The EB-5 visa is an attractive option for foreign investors who wish to obtain permanent residency in the United States through a significant investment that promotes job creation. Read on to learn everything you need to know about how to apply for an EB-5 visa and maximize this opportunity.
What is an EB-5 Visa in USA?
Quite simply, EB-5 visas are a U.S. Citizenship and Immigration Services (USCIS) pathway that provides quick legal residency for foreign nationals in the United States. After a conditional period, it can lead quickly to permanent residency with a U.S. Green Card.
Unlike other popular visas like the H1-B, where a job offer is required, in this case, it is the EB-5 applicant who creates jobs for American workers. The EB-5 visa is commonly known as the investor visa.
Benefits of the EB-5 Visa
The EB-5 visa program allows foreign investors to obtain permanent residency (Green Card) for themselves, their spouses, and their unmarried children under 21 years old.
Additionally, it grants freedom of mobility, allowing beneficiaries to live, work, and study anywhere in the United States.
It also offers educational opportunities, as the investor’s children can access the same opportunities as U.S. citizens, including universities and public colleges at reduced rates.
Finally, the EB-5 visa provides a pathway to citizenship; beneficiaries can apply for U.S. citizenship after five years of permanent residency.
Who Can Apply for an EB-5 Visa?
Any foreign person who meets the investment and job creation requirements established by the EB-5 program can apply.
There are no restrictions based on nationality, education, or business experience, making this visa an accessible option for diverse investor profiles.
Requirements for the EB-5 Visa
To be eligible for the EB-5 visa, investors must meet certain requirements. The minimum investment required is $1.8 million in a new or existing business, or $900,000 in rural areas or high-unemployment areas designated as Targeted Employment Areas (TEA).
Another EB-5 investment visa requirement is that the investor must create at least 10 full-time jobs for U.S. workers within two years of the approval of the I-526 petition. Additionally, the investor must demonstrate that the invested funds come from legal sources.
Necessary Documents to Apply for an EB-5 Visa
You must submit the following documents to apply for the EB-5 visa:
First, you must complete and submit the I-526 Form, Immigrant Petition by Alien Investor.
Additionally, proof of investment must be provided, including documentation showing the amount invested and how the funds will be used.
It is also essential to provide evidence that the funds come from legal sources, such as tax returns, bank statements, and property sale contracts.
Finally, detailed business plans and financial projections for the business in which the investment is made must be included, demonstrating how the job creation requirements will be met.
EB-5 Visa Processing Times
The processing time for an EB-5 visa can vary, but generally takes between 12 and 18 months for USCIS to process the I-526 petition. Subsequently, the consular process to obtain the visa can take several more months.
It is important to consider that times can fluctuate depending on the volume of applications and other variables.
EB-5 Visa Process: Step-by-Step to Apply
Project Selection: Choose an eligible business or project for investment. At Invest Miami EB-5, we know the best investment alternative to obtain the EB-5 visa. Contact us today to find out.
Investment of Funds: Transfer the necessary funds to the selected project.
Submission of I-526 Petition: Submit the I-526 Form and the required documentation to USCIS.
I-526 Approval: Once approved, the investor can apply for the EB-5 visa through consular processing or adjust their status if already in the United States.
Obtaining the Conditional Visa: If approved, the investor and their family will receive a conditional residency visa for two years.
Filing for Removal of Conditions: The investor must submit the I-829 Form before the two-year period ends to remove the conditions on permanent residency.
Permanent Residency: Once USCIS approves the I-829, the investor and their family receive unconditional permanent residency.
The EB-5 visa is an excellent opportunity for foreign investors looking to establish themselves in the United States and enjoy the benefits of permanent residency. By following the appropriate requirements and application process, you can secure your future and that of your family in the United States.
If you need personalized advice to analyze your investment and guide you through the process, do not hesitate to contact Invest Miami EB-5.
