Here's how to get an EB-5 visa in an easy to follow step-by-step guide.
Potential investors are rushing to get an EB-5 visa before reforms take place and the minimum investment amount is raised.
Before diving into the process of obtaining an EB-5 visa, you may be wondering why potential investors are rushing to obtain EB-5 visas? What is the EB-5 Program and what are the benefits? Is it the right visa for you?
What is the EB-5 Program?The EB-5 Program was developed by Congress in 1990, as a way to boost the U.S. economy by giving foreign entrepreneurs the opportunity to invest in job creating commercial enterprises in exchange for U.S. permanent residency.Why get an EB-5 visa?The EB-5 Program attracts wealthy entrepreneurs from all over the world for many reasons. Some of the most popular reasons why investors select the EB-5 visa over other visa categories include:
- Having a straightforward path to U.S. citizenship
- Not having language requirements
- Obtaining permanent residency for not only the applicant but also their immediate family
- Not having to manage their investment daily
- Access to world-class schools and Universities
- The freedom to live and work anywhere in the United States
What are the EB-5 Program steps?1. Determine if you meet the financial eligibility requirements for the program. 2. Find and select a qualified EB-5 project.3. Hire an experienced and knowledgeable EB-5 immigration attorney.4. Collect the required documentation, make your investment, pay your filing fees, and have your immigration attorney file your I-526, Immigrant Petition by Alien Entrepreneur.5. After several months of waiting, once your application is processed and approved, then schedule an interview at your U.S. embassy. 6. Upon approval, you and your family become conditional permanent residents and can live and work anywhere in the U.S.7. After approximately two years, if your investment has created the requisite 10 full-time jobs, your EB-5 immigration attorney will file your I-829, Petition by Entrepreneur to Remove Conditions on Permanent Resident Status. 8. Upon approval, EB-5 investors and their families will become lawful permanent residents of the U.S. or green card status.9. After five years, depending on the specific terms of the investment, the investor is typically returned their investment.10. Investors and their families may be eligible for U.S. citizenship 5 years after conditional permanent residency approval.For more in depth information about the EB-5 Program, visit USCIS.
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