When you begin to look into immigrating to the United States, you will run across many different paths you can take. One of those options is the EB 5 investor visa. This visa option requires making a business investment and running a business to maintain the visa.
There are many perks to this type of visa. For example, you are allowed to bring your family to the U.S. using it. Your spouse and any dependents under the age of 21 will not have to go through their own process to secure a visa if you get an EB 5. It also gives you a good chance at securing permanent residency in the country if you follow all the right steps. Here is a look at some EB 5 investor immigration information you will need outlining the eight steps you need to take to get this visa and then secure a green card for permanent residency.
- Choose an Investment
Your very first step will be to find a business in which to invest. You will need to have at least $500,000 to invest. However, if you choose to invest in certain areas, you will need $1 million.
- Directly Invest
You can choose to directly invest in a business that you find and create. This allows you to play a large role in the business and in ensuring it is a success. You will be very hands-on in this type of investment.
- Invest in an EB-5 Regional Center
You may alternatively choose to use a Regional Center investment program. This provides you with approved investments from which to choose. You may not be as in control over the business venture as with a direct investment. This is more hands-off, leaving you will some power but not all of it.
- Create Jobs
Remember that regardless of how you invest, you must create 10 full-time jobs. This is not optional because it is one of the most important requirements for the EB 5 visa. You have to show how these jobs will be created and that they can be maintained for at least two years.
- Obtain Green Card
Once you are ready, you will need to file the I-526, which is your application. It will need to be approved in order for you to get your EB 5 green card. You will then be a conditional permanent resident. The conditions are that you will follow all EB 5 rules and meet all the requirements.
- File the I-829
Your EB 5 visa is only good for two years, so after this time, you will need to file an I-829 or you could be deported. This form allows you to request a green card for permanent residence without the conditions of the EB 5.
- Maintain Residency
You need to maintain residency for at least three more years. You need a total of five years of permanent residency to meet the requirements for a 10-year green card.
- Get Your Green Card
After meeting all the requirement, you may then apply for your 10-year green card. This makes you a legal permanent resident of the United States.
The process to become a legal U.S. resident is rather long but well worth it. You must follow all the right steps to ensure you do face any issues.