It is not an easy task to obtain green card for the United States. The United States, like other countries, offer lawful permanent residency to wealthy people and those who are eligible and meet the requirements.
By applying for EB-5 visa, you can stand eligible for green card. Under the EB-5 immigrant visa, an immigrant needs to invest certain amount in a business venture in the U.S. After this investment, you may become eligible to obtain green card of the U.S.
The EB-5 investor visa program allows foreigners after they invest in a U.S. business to obtain a green card and become lawful permanent residents.
Applicants for a green card through investment should not only invest $1 million in a new or expanded U.S. business, they should also actively participate in the business. However, they do not need to actually control the business, but maintain your investment for at least three years and actively be engaged in it. The business can be located anywhere in the U.S.
The business must make use of at least ten full-time workers and benefit the U.S. economy. It should be involved in full-time employment of at least 35 hours of service per week.
There are certain norms and conditions that should be fulfilled to obtain the green card. Some of these conditions are mentioned below.
Capital investment
Under this category, investor needs to invest $500,000 or $1 million. During the capital investment the factor that is considered is the location where the project will be started. The capital invested can be in form of cash, equipment, property, inventory and assets etc. Besides these investment modes, investor cannot invest money in any other form.
Invest in a Regional Center
A regional centre is an organization that has been approved as such by the service, particularly and investment opportunity approved by USCIS. To be eligible an applicant must meet the following criteria:
• Make an investment of US$ 500,000.
• Full time employment for qualified U.S. workers, allowing indirect employment.
• Lively management of the enterprise not compulsory.
Job creation for 10 American workers
The business started by an individual by means of EB – 5 visa holder should provide jobs to at least 10 U.S. workers. The immigrant will be disapproved if it fails to fulfil this term. After the visa documents are submitted these jobs are to be created within two years of time period.
Investor Obligations
The individual applying for EB-5 visa should prove that the invested funds were obtained through legal means such as employment, business ownership, investment or a gift. USCIS want the proof of last 5 years of tax returns from the investor’s country and to show that how the investment funds were obtained.
Setting up new commercial enterprise
To start a commercial enterprise the other aspects to be considered are:
• A new or expanded project
• It should be a profitable venture.
• The company should not entirely be a partnership, joint venture or other entity.
Managing the new commercial enterprise
The only job is not to invest but also to manage the business as well. They should be a part of the decision-making control or a higher authority in company such CEO.
The above information will help you while making investment in U.S to start a new business venture and obtain a green card. For easy accessible information and systematic process, you can contact the immigration lawyer of a renowned firm like Wildes & Weinberg, PC. The lawyers at the firm are experiences and will support you through the whole visa process.
No comments:
Post a Comment