EB-5 Visa: Invest Your Way to a U.S. Green Card
The EB-5 visa, also known as the Immigrant Investor Program, is a unique opportunity for foreign investors to secure permanent residency (green card) in the United States by investing a significant amount of capital into a U.S. business. This program plays a vital role in uplifting the U.S. economy by attracting foreign investment and creating jobs.
What is an EB-5 Visa?
The U.S. residence by investment program, known as the EB-5 Immigrant Investor Program, allows people and their families to gain residency by making significant investments that create jobs in the United States. This program aims to boost the economy by attracting foreign investors who are willing to invest in American businesses. It requires an investment of $800,000 to $1,000,000 in targeted commercial businesses.
Ways to Qualify for EB-5 visa
Direct Investment
Investing a minimum of $1,050,000 in a new commercial enterprise located in a TEA (Targeted Employment Area), which is a rural area or an area with high unemployment.
Investment Through a Regional Center
Investing a minimum of $800,000 in a USCIS-approved regional center project. These projects are pre-approved by USCIS to create jobs and promote economic growth.
As of March 15, 2022, the EB-5 Reform and Integrity Act implemented new requirements and a sunset provision for the Regional Center Program expiring on September 30, 2027
EB-5 Visa process
The EB-5 visa application process generally involves several steps:
- Investment in a Qualified Project: Identify and invest in a USCIS-approved EB-5 project that meets the minimum investment amount requirement.
- 526 Petition: File Form I-526, Immigrant Petition by Alien Entrepreneur, with USCIS. This petition demonstrates your investment and the job creation potential of the project
- Conditional Green Card: Upon I-526 approval, you and your family receive a conditional green card valid for two years.
- 829 Petition: After two years, you must file Form I-829, Petition to Remove Conditions on Permanent Residence, to prove your investment remains at risk and the required jobs have been created
- Permanent Green Card: If I-829 is approved, your conditional green card is removed, and you receive a permanent green card
Requirements for EB-5 Visa and Documents Needed
The specific requirements and documents needed for an EB-5 visa application will vary depending on the investment type. However, some general requirements include:
- Proof of lawful source of investment funds
- Business plan for the investment project (if direct investment)
- Evidence of job creation through the investment
- A valid passport
- Medical examination report
It's highly recommended to consult with an immigration attorney specializing in EB-5 to ensure you meet all eligibility requirements and navigate the complex application process
Free
Consultation from Pine Visa Services
