The EB-5 Immigrant Investor Program is a direct way to obtain a green card. Non-US resident holders of an EB-5 immigrant visa are allowed to work and reside in the US. The applicant can also include their spouse and children under 21 years of age in the application.
The EB-5 Immigrant Investor Program was launched in 1990 by the Congress of the United States. The main purpose of the program is to to stimulate the US economy through job creation and capital investment by foreign investors. The participants are to invest in commercial enterprises associated with regional centers approved by the US government. Over 10,000 visas are issued annually under the EB-5 Immigrant Investor Program.
The EB-5 Immigrant Investor Program has been operating for over 20 years. It’s obvious that the program is popular and brings benefits for both the country and investors. The EB-5 visa is one of the fastest, surest ways to obtain the American Green Card. To qualify for this type of visa, an investor is expected to meet specific requirements. First of all, EB-5 investors have the option to invest in commercial enterprises associated with regional centers approved by USCIS. It’s vital to prove that your funds are legal. An applicant is expected to complete the following steps:
According to the program rules, EB-5 investors are expected to make their investment in full and upfront, or to demonstrate that their capital is irrevocably committed to the investment.
The following list of documents is not exhaustive. Contact an experienced EB-5 immigration attorney to prepare the required set of EB-5 compliant documents.
DIFFERENCES BETWEEN AN EB-5 VISA, L-1 AND E-S VISAS
The L-1 visa is also a business-related visa. According to the US rules, the L-1 visa allows foreign-based individuals to open a new office in the US and transfer a multinational executive, or a manager (L-1A) or a specialized knowledge personnel (L-1B) to its office in the US. Also, foreign-based individuals who work at an affiliate of any US company are qualified to obtain the L-1 visa to relocate to the main company in the US. With L-1 an employer-sponsor, specific experience and skills are required, while the EB-5 visa doesn’t require any of those. To apply for the L-1 visa, one needs to gather not only tax and bank records, but also advertisement materials, job descriptions, business cards, etc. The E-2 Investor Visa allows an individual to enter and work inside of the United States based on an investment he or she will be controlling. Important condition: an investor must own at least 50% of a US company’s shares. The L-1 and E-2 visas are non-immigrant visas. Those who enter in L-1 or E-2 status may obtain legal permanent resident status by obtaining a different type of visa, usually it’s the EB-5 visa.
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