The United States of America, sometimes known as the USA, has one of the best economies in the world, boasting a world-class educational system, cutting-edge business infrastructure, a burgeoning tourism industry, and high living standards. You must first obtain a US Green Card if you intend to live permanently in the US.
The following steps must be taken in order to get a Green Card Resident Permit through the EB-5 Visa Program:
The EB-5 applicant first needs to identify an investment-worthy business concept. New commercial businesses or regional center projects are the two main types of EB-5 business projects. The project that best meets their criteria is frequently found by EB-5 investors with the aid of overseas migration agents. To proceed with the EB-5 procedure, applicants must also make sure they match the income requirements for qualified investors.
After choosing a project to invest in, the applicants must make the necessary capital investment in it. Instead of being $1 million, the investment must be $500,000 if the project is located in a Targeted Employment Area (TEA). These investments are frequently made into escrow accounts. An immigration attorney then provides USCIS with an I-526 petition as proof of this investment. USCIS typically notifies applicants whether their I-526 petition has been granted after 12 to 18 months. Most regional centers will return your money if your I-526 is denied.
In order to undertake the project supported by their EB-5 investment, the applicant must complete the third step of the EB-5 application procedure, which entails becoming a conditional resident of the United States for two years. Once USCIS has granted their I-526 petition, EB-5 investors are qualified to apply to become citizens of the United States. One of two methods can be used to get residency:
The EB-5 investor must submit Form I-485 to change their status to Conditional Permanent Resident if they already have Lawful Status in the United States.
The last phase in the EB-5 visa procedure is for candidates to lose their two year conditional status and become unconditional permanent residents. 90 days before the applicant’s second anniversary of receiving conditional residency, the I-829 petition must be filed with USCIS. This application demonstrates that the investor has complied with all EB-5 visa programme standards. Six to eight months after the I-829 is filed, USCIS typically awards a permanent green card.