The EB-5 program offers a chance to boost the American economy and create jobs. Applicants may engage in innovative or risky businessventures and generate ten full-time qualifying positions to be eligible. When a location is in danger, and the new investor will offer a working establishment full-time job, the U.S. economy gains the most.
Three requirements must be fulfilled for applicants to be qualified for an EB-5 investor visa:
- Investing of money
- Funding a brand-new business venture
- Employ at least ten qualified workers.
A stand-alone program or a regional centre program can satisfy the requirements.
EB-5 Requirements: Capital Investment
There are numerous options for candidates to provide capital, such as:Cash, inventory, equipment, tangible property, cash equivalents, and debt secured by the immigrant investor's assets are just a few examples.
The fair market value of capital assets should be indicated following the U.S. dollar system. An investor must demonstrate that the money they contribute is theirs and was obtained legally by doing the following:
Personal tax returns, foreign business registration records, other sources of funding, and certified copies of pending civil or criminal lawsuits brought by the government or private parties
There cannot be a promise of return for an investment to be accepted; the immigrant entrepreneur must put their money at risk. Impermissible debt, also called unguaranteed debt, does not guarantee repayment.
The investor's cash must be used to make EB-5 investments. Money in the applicant's bank account does not qualify as an investment for the new firm if they are a lone owner in a non-regional centre; funds must be in a commercial bank account.
Money from EB-5
The EB-5 program has undergone certain updates since November 21, 2019, including raising investment caps to account for inflation.If the petition's filing date is earlier than November 21, 2019, the following minimum investment requirements must be met: $1,000,000, $500,000, and $1,000,000 for high-employment areas.
If the date of your petition filing is after 11/21/2019: $1,800,000 as the minimum investment, $900,000 for investments in targeted employment areas, and $1,800,000 for investments in high-employment areas.
The EB-5 Visa Procedure: Get An EB-5 Green Card
You must carry out the following actions to apply for the green investment card:
- Fill out Form I-526 to petition for immigration expressly as an investor. This form must be mailed to the USCIS Dallas Locked safe facility, costing $3,675.
Form I-526 accepted
- Submit Form DS-260 when entering the United States from abroad.
If you are currently in the country and want to apply for permanent residence or change your immigration status, you must submit Form I-485.
- You must submit Form I-829 within 90 days before the expiration of your EB-5 visa after two years. This visa costs $3,750 plus an $85 biometric service fee. This petition requests the termination of your conditional permanent residency.
Evidence to Support the EB-5 Visa Process
Your Form I-526 must include all documentation necessary for an EB-5 visa:
- The company must be a brand-new business.
- Evidence that you are managing or will manage your business investment
- Documentation of capital investment
- Proof of job growth
- Minimum 2-year business preservation
You must submit proof on Form I-526 to qualify for a TEA. Using Form, I-924, you can also invest in a particular Immigrant Investor Regional Center.
You must include the following along with your I-829 Petition:
- Proof of an organization's viability
- Documentation that you have or will generate ten full-time roles using I-9 forms from employees and payroll.
It is also in your best interests to submit a thorough business strategy. The more information you provide about your company, the more probable you will be viewed as having a thorough and reliable business for an investment visa in the USA.
