A Simple Guide to the EB-5 Visa Program
If you want the simple basic facts on the EB-5 visa program – along with its good and bad points – please read on…..
If you want to Live, work or retire anywhere in the USA, can afford to commit $500,000 for at least five years the EB-5 visa is an option you will want to consider seriously.
Immigrants from all over the world have chosen the EB-5 visa regional program. This program is a useful source of job creation for the USA and thus it offers your family the chance to make full time permanent residence in the USA a reality.
Using the EB-5 visa programs allows you to work or set up business anywhere you chose in The USA. – This covers the applicant – their spouse and unmarried children under 21. Ultimately you can be eligible for citizenship of the USA.
Once you initial I-526 petition is approved, you can apply for a conditional green card through a consulate interview or an adjustment of status (if you are already in the U.S. on another visa). Once the conditional green card is issued, it is valid for two years. Near the end of the two-year period of conditional residency, you file your I-829 petition to remove the conditions on the green card. This petition demonstrates that your capital was fully invested and at risk during the two-year period and that the required 10 qualifying jobs have been created.
There are now many different programs which have been approved by the USCIS to offer the visa, including hotels, leisure facilities, office buildings, agricultural facilities, films and business loans throughout the USA.
With so many government registered regional centers offering this visa option and immigrants afraid of losing their $500,000, there are important legal, economic and financial implications for you to consider.
It is important to undertake detailed checks before considering the EB-5 visa option for your family. This should include legal, economic and financial advice. Some immigration attorneys have exclusive agreements with only one or two regional centers, some claim to be experts but have yet to process a single successful application, some have not carried out detailed research.
It is very important that you do not believe everything you hear. Make sure you ask every regional center the following questions and don’t just take their word for it, make them prove it: –
- How long has this regional center been operating?
- How many successful (I-526) petitions have been successful?
- How many applicants have reached the two year (I-826) stage and had their conditions removed?
- Has the Regional Center returned clients money and when?
The EB-5 visa can be an excellent option for those of you considering permanent relocation to the USA, particularly if you wish to work, retire or bring your family.