Employment-based fifth preference visas, or EB-5s, allow foreign investors to become permanent residents of the United States. Created by the US Congress in 1990, this program aims to stimulate foreign investment in the US economy. It is advisable to seek guidance from an EB 5 immigration lawyer before applying for the program to ensure you understand all the related nuances and emerge triumphant.
Read Along to Further Understand the Critical Points of the EB 5 Visa Classification:
Investment Requirements
To qualify for an EB 5 visa, one of the initial requirements is that an individual must invest at least $10,50,000 in a new commercial enterprise and create approximately ten full-time job prospects for US workers. The investment can take any form, such as cash, equipment, inventory, and property, but the company must be located in a rural area or a regional center.
However, consulting with a competent US immigration attorney in India can provide you with better insight into how to increase your VISA prospects.
Benefits of the EB-5 Program
The EB-5 program is a relatively straightforward and fast way to obtain US citizenship by investment. One of the program’s key benefits is the relatively small amount of investment compared to many European countries. After the individual’s investment is through, they can apply for a Green Card valid for two years. Once they have completed these two years, they can apply again for a permanent Green Card.
The program also allows investors to bring their immediate family members, including spouse and children below 21 years of age, to the US. Applicants and dependents have the freedom to study and work in the country from day one. Additionally, you get visa-free travel across 172 countries after obtaining US citizenship.
Conclusion
Lastly, we would like to say that the EB-5 visa classification is a valuable option for investors seeking permanent residency in the US while contributing to the US economy. A good US immigration lawyer in Ahmedabad will help you review all the requirements and overcome any potential program challenges before making the final investment.
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