Obtaining green card of the United States is not easy. But, by applying for EB-5 visa, you can make your dream of getting U.S. green card come true. Under the EB-5 immigrant visa, an immigrant needs to invest $1 million in a business venture in the U.S. After this investment, one becomes eligible to obtain green card of the U.S.
However, in order to obtain this visa, there are certain norms and conditions that should be met. Some of these conditions are mentioned below.
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Capital investment
Under this visa category, investor needs to invest the amount of $500,000 or $1 million. The least amount that is required to be invested in a project is $500,000. Another factor that should be considered with capital investment is the location where project will be started.
The capital invested should be in form of cash, inventory, equipment, tangible property, assets and cash equivalents. Besides these investment modes, investor cannot invest money in any other form.
Job creation for 10 American workers
The business started by means a EB-5 visa holder should be able to create jobs for at least 10 U.S. workers. If this term is not fulfilled, then immigrant visa will be disapproved. These jobs are to be created within the two years of time period after visa documents submission.
Setting up new commercial enterprise
In agreement to the above aspects, other aspects that should be considered to start a commercial enterprise are -
- It should be a new project.
- It should be a commercial venture.
- The company should not be solely for proprietorship, partnership, joint venture, corporation, holding company, a business trust, or other entity.
Managing the new commercial enterprise
Investing is not the only job of a foreign investor. They need to manage the business as well. They should be a part of the managerial control or a higher authority in company such CEO.
From the above information, you must have got an idea about all the aspects you need to keep in mind while making investment in America to start a new business venture and get a green card.
To obtain more information about EB-5 visa and US green card, you must contact the immigration lawyers of a renowned law firm like Wildes & Weinberg, PC. Their attorneys will explain the visa process, and help you successfully obtain the EB-5 visa and green card.
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