What Exactly Is The EB-5 I-829 Petition?

The EB-5 I-829 Petition by Entrepreneur To Remove Conditions On Permanent Residence Status is the form EB-5 investors’ attorneys file once all of the EB-5 Program’s requirements are fulfilled.

The EB-5 I-829 Petition is typically filed two years after an EB-5 investor received their I-526 Petition approval. In order to receive I-829 Petition approval to remove the conditions on their permanent residency status they must show the following:

1.      They must prove their conditional permanent residency status by providing a copy of their green card.2.      They must show that the new commercial enterprise existed by submitting federal tax returns.3.      They must show that they invested the required capital into the new commercial enterprise by submitting bank statements.4.      They must show that their investment led to the creation of 10 full-time jobs for qualified workers by submitting payroll statements.How to file the EB-5 I-829 Petition:An EB-5 investor’s attorney will compile and submit the necessary documentation to USCIS along with the filing fees. Not using an attorney could lead to mistakes, delays, or worse, denial.RELATED READING: Benefits of the EB-5 Visa[formidable id="11" title="1"]