Understanding The EB 5 Immigration Visa program

The EB-5 visa program is an option for a foreign national to become a resident of the United States by investing in a business in the United States. This particular category of US visa was created under the Section 203 (b) (5) of the Immigration Act of 1990. The eligibility conditions of this visa program require that an individual must invest money in the United States in an approved commercial enterprise. The EB-5 visa requires investment of at least one million dollars that will create employment for not less than 10 full time U.S. workers, directly or indirectly. In the case of a ‘targeted employment area’ (rural area or high unemployment area), the minimum investment required is at least $ 500,000. Often regional centers are invested in.

CONDITIONS OF AN EB-5 VISA

One of the conditions to obtaining an EB-5 visa is that the investor needs to prove that the investment comes from a lawful source of funds. He or she will be required to submit documents in order to establish this fact. This visa category enables a wealthy foreign national to obtain a green card faster.

BUSINESS INVOLVEMENT

The investor does not have to necessarily be involved in the day-to-day activities of the business where he or she has invested money. The investor can go to school, get a job, or do whatever they want after investing in the business. Once granted, the visa remains conditional for two years until USCIS is fully satisfied that all conditions are met.

CONDITIONAL VISA

After your investment in a business like a Regional Center, you will receive a conditional visa. One of the requirements of a conditional visa is that the immigrant shows evidence of wanting to become a citizen. When you apply for EB-5 visa, you can do it yourself or hire a visa attorney like one of the ones at EB-5 Visa in Miami, Florida. It helps to seek the guidance of a visa lawyer to assure that paperwork is filled out properly to avoid delays.

Popular Search Queries