Magazine

Is EB 5 Visa for Me? Becoming a US Permanent Resident Through the EB-5 Program 2024

Is the EB-5 Visa for you? Explore becoming a U.S. Permanent Resident through the EB-5 Program in 2024 with comprehensive insights and tips.

last updated Tuesday, May 14, 2024
#EB5 Visa Permanent Residence in USA #eb-5 Visa Eligibility



John Burson     Subscribe
Untitled

CONTENTS

To be eligible for the EB-5 visa and EB5 Visa Permanent Residence in the USA, you must meet the following 3 essential requirements and EB-5 Program Updates:

  1. Be able to fund a $800,000 investment into a U.S. project or business
  2. Have no U.S. immigration violations or criminal background
  3. Be able to document that all investment capital is legally sourced  

The process of becoming a US Permanent Resident through the EB-5 investment program is made up of a few key steps. Retaining EB-5 investment attorneys is critical in securing permanent residence as the journey begins for a foreign investor.

The I-526 Petition

The initial step in the Employment-Based Fifth Preference (EB-5) Immigration process involves demonstrating the lawful source and path of the investor's funds to get a US Permanent Residency. 

Depending on the project's location, the U.S. Citizenship and Immigration Services (USCIS) mandates an investment of $800,000 or $1 million. This step requires submitting proof of funds, tax returns, the funds' origin, and foreign business registration records. 

Learn more about EB5 Investment Amount

Moreover, proof is needed to show the creation of at least 10 new jobs (excluding the investor and their immediate family), the establishment of the commercial enterprise in the targeted employment area, and the active involvement of the EB-5 investor in the business for best Immigration Pathway to the US. 

Upon submission of these documents and the application fee by our attorneys, the investor will receive notification regarding the approval of their application after fulfilling the EB 5 visa requirements.

The Consular Interview

In the  EB-5 Visa Process, Once your I-526 petition receives approval, it moves to the National Visa Center, marking the start of consular processing. This phase is crucial to confirm that the foreign applicant has no inadmissibility issues.

Paperfree EB5 specializes in EB-5 investment law and simplifies the petition and interview processes. With proficiency in over a dozen languages, our team is well-equipped to navigate through potential hurdles for the interview questions under the guidance of our EB-5 investment attorneys to secure approval.

However, thorough preparation for an investor visa eb5 and with the proper documents at hand is critical to a successful outcome.

Removal of Conditional Green Card

The guidelines from the U.S. Citizenship and Immigration Services (USCIS) state that Form I-829 should be filed within the 90 days leading up to the second anniversary of your admission to the U.S. as a conditional permanent resident, known as the best American investment visa.

Proof of your investment in a new or struggling commercial enterprise must accompany this form. Such evidence can comprise organizational documents, federal tax returns, and documentation like bank statements, invoices, contracts, and financial statements, all demonstrating that the total investment amount was maintained over two years.

Is EB-5 for me?

When considering the EB-5 program, it's crucial to have info about EB-5 Program Requirements, access to accurate and up-to-date information, and reliable assistance in navigating the complex application process. This is where PaperFree.com can be an invaluable resource for EB 5 immigration.

As a comprehensive online platform, PaperFree.com provides a wealth of information on various business and immigration topics, including the EB-5 program.

Their user-friendly interface and extensive resources can help you understand the intricacies of the EB-5 process, making your journey toward U.S. permanent residency more manageable and informed. With PaperFree.com, you can access the latest developments, insights, and tools needed for a successful EB-5 application.

The decision to pursue a visa or residency in the United States can arise from various personal and professional aspirations. Here are some of the common motivations driving individuals to explore these options.

  • Parents seek a brighter future for their children, particularly regarding access to superior schools and universities where their offspring can flourish to get visas for investors in the USA.
  • Individuals aspiring to gain U.S. citizenship, with the EB-5 program offering a pathway to naturalization and a U.S. passport.
  • Expatriates in countries where long-term citizenship is not an option seek more permanent residency alternatives.
  • Those desiring to invest in exchange for a safer living environment for their families.
  • People aim to leave their home country due to financial instability or social turmoil.
  • Business owners outside the U.S. want to enhance productivity and break into U.S. markets for growth and expansion.
  • Existing entrepreneurs in search of new business prospects and resources.
  • Individuals seeking access to superior medical and healthcare services.
  • Students pursuing higher education who are looking to secure a prosperous future post-graduation.
  • More affordable education options, like loans or grants, are potentially accessible for legal permanent residents to get visas for US Residency.
  • Individuals seeking greater employment opportunities.
  • Those aspiring for a higher standard of living.
  • Suitable for nationals from countries without a Treaty Trade Agreement with the U.S., offering an alternative to E-1/E-2 visas.
  • Business-minded entrepreneurs in search of broader opportunities.
  • Inventors aim to patent and develop their inventions in the U.S. and oversee their growth locally.
  • Medical professionals preparing for the USMLE exam potentially increase their chances of matching with U.S. hospital residency programs.
  • Expatriates from countries that don't offer long-term citizenship options.
  • Individuals who don't qualify for other types of U.S. visas.
  • People interested in working in financial sectors like the New York Stock Exchange or seeking U.S. government jobs, aiming for a more substantial foothold in the U.S.

EB 5 vs E 2 vs L 1 Visas

Side-by-side comparison of Investment options in the U.S.

E-2 L-1

EB-5

Investment Amount
No minimum.
Any amount sufficient to buy or create a business for the immigrant investment program
No minimum.
Any amount sufficient to buy or create a business
$800,000 at TEA* zone

$1,050,000 outside TEA
Gifted Investment Yes Yes Yes
Borrowed Investment (Loan) Yes (specific rules apply) Yes (specific rules apply) Yes (specific rules apply)
Investment Location Any Any TEA (Targeted Employment Areas) or outside TEA
Job Creation Requirements Not required. However, investors must
follow the Business Plan closely
Yes. The investor must follow the Business Plan closely

Regional Center Investment: 10 direct or indirect jobs 

Direct investment: 10 direct jobs

Investor’s Role An investor has the option to hire a manager. Otherwise, they must be involved in day-to-day operations. Management/ Executive/ Key Employee

Regional Center Investment: No active role requirement.

Direct investment: must be involved in day-to-day operations or hire a manager.

Option to purchase an existing company Yes Yes

N/A

Regional Center Investment: No.

Direct investment: Yes.

Investor’s Overseas Employment Required Prefer to have similar business as with E-2 entity Yes, one year out of the last 3-years

No

Regional Center Investment: No.

Direct investment: Yes.

Country Yes. Must be from a Treaty Country Any (if the foreign business is in certain countries like Iran there are restrictions) All countries qualify
Required to have a company outside the United States No Yes No
Timeline** Usually 2-4 months 4-6 months.
Expedited, 15 business days is available
Avg. 2-Years
Nationality Specific
U.S. Green Card (LPR) May convert to EB-5
only if investment grows.
May also qualify under EB-1C (consult U.S. lawyer)
Managers & Directors may qualify for LPR after 1-yr of entry under EB-1C (consult U.S. lawyer) Yes, upon entry
Fast Track Yes, if change status in US;
No, if filing from abroad
Yes (optional) for USCIS approval, followed by regular Consular processing (if abroad); if changing status is available for the petition, after which application for adjustment of status if in the US No
1st Visa Issuance 2-years (most nationals) Depends on the type of L-1
(consult U.S. lawyer)
Starts with 2-year conditional LPR
Maximum Length Renewable as long as the business is running.
Children over 21 do not qualify for renewal
5- 7 years old (consult U.S. lawyer).
Children over 21 do not qualify for renewal
Permanent, upon approval I-829
Who is considered the Investor’s Family (Derivative) Spouses & Unmarried Children under 21 Spouses & Unmarried Children under 21 Spouses & Unmarried Children under 21
Can Your Derivative Work? Yes Yes Yes
Can Your Derivative Attend School/University? Yes Yes Yes
Employment for investor Immediately upon entry Immediately upon entry Immediately upon entry

*TEA: Targeted Employment Area refers to “a rural area” or an area that has experienced unemployment of at least 150% of the national average rate; TEA zones are determined by USCIS, beginning Nov/22/2019

 **Average processing time from the receipt dates. Subject to change without further notification.

FAQ About Eb-5 Visa Residency Requirements

Who’s eligible to apply for an EB-5 Investment Visa?

Suitable for those with legally acquired funds. Ideal for an investment immigration program with a verifiable financial source.

What are the options for investments?

Two primary investment routes are available: Direct Investment and Indirect Investment via Regional Centers.

How many visas are issued each year?

Annually, a quota of 10,000 visas is allocated. Each fiscal year sees this fixed number of visas issued for Investor Immigration Options.

What is the minimum capital investment amount?

Investors must commit $800,000 in a Targeted Employment Area (TEA) or $1.05 million in non-TEA regions. The investment threshold varies based on the project's location.  Learn more about EB5 Investment Amount.

Are there any other charges and costs apart from the investment amount?

Indeed, there are additional charges and costs beyond the primary investment amount. These extra expenses are part of the overall process.

Is my investment secured?

By its nature, an EB-5 investment is required to be "at-risk." This inherent risk is a defining characteristic of the program.

Do I earn any interest from the project’s investment?

The extent of risk is contingent on the specific project, typically remaining minimal. Project-dependent, the associated risk usually stays relatively low.

Do I have to run the business myself?

In Direct Investment, a managerial role is necessary, though appointing a business manager is also an option. A hands-on management position is required, with the flexibility of employing a business manager.

Do I need to create jobs? If yes, how many jobs do I need to create?

Indeed, creating 10 full-time jobs is required until your permanent green card is acquired. Maintaining these employment positions is essential until permanent residency is secured.

What is the timeline to get to the U.S.?

The duration is about 2 to 3 years, though this timeframe is subject to change. The processing period is approximately 2 to 3 years, but it can vary at any time.

Does the amount of investment affect the speed of the process?

The size of the investment does not influence the speed of the process. The investment amount has no impact on the processing timeline.

Is there an expedited processing option?

Typically, there isn't an option for expedited processing. Generally, an expedited process is not available.

Is education/ Marital Status/ Number of children essential to get an EB-5 Visa?

Educational background, marital status, or number of children are generally not crucial factors for obtaining an EB-5 visa. These personal attributes usually don't impact EB-5 visa eligibility.

What’s my first step?

Your initial step should be selecting a qualified attorney. Begin by choosing an appropriate attorney for guidance.

When and where do I need to invest?

It's advisable to finalize your investment before filing. The investment should be directed towards a project or your own business.

Do I have to live near my investment?

Managing your own business could lead to residing near it. Operating your business personally may result in living nearby.

How long must I stay in the U.S. to get my passport?

You must reside in the U.S. for at least 30 months within 60 months, ensuring no exit and entry gap exceeds 12 consecutive months. The requirement is to stay in the U.S. for a minimum of 30 out of 60 consecutive months, with no single absence extending beyond 12 months.

Can I purchase houses, cars, etc.?

You have the flexibility to acquire properties, vehicles, and other assets. Yes, you can purchase homes, cars, and other assets.

Can I have my corporation?

You have the option to establish your corporation. Yes, you are allowed to have your corporation.

What’s my tax obligation?

Your income determines the tax implications. It is advisable to seek guidance from a Tax Attorney or a Certified Public Accountant (CPA) for precise advice. Tax implications are contingent on your income, and consulting with a Tax Attorney or a Certified Public Accountant (CPA) is recommended for professional guidance.

Are there any health care benefits?

An EB-5 green card shares similarities with a standard conditional two-year green card. The obligation to remove residency conditions arises within 90 days of the second anniversary of receiving your conditional green card. It grants you the freedom to reside and work anywhere in the United States, enabling you to secure medical insurance and access healthcare services like other permanent residents.

PaperFree Guide For You

Whether you're a seasoned investor or new to the EB-5 process, our guide is designed to streamline your journey toward securing your green card. Explore the PaperFree EB5 Guide today and embark on your path to a brighter future in the United States.

 
 
 

Subscribe to Paperfree Magazine

EB5 Visa Consultants by Paperfree EB5 Program

Get dedicated service, from finding the right information to complex investment challenges.


eb5 visa consultant


EB5 VISA CONSULTATION


Real estate investment strategies



Add Content to Magazine