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With a US passport, people can visit 184 nations and territories without a travel visa or with a visa on arrival. Created in 1990, the EB5 Immigrant Investor Program, often known as the USA Golden Visa, aims to encourage foreign investment to boost economic growth in the United States. It provides qualified immigrant investors and business owners with an opportunity to get green cards or become lawful permanent residents.
To qualify for an EB5 visa, you have to finance a business that employs ten or more Americans with an investment of at least $800,000 in a Targeted Employment Area (TEA).
The choice of investing directly or through regional centers (RC) is entirely yours. These regional centers assist foreign investors in establishing connections with developers who need capital to launch their ventures.
The US visa requirements for an Investor Visa are
Examining a possible EB5 investment through due diligence is the process of doing so before signing a contract. By carrying out EB5 Due Diligence, investors can become completely aware of the benefits and risks associated with a particular EB5 transaction.
The total cost of the EB5 process includes the minimum investment amount of $800,000 for projects located in designated Targeted Employment Areas and $1,050,000 if located elsewhere.
Apart from the investment, investors should budget for an administration fee ranging from $40,000 to $100,000. Legal fees range from $15,000 to $25,000 and a USCIS filing fee of $3,675.
The EB5 policy was updated by USCIS in October 2023 as per the EB5 Reform and Integrity Act of 2022. According to the update, an EB5 investor can be reimbursed after two years as long as they continue to qualify for a US green card and create ten jobs.
Through the EB5 Investor Visa, foreign investors can settle in the United States. Applicants can obtain permanent residency for themselves and their families by making substantial investments in capital and generating employment. Examine the US business visa FAQ to learn more about US immigration laws.
From the time you file your application with the USCIS, the EB5 Visa application procedure takes about 13 months.
You will be first granted a conditional residency. This indicates that you can live, work, and study in the US for two years while the Green Card is valid. You can apply for a permanent residency (10-year Green Card), after two years.
You can live and work anywhere in the United States if you are granted an EB5 Visa. Living in the same state as the state in which you invested is not mandatory if you made your investment through a Regional Center.
Obtaining an EB5 Visa entitles you to citizenship in the United States. Before applying for citizenship, you must reside in the US for a minimum of seven years. After five years of holding “unconditional residency” status (the 10-year Green Card), you can qualify to become a citizen.
As an EB5 visa holder, you will be able to take advantage of healthcare in the United States.
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26 September 2024Sign up for free and be the first to get notified about new posts.
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