As a self-petitioner, you may wonder what the process is like to get an EB-5 green card. The answer to this question may surprise you. While it does not require an attorney or a huge investment, it requires a qualified lawyer and a substantial amount of money. If you want to learn more about EB-5 visas, visit the EB 5 visa attorney.
The EB-5 visa is a green card:
The EB-5 visa is an immigration visa based on investing in a U.S. business. The higher tier investment must be in a new or expanded U.S. business. The investment must be made by the investor alone. The USCIS will also consider the source of investment. It can be a salary, a sale of lawfully obtained assets, or a gift or inheritance.
It requires a substantial investment:
EB-5 is a type of immigrant visa that allows foreign investors to immigrate to the United States in exchange for a green card. Investors who qualify for EB-5 must invest a minimum of $1 million in a commercial enterprise in the U.S. or invest at least $500,000 in an economically distressed area. Investments must create at least ten full-time jobs and be in a management or policy-making position in the new enterprise.
It requires a qualified lawyer:
The USCIS has specific criteria for granting EB-5 visas. These requirements vary depending on whether you want to invest in a new business, restructure an existing business, or both. The investment amount must also be coming from you alone. You can provide evidence of your lawful source of investment. Examples of lawful sources of investment are salary or the sale of lawfully obtained assets. In addition, you must have an inheritance or gift that qualifies you for an EB-5 visa.
It is a self-petitioning visa:
An EB-5 visa is a self-petitioned visa that allows investors to immigrate to the United States. There are three different subcategories of EB1 immigration categories. Only one of these allows self-petitioning. This category is reserved for individuals with extraordinary abilities in science, business, athletics, or the arts. To qualify for this visa, an applicant must be an “outstanding” individual.
It is available to foreign nationals:
An Eb-5 visa is a green card available to foreign nationals who invest in a new or existing business in the United States. There is a cap on the number of visas issued annually, and a minimum investment of $500,000 is required for this category. Applicants must demonstrate that they have substantial business experience in the United States and are actively engaged in managing or formulating the company’s policies.