EB-5 visas can allow non-U.S. citizens to gain permanent residency in the U.S. as investors. Investors must meet a qualifying capital investment amount spent in a U.S. business. Once granted the visa, the EB-5investors can live in the U.S. with their spouse and any unmarried children under 21 years old included in the application. The EB-5 visa can also allow foreign investors to eventually apply for U.S. citizenship after five years of receiving their permanent green card.
While obtaining an EB-5 visa may seem complicated, here are some basic things to know for background:
- Rural and high-unemployment areas can need a lower amount of monetary investment than other areas
- Your investment should create at least 10 full-time jobs for those authorized to work in the U.S.
- Applicants must source investor funds through legal means
Here are some steps each investor must complete to process an EB-5 visa application:
Table of Contents
Finding a Business to Invest In
If you are looking to get an EB-5 visa, find a business or project you can invest in before making a formal application. Immigration requirements may vary according to the business type and location. When finding a suitable business, EB-5 applicants should ensure the business will meet the visa income requirements with their selected project. Create a comprehensive business plan depending on the type of business you want to invest in. You can submit the business plan to the USCIS to offer the following details:
- The type of business you plan on investing in
- Your investment amount into the business. USCIS only insists on small investment amounts. Investors can inject as much as they deem workable into businesses or projects
- The number of jobs you intend to create
- When your project will create jobs
- A breakdown of how you will spend investment funds
Investing Capital Requirements Into the Business
You need to invest the capital requirements into your new venture after selecting a business or project. The USCIS does not compel EB-5 applicants to invest; investors can make the payment into an escrow account. This can provide evidence of your ability to invest the funds required when filing an I-526 petition.
According to the USCIS, the least investment amount is $1.05 million or $800,000 if the project is in a targeted employment area (TEA). Targeted employment areas can include rural areas and regions with high unemployment. An investor can input into infrastructure projects the investment amount for targeted employment areas.
Filing an I-526 Petition
Form I-526 is an immigrant petition that proves the applicant’s investment complies with the EB-5 requirements. You file the petition with the USCIS to prove your investment amount is expected to create at least 10 jobs for qualified employees.
Some documents you need when filing your I-526 petition include the following:
- Personal documents, including copies of your passport, social security card, marriage certificate, professional certifications, and resume
- Business-related documents can include your business plan, the commercial entity’s certificate of incorporation, and forms 1-9
- Documentation about your source of funds. These can include supporting documents like personal bank statements and individual tax returns
Expect to hear from the USCIS whether your I-529 petition was approved or denied after about 18 months.
Satisfy the Two-Year Conditional Permanent Residency
EB-5 visa applicants must meet a two-year conditional residency period in the U.S. before they can become permanent residents. The conditional residency allows them to implement their investment project on American soil. Applicants can become eligible for residency once the USCIS approves their I-526 petition.
Filing an I-829 Petition
After the two-year conditional permanent residency status expires, applicants cannot renew. Investors must file form I-829 within the last 90 days before the conditional residency expires. This shows their investment complied with EB-5 requirements, and the jobs created have been sustained for two years. Filing an I-829 petition can help investors gain permanent resident status under the EB-5 green card program.
Get Your Eb 5 Visas
Immigrating into the U.S. as an investor can seem complex, so you may need expert help getting EB-5 visas. An immigration lawyer from a regional EB-5 center can take you through the steps for an EB-5 visa. Their guidance can help you handle the application process.
Related posts
When was the first presidential election in the US?
The election process in the world’s most powerful nation, the US, has come a long way. Various amendments have been made to the Constitution that allowed black men, white women and other disadvantaged groups to participate in the elections. Further amendments during the 60s and…
Tips & Trick For Healthy Glowing Skin
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam laoreet, nunc et accumsan cursus, neque eros sodales lectus, in fermentum libero dui eu lacus. Nam lobortis facilisis sapien non aliquet. Aenean ligula urna, vehicula placerat sodales vel, tempor et orci. Donec molestie metus a sagittis…
My Fight With Depression. Concussions
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam laoreet, nunc et accumsan cursus, neque eros sodales lectus, in fermentum libero dui eu lacus. Nam lobortis facilisis sapien non aliquet. Aenean ligula urna, vehicula placerat sodales vel, tempor et orci. Donec molestie metus a sagittis…
Top 10 most visited tourist places in the world
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam laoreet, nunc et accumsan cursus, neque eros sodales lectus, in fermentum libero dui eu lacus. Nam lobortis facilisis sapien non aliquet. Aenean ligula urna, vehicula placerat sodales vel, tempor et orci. Donec molestie metus a sagittis…
How Digital Health Technology Is Beneficial?
Digital health revolves around the usage of diverse technological platforms including mobile health, teen health, configurable remote patient monitoring, etc to improve the connection between the patients and the doctors. Across the healthcare system, the horizon and scope of digital health have helped create opportunities…
How Latest Farmtrac Tractors are Improving Farming in India?
India mostly relies on farming, and a large part of the population depends on it for their livelihoods. Recently, there’s been a big shift towards using modern farming techniques and machinery to make farming more productive and efficient. A good example of this is the…
Dispelling Myths: Demystifying Rx Waste and Expiration Dates – WasteX Pharmaceutical Waste Disposal Separates Fact from Fiction
The specter of “expired” medication looms large, conjuring images of potent chemicals wreaking havoc on water sources and ecosystems. But before you panic toss that bottle of pills, let’s delve into the truth about pharmaceutical waste and expiration dates, separating fact from fiction. At WasteX…
Sustainable Living in Memphis: Green Initiatives and Eco-Friendly Hotspots
Memphis, a city known for its rich cultural heritage and vibrant atmosphere, is increasingly becoming a hub for sustainable living. As environmental awareness continues to grow, residents and businesses in Memphis are embracing green initiatives and fostering eco-friendly practices. Let’s explore the city’s commitment to…
Today's pick
Hot topics
Stay connected
Meet the Author
Gillion is a multi-concept WordPress theme that lets you create blog, magazine, news, review websites. With clean and functional design and lots of useful features theme will deliver amazing user experience to your clients and readers.
Learn moreCategories
- Animals (7)
- Apps & Softwares (8)
- Automotive (8)
- Beauty (8)
- Business (141)
- Cars (12)
- Cartoon (3)
- Cook (4)
- Cooking (1)
- Design (8)
- Economy (6)
- EDUCATION (26)
- Entertainment (16)
- Fashion (23)
- Fitness (2)
- Food (16)
- Gaming (52)
- Guide (20)
- Health (119)
- Home (52)
- Home improvement (12)
- Interior (3)
- Law (16)
- Life (1)
- LifeStyle (99)
- Marketing (5)
- Motivation (9)
- Movie (6)
- Movies (1)
- Music (3)
- News (8)
- Painting Art (1)
- People (15)
- Photography (7)
- Review (113)
- Services (7)
- Social Media (6)
- Sport (9)
- Sports (12)
- Style (10)
- Swimming (1)
- Tech (125)
- Travel (26)
- Uncategorized (18)
- Vape (5)
- Western (3)
- World (2)