In 1990, the Congress initiated the EB5 green card program. The objective was to add more jobs to the United States market which in turn would help boost the economy. This program was first implemented in the year 1992 and since that time, it has been reauthorized as well. This particular visa is granted to individuals that want to invest in commercial enterprises in America and are able to create a minimum of 10 jobs via this investment. This program is beneficial not just to immigrants, but to US citizens too.
How to get an EB-5 Green Card
Careful planning and a significant amount of investment required for this visa, because you will be launching a commercial venture on foreign land. It’s important that you be aware of all the conditions and laws related to this visa before you actually make any investment.
The best course of action would be to consult with an experienced EB-5 Immigration Attorney.This professional will help you understand the entire process and follow the right procedures, which increases your chances of being granted this visa. Some things to keep in view are:
• Eligibility – There are very specific and stringent measures in place. Even if you are willing to make the investment and launch a business in the US, you would have to provide 100% disclosure of your financial situation. Once you get accreditation, you can then invest in the commercial enterprise of your choice.
You have the option to either start your own venture or invest in a business owned by someone else. The business you are invested in should operate within the framework of US laws. You would also have to create 10, full-time, permanent jobs for employees in the US and your direct investment should be $1,000,000 or above.
• Investment Options – The EB-5 Immigration Attorney you consult will provide you solutions and advice based on your circumstances, budget, and preferences. Most experienced immigration attorneys have a list of good investment opportunities for immigrants that are seeking an EB-5 visa.
You have the option to look for investment opportunities on your own as well. Put in some time and energy into investigating various business opportunities before you invest in any venture.
There are a number of benefits to opting for an EB-5 visa but it’s important that you get the right advice from an expert professional. Once you get this visa, you will enjoy all the benefits and rights that a US resident enjoys. You also get the freedom to work anywhere within the US as well as acquire US citizenship for five years.
Hiring the services of an EB-5 immigration attorney will smooth the path and improve your chances of getting this visa and realizing your dream of living in the US and setting up a business there. Aside from meeting the eligibility criteria, getting the paperwork right is very important and a good attorney will help you with all these different aspects.