Indus-Global.in can help you obtain an EB-5 visa and start your journey to U.S. citizenship.
The EB-5 visa program is a U.S. government program that allows foreign nationals to obtain a green card (permanent resident status) by investing in a new commercial enterprise that creates or preserves at least 10 full-time jobs for U.S. workers.
EB-5 Immigrant Investor Program (EB-5 visa) allows foreign investors, with their spouses and unmarried children under the age of 21 to get a green card by investing in the USA. The investor visa program is known as EB-5 because of its classification under USCIS (United States Citizenship and Immigration Services) employment-based fifth preference visa.
The primary requirement for the EB5 Visa program is an investment amount of a minimum of $800,000 in a new commercial enterprise in the United States. The USCIS-approved new project must be able to produce and hire 10 US citizens with full-time employment. Currently, there is an annual limit of 10,000 such visas with a per country limit of about 700 visas. This type of visa is increasingly becoming popular with wealthy foreign citizens who want to move to the US.
The EB-5 Visa Program timeline involves approval times for petition form I-526, Form I-485, DS-260, Conditional Green Card, and I-829 petition.
EB-5 investor program (EB-5 Visa) benefits include a lawful stay in the U.S., freedom to work and live anywhere in the United States; and opportunities for education and work for the applicant’s children.
Each year, the U.S. government makes approximately 10,000 new EB-5 visas available to investors and their accompanying family under the EB-5 Program. The reservation system created by the RIA (EB-5 Reform and Integrity Act of 2022) allocates a percentage of the approximately 10,000 EB-5 visas available every year, as follows:
- 20% for investors in rural areas (approximately 2,000 EB-5 visas).
- 10% for investors in high unemployment areas (approximately 1,000 EB-5 visas).
- 2% for infrastructure projects (approximately 200 EB-5 visas).
How was EB5 formed?
The EB-5 Program was created by the United States Congress in 1990 to stimulate the U.S. economy through foreign capital investment and job creation. In 1992, the Immigrant Investor Program was established by Congress, otherwise called the Regional Center Program. This program allocates EB-5 visas to applicants who invest in regional center-affiliated commercial enterprises approved by the United States Citizenship and Immigration Services (USCIS) to promote economic growth.
EB5 Reauthorization
According to the EB-5 Reform and Integrity Act of 2021, the EB-5 application Form I-526 and I-485 (Adjustment of Status) for a Green Card may be filed concurrently if the applicant is legally present in the USA. EB-5 Reform and Integrity Act of 2021 saves a few months to years on getting the EB-5 Green Card, if the applicant is present in the USA.
EB-5 Reauthorization was passed on March 2022 for EB-5 Program to be valid till the March 2027.
On August 25th, 2022, the EB-5 program was officially back in operation after several EB-5 industry stakeholders reached a settlement agreement with the United States Citizenship and Immigration Services (USCIS) that safeguards EB-5 investors and re-authorizes previously approved regional centers. All previously approved regional centers do not need to file for re-designation.
EB5 program process
The EB-5 Investor visa program is designed for offshore investors who, upon meeting the EB5 requirements, obtain a U.S. investment green card. Through this program, the applicants are able to bring their spouse and children (single and under 21 years of age) with them to live in the United States. To qualify for the EB5 immigrant investor program, the applicant must follow the specific EB-5 green card process steps.
First, the investor must choose an appropriate project that meets the requirements of the EB5 investor visa program. Selecting a qualifying investment is crucial, particularly if the applicant is keen on getting his petition approved. Second, once an appropriate investment has been chosen, the investor must file Form I-526, known as the EB-5 petition, with the USCIS. This form confirms that the investor has invested in a new commercial enterprise with a capital investment of $800,000.
Next, once the USCIS has approved the I-526 petition, the investor will be granted a conditional permanent green card for two years. This, however, differs if the investor is living outside the US or living in the US. For those investors living outside the US, the filing of Form DS-260 with a US Embassy or US Consulate is required. On the other hand, investors living in the US should file Form I-485 or the Request for Adjustment Status. The last step the investor should take is to file Form I-829, which is the petition to remove conditions. When applying for the removal of conditions, the investor must present proof that all the EB5 requirements have been met.
The EB-5 visa program is a great option for foreign nationals who are looking to immigrate to the United States. The program offers a number of benefits, including:
-A path to U.S. citizenship
-The ability to live and work in the United States permanently
-The ability to bring family members to the United States
-The ability to travel freely to and from the United States
-The ability to start or invest in a business in the United States
The US EB-5 Immigrant Investor Program requires a minimum investment of USD 800,000. Successful applicants are typically granted residence within 30–36 months.
United States of America Citizenship