Document, associated with a Form I-485 application that is based on a Form I-526 filed by an approved regional center.
When will I-526 be accepted?
In addition, we again will accept the April 15, 2019 , version of Form I-526, Immigrant Petition by Alien Entrepreneur, because the Nov. 21, 2019, version of the form reflects updates from the now-vacated rule. Alert: Statutory authorization related to the EB-5 Immigrant Investor Regional Center Program expired at midnight on June 30, 2021.
Do EB-5 investors invest in a new commercial enterprise?
All EB-5 investorsmust invest in a new commercial enterprise that was established:
EB-5 Visa requirements
This type of visa is aimed at foreigners and their direct family members (spouse and dependent children under 21).
How long does it take to get Green Card through EB-5 Program?
The first step is to find a good office, specialized in the EB-5 Program, to guide you through the entire process. It is not enough to hire a generic immigration lawyer. The EB-5 Program is considerably judicious and specific.
How may I apply for the Program
AMG International Realty works in partnership with the best US law firms, specializing in the EB-5 Program. If you want to learn more, contact us today: +1 308 318 6968 (Heloisa Arazi).
