How to apply for a US investor visa or EB 5 Visa? Who can apply for it? And the step by step guide to apply for this visa? Find out answers to all your question below.
The EB 5 visa or US Investor Visa program allows businessmen or migrant investors and their families to obtain permanent resident status in the USA by investing a certain amount of capital in the US economy so as to improve the economy and create jobs for the American people.
The amount to be invested is determined by the location of the business or enterprise. For new companies based in targeted employment areas; the minimum investment required is $500,000.
If you choose to invest in a new company anywhere outside this area, you will be required to invest at least a minimum of $1,000,000. This investment can be made via a regional centre. It may take the form of cash, inventory, equipment, tangible property or secured indebtedness.
Also, under this visa program, the investor’s spouse and unmarried children below the age of 21 years are also eligible for the visa.
Obviously, this is one of the fastest and quickest ways to obtain a Green Card. And one of the commonly asked questions today is how to apply for an EB-5 visa?
How To Apply For US Investor Visa (EB 5 visa) – A Step by Step Guide
An investor can apply for Green Card status for himself or herself, their spouse and unmarried children under the age of 21 via the EB-5 visa program.
The process is quite simple, but It is best to hire the service of an immigration lawyer to help you understand how to apply for an EB-5 visa.
Step 1: Determine where and how the investment is to be made
The first step to take is to apply for an EB-5 visa is to find a for-profit company you want to invest in. On the other hand, you may opt to invest in a regional centre. In a few cases, the amount to be invested may be required to be placed in an escrow account.
Step 2: File the I-526 petition
This is the initial request for a Green Card. It is advisable to ask an immigration lawyer to help out in completing this form. The application will then need to be filed with the USCIS or U.S. Citizenship and Immigration Services. In so doing, a Receipt Number will be allocated to track the application. Processing the application may take as much as 18 months.
Step 3: Apply for Lawful Permanent Residence or Adjustment of Status
When the request is accepted, the investor and his spouse and unmarried children can also apply for Lawful Permanent Residence if they reside outside the USA. But this is valid for a period of two years.
Additionally, an interview and a medical examination may also be required. If the investor’s status is to be changed, the I-485 form will need to be submitted with the USCIS.
Step 4: Apply for Unconditional Permanent Residency
Once an investor has condition resident status, he/she has only two years to make the necessary investment.
When after all conditions for the BE-5 visa program are met, the investor can apply for unconditional Permanent Residency. To apply for this, the I-829 form will be required to be completed and submitted.
This should be done at least3 months before the conditional resident status expires. Once approved the investor and immediate family will be granted a Green Card. This approval process can take about 8 months.
Step 5: Citizenship
The investor and his or her family can apply for US citizenship if they have lived in the USA for a minimum period of 5 years as a permanent resident.
How Much Does US Investor Visa (EB 5 visa) Cost?
Getting a US Investor Visa (EB 5 visa) is not an easy task, it cost a lot and it also depends on the process of how you apply for it.
Based on your profile to get US green card you and your family members will be assessed for admissibility. The EB-5 requires you to make an at-risk investment that creates, directly or indirectly Ten (10) US jobs.
Cost of obtaining EB-5 visa is $500,000 investment, $50,000 administrative fee and any miscellaneous expenditure. A total of $575,000 but expenses may vary depending on the route you take.