How EB-5 Business Investments Can Get You a Green Cardby Katie Gorden Internet Writer
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Are you searching for the best way to qualify for legal residency in the U.S.? One of the best ways to do so is to check out the EB-5 program. This is a program under which you can legally invest in property development in the U.S., realize a profit, and get your green card as a well-earned reward.
What is the EB-5 Program?
The EB-5 program is a very special type of program designed to meet the needs of immigrant investors in the U.S. The idea is a simple one. You need to invest in a project that has been chosen to be developed. Your investment must be a minimum of $900,000 and the project must create at least 10 jobs.
To take advantage of this program, you must be a foreign investor that is looking for an opportunity to become a permanent resident of the United States. Your spouse and any unmarried children that you have under the age of 21 are also eligible. The idea is for you to earn money while developing U.S. projects on your way to residency.
What Are the Steps of the EB-5 Process?
There are 4 basic steps that make up the EB-5 process. If you have any additional questions, comments, or concerns about this program, your best bet is to seek expert legal advice. There are a great many skilled and experienced EB-5 immigration lawyers that you contact in order to become better informed on this issue.
Step 1: Choose Your Investment
You will first need to choose the EB-5 investment that best fits your needs. You then need to make the investment itself. The vast majority of investors in this program tend to select regional center investments. This is due to the fact that the creation of jobs is a bit easier and less strictly regulated under the terms of the agreement.
Step 2: Submit Your I-526 Petition
The next step of the process will involve the submission of your I-526 petition. This is the document that shows that your investment has been made. It also certifies that the money you used to make the investment was obtained in a lawful manner. The business plan that you also submit must comply with all existing USCIS guidelines.
Step 3: Get Your Conditional Green Card
If your 1-526 is approved, you will receive a conditional green card. This is a visa that allows you to stay in the country as a legal resident for a period of 2 years. During this time, you will invest in the project of your choice and create at least 10 jobs as a result of your investment.
Step 4: File Your I-829 Petition
The last step of the process will be to file an I-829 petition. This will be your motion to get all of the existing conditions removed from your green card. Once this is done, there will be no restrictions on your ability to permanently reside in the U.S. This will be the ultimate reward for your participation in the EB-5 program.
How Long Does it Take to Become a U.S. Citizen?
After you receive your conditional green card, you must complete the terms of your EB-5 agreement. 5 years after you receive your I-526 conditional visa, you will be able to apply to become a citizen of the United States. This will be incumbent on you being able to complete all of the steps of the EB-5 program in a satisfactory manner.
This may not be a program that every immigrant will be able to take advantage of. However, for those who do qualify, it is one that represents a streamlined path to permanent residency and the eventual attainment of citizenship.
The Time to Invest in Your Green Card is Now
If you would like to earn permanent possession of a U.S. green card, the time to start planning is now. The EB-5 program may be the perfect one to help you realize your dream of creating a pathway to citizenship. As you earn your right to apply for resident status, you can also earn a handy profit by making use of this program.
Created on Nov 10th 2020 14:39. Viewed 623 times.