How Is EB-5 Visa Program Works?
EB 5 visa program considers the easiest option to apply for the green card. It requires the investment of around USD 500,000 or 1,000,000. An investor, their spouse, and children under the age of 21 can receive permanent residency in the United States.
USCIS administers the EB 5 green card investor program, started by congress in 1990 to stimulate the USA economy through job creation and capital investment by foreign investors. The program first enacted as a pilot program in 1992 and regularly reauthorized since then; investors may also qualify for EB 5 classification by investing through regional centres assigned by USCIS bases on proposals for promoting economic growth.
Requirement of EB 5 Visa:
• Permanent residency status is a green card through the EB-5 visa program. It requires mainly by the investors for their specific requirements. The programs run under the supervision of USCIS (the United States Citizenship and Immigration Services).
• Whether it is about a regional centre program or an individual investor, all EB-5 VISA investors are expected to invest in a new commercial enterprise that was:
• Founded during 29,1990 or before November 29, 1990
• Purchased through EB-5 investor and then result in the existing business being restructured or reorganize that represent a new commercial.
Functionality of EB-5 Program:
• The EB-5 program is the only visa program designed to allow foreign investors to get permanent residence in the USA. However, the investors should have a clear thought about this investment, as it requires the investment of around 1,000,000 USD.
• The USA opens up around 10,000 EB-5 visas available each fiscal year (FY). It is crucial to hire an EB 5 green card lawyer, so the process doesn’t get any complexity.
• To qualify the EB-5 program, the immigrant should directly invest in the job-creating firm or should invest through regional centres approved b USCIS to promote economic growth in the designated area.
• Once the investor’s initial application is accepted and verified, then the investor should apply for conditional residence in the United States. After the approval, the conditional residence lasts for two around approximately.
The EB-5 program is a wonderful opportunity for job creators. Both options are available for entrepreneurs. Either invest in one of the USA companies or open a business as per the government guidelines. The program is quite popular among the other visa programs. However, due to high investment value, one genuine people could take a step towards applying for the EB-5 visa. So, hire a qualified and experienced EB5 Green Card Lawyer, and start the process.
