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EB-5 Investor Visa Program USA – Requirements, Eligibility & Application Process

May 3, 2024

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Obtaining permanent residency in the United States is a highly sought-after aim for many people across the globe. Every year, millions of people are drawn to the US due to the American Dream, which promises freedom and opportunity, and the ability to create a lucrative lifestyle. There are several ways to go about achieving this goal, with one option, the EB-5 Investor Visa program.

1. What is the EB-5 Investor Visa?

What is EB 5 Investor Visa

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Regulated by the U.S Citizenship and Immigration Services (USCIS), the EB-5 Programme is a method of obtaining a green card within the US. Otherwise known as the Immigrant Investor Programme, it allows qualified investors who meet specific requirements regarding capital investment and job creation requirements to obtain permanent residency in the United States.

The EB-5 investment visa requires each investor to demonstrate that a minimum of ten new jobs were created or saved as a result of the EB-5 investment which should total to a minimum of $1.8 million or if the funds are invested in certain high-unemployment or rural areas, this can be reduced to a minimum of $900,000.

Obtaining a US Golden Visa is subject to background checks and national security screenings, as with any other visa category. In every case, a potential EB-5 investor needs to demonstrate a lawful source of funds, which adds an extra layer of security to this visa method compared to others.

2. EB-5 Visa Requirements and Eligibility

To meet the eligibility criteria for an EB-5 investor visa program, the following requirements must be met:

  • You must create at least 10 new full-time jobs for at least 2 years. If you are unable to prove that your investment has created these positions, then you should provide proof that 10 new full-time jobs will be created and when.
  • All investment funds that are being used needs to be verified and confirmed to be legally acquired.
  • The enterprise for investment must be a new ‘for-profit’ business, established after 1990

3. How to Apply for the EB-5 Investment Visa?

EB-5 visa investments are deemed to be in the national interest, due to the ability to create new jobs and commercial businesses within the US. This results in the visa process only taking two to six months, rather than several years as other visa methods do, making the EB-5 process the quickest visa process possible in the United States.

The EB-5 application process consists of the following steps:

  • Step 1 – The EB-5 applicant must find a suitable project which they believe meets the programme requirements. If you are looking for the fastest application possible, then this would be through locating your project in rural and high-unemployment areas.
  • Step 2 -Once the applicant’s investment is chosen, the immigration attorney will file your EB-5 petition, which is otherwise known as Form 1-526. This will prove that the applicant has invested or is in the process of investing the required capital and that they meet the rest of the EB-5 visa requirements.
  • Step 3 -Once the applicant’s petition is approved, this will allow conditional permanent residency to be attained, allowing the investment to come to fruition.
  • Step 4 -The final step in the EB-5 visa process is for the applicant to become an unconditional permanent resident within the United States. In order to achieve this status, the requirements for the visa must be met and an I-829 application needs to be filed, adjudicated, and approved.

For the application to be made, the following documents are required for EB-5 Visa :

  • Proof of conditional permanent resident card
  • Evidence that a commercial enterprise was created via federal tax returns
  • Documentation that the new commercial enterprise was funded by the applicants capital investment
  • Documents to prove that the commercial enterprise was maintained throughout the whole two year conditional residency period
  • Proof that at least 10 full-time jobs were created
  • Biometric documents, including fingerprints, photographs etc.
  • If applicable, any legal documents that pertain to the applicant’s criminal history

Providing this information will show that the applicant has met all of the requirements of the EB-5 visa and is therefore now eligible for the EB-5 green card. This will allow permanent residency for 10 years, which can be renewed at any time.

For more information on visa processes, whether that be in the United States, Europe or elsewhere, please get in contact with us here at Passport Legacy, where we can assist you on processes and guide you through the best application for you. Find out more information here.

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Passport Legacy is a trusted residence and citizenship by an investment firm recognized for delivering best immigration services globally. Passport Legacy specializing in citizenship and residence by investment programs, comprises internationally licensed lawyers, investment advisors, and immigration experts. Our dedicated team of professionals are recognized for delivering the best dual citizenship,passport and visa services. Trust Passport Legacy to be your reliable partner to support on your path to a successful global future.

Frequently Asked Questions (FAQ’s)

What is the difference between citizenship and residency by investment programmes?

Citizenship by investment programmes may not require physical residency and can grant citizenship within 2 to 6 months. Residency by investment programmes grant residency within 3 months but not citizenship. To obtain citizenship through residency programmes, applicants must comply with legal requirements, such as residing in the country for a certain time and paying taxes. However, not all residency programmes lead to citizenship, as it's at the discretion of the government.

How much does it cost to apply for a second passport?

The minimum investment for a second citizenship by a single applicant is USD 100,000 which is the cost associated for for St. Lucia and the Commonwealth of Dominica's CBI programmes. Please contact us for an exact price breakdown.

Do we need to pay the full amount upfront?

Passport Legacy's CBI programmes require payment in three installments. The first payment is 5%, the second payment is 25%, and the final payment, which amounts to 70% of the total cost, is due after receiving Approval in Principle.

What documents are required?

To start the process, applicants need to provide us with KYC (know your customer) documents such as a passport copy, birth and marriage certificates, police certificates, bank reference, and health clearance. Some documents may require translation or legalisation, but our client advisors will guide you through the process.

Do I need to renounce my original passport?

Acquiring a second citizenship by investment in any country does not usually require renouncing one's original nationality under the citizenship law of the country where citizenship was obtained through investment.

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You can reach us by phone or email anytime. We currently have offices in the UAE (Dubai), Nigeria (Lagos and Abuja), Lebanon (Beirut), Singapore and Pakistan (Lahore). We are due to open a branch in Europe in the near future.

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