Guide: Timeline, Cost, Requirements To Apply For A USA EB5 Visa
An EB-5 Immigrant Investor Visa (EB-5 Visa) can be ideal for you if you desire a green card and have ever considered launching or buying a business in the US.
Find out more about the advantages you can get from an EB-5 Investor Visa by reading on.
Let’s get this rolling!
What Is an EB-5 Visa?
The USA EB5 Visa needs an investment of $800,000 in exchange for a green card from the US government. A total of 10,000 of these green cards are made available by the government each year, although there have never been as many applications as there are open spots. The quickness with which you may obtain a green card is the main benefit of this visa. The petition for a visa must include a lot of paperwork because it is a complicated legal issue. The EB-5 visa also needs a sizable investment.
The company in which the investment is made must also invest the minimum amount necessary and generate 10 full-time employees for US citizens. The company must also be a for-profit commercial enterprise. Non-profit organizations and real estate investments are not acceptable EB-5 candidates.
An investor has two options when applying for a USA Investment Visa: direct investment or investment in a regional Centre.
There are two primary procedures for obtaining a green card with an EB-5 visa. Before that, you are granted two years of conditional permanent residency. After two years, you can remove the restriction from your green card by demonstrating that you generated ten jobs for US citizens and that you maintained your capital investment in the US company throughout that time.
A Timeline For The USA EB-5 Visa Application
Processing time for EB-5 or USA Business Visa can vary as the initial petition can take anywhere from 47 to 71 months to process. From there, the applicant will need to check to see whether a visa is available. At present, there are no wait times for EB-5 applicants.
If the applicant lives abroad, it can take 4 to 6 months for a green card to be approved by consulting with business consultants.
Cost For The EB-5 Visa Application
Depending on where the applicant is submitting from, the total cost of an EB-5 investor visa ranges from $4,020 to $4,900.
To begin with, the applicant must pay $3,675 in filing costs for Form I-526, which is formally known as an “Immigrant Petition by Alien Entrepreneur.” A total of $4,020 is required if the applicant is applying from outside the United States; this does not include the cost of the medical examination, which varies by country and consists of an extra price of $345.
Eligibility For The EB-5 Visa Application
To qualify for an EB-5 visa, you must fulfil two essential requirements. The candidate must:
- Invest in a U.S. business: The investment must satisfy the minimum stipulation as specified by 8 CFR 204.6.
- Plan to maintain or add at least 10 full-time positions that can be filled by Americans.
The applicant must invest in a business that was founded after November 29, 1990. If the firm was founded before or on that date, it had to be a new one as a consequence of an acquisition or a significant reorganization, or the investment had to lead to a 40% increase in either total worth or the number of workers.
The business must be for-profit and fall under one of the following categories to qualify for the USA Passport:
- Joint operation
- Trust in business
- Single-person business
- Company holdings Partnership
- Any additional publicly or privately owned buildings
The capital investment might take the following forms:
- Additional assets
- Secured debt
It is necessary for the investment to either create new direct jobs or increase indirect jobs if the firm is situated in an area that supports economic growth. The business must also directly generate 10 jobs if it’s located outside a regional hub.
In the case of “troubled firms” facing financial difficulties, concessions may be made. Having been in business for at least two years, a struggling firm faces challenges. The company has had a net loss of 20% or more of its net value within one to two years of filing.
How To Apply For The USA EB-5 Visa Application
Step 1: Find a qualified EB-5 project.
Finding a project that would satisfy program standards is the first step for an EB-5 Investor Visa applicant, especially if they want to take advantage of the accelerated approval and rural premium processing options.
The investor must take into account these two intended outcomes when choosing an EB-5 qualifying investment: Green Cards and capital return. The first is concerned with the chance of receiving immigration benefits, and the second is concerned with the prospect of receiving a prompt return on investment.
The minimum investment needed to qualify for an EB-5 visa is $1,050,000, or $800,000 if the job creation takes place in a Targeted Employment Area (TEA). Projects in either a rural region or an area with a high unemployment rate are eligible for TEA certification.
Step 2: Invest and submit a USA EB-5 petition
After investing, the investor’s immigration lawyer will submit Form I-526, the EB-5 petition, to the USCIS. The I-526 petition demonstrates that the applicant has paid the requisite capital into the EB-5 program or is in the process of doing so.
Before submitting their I-526 petition, one needs to speak with a qualified EB-5 immigration attorney, such as a business consultant in Dubai with whom they are comfortable.
Step 3: Two years of conditional permanent residence
An investor can obtain conditional permanent residency in one of two ways:
- The investor must submit Form I-485 for status adjustment if they are a resident of the United States.
- A U.S. Consulate or U.S. Embassy will receive Form DS-260 from investors who reside overseas.
- Upon approval of each EB-5 visa application, the investor becomes a two-year conditional resident of the US.
Step 4: Condition elimination
The recipient of the EB-5 visa must then become a conditional permanent resident as the last stage in the procedure.
Upon submitting, reviewing, and approving an I-829 application, it is possible to obtain permanent residency.
This application provides the United States Citizenship and Immigration Services with documentation that the petitioner has complied with all EB-5 program criteria (USCIS).
Benefits Of USA EB-5 Visa Application
- As a successful EB-5 candidate, you may obtain your green card and begin the process of becoming a citizen of the United States because the EB-5 visa is an immigrant visa category.
- Investments in EB-5 projects can also grant you green cards for your spouse and minor children who are not married.
- Your kids can receive an education in the US.
- With a USA EB-5 visa, you do not have to work for a sponsoring company. You are free to engage in any legal employment.
- You have the freedom to live and work wherever you want in the USA.
- You don’t need to apply for specific work permission to be able to work in the US.
Each year, thousands of foreign investors use the EB-5 visa as a point of entry to invest in the United States and receive a chance to reside there in return.
We’ve just scraped the surface of all the laws, restrictions, and exceptions in this article. If you want to do the EB-5 program “for real,” you’re going to require assistance.
Whether you want a second passport, a low tax rate, or to invest, we can evaluate your financial and personal condition and ambitions to see if an EB-5 visa might be beneficial for you.
Not just make logic, but also provide a viable chance to obtain a visa and have your application approved.
Contact Inzeit business consultants in UAE for assistance on how to achieve your aspirations. We are ready to assist you.