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EB 5 visa is a way that helps immigrant investors to move to the US if they make an investment in the economy of the United States. The United States Citizenship and Immigration Services, shortly known as USCIS, supervise the EB 5 immigrant investor program. This is an immigrant visa that is also known as the Employment-Based Fifth Preference Visa. This means that the holder of this visa is granted a green card that helps them to live as well as work in the United States permanently. In addition, it also helps the holders to bring their partner as well as unmarried children under the age of 21 to the US.

The latest changes in this program by USCIS have increased the number of applicants of this program in recent years. If you want to know more about the history of the EB 5 program, requirements, regional centers, and more, simply scroll down:

History

This visa program was created in the year 1990 by the US. The Immigration Act of 1990 created the program. IT delivers growth in the US economy via foreign investment. In 1992, Congress flashed more interest in this program by generating the Immigrant Investor Pilot Program, which brings the United States Citizenship and Immigration Services designated EB 5 Regional Centers. Moreover, Congress and USCIS have made numerous EB 5 reforms intended to avoid standardize application adjudication, fraud, increase the application process, and bring more staff to the program.

Requirements

There are several requirements that immigrant investors must meet to get an EB 5 visa. Investors are needed to invest in the United States business. Here, the investment amount should be $900,000 or $1.8 million, depending on the location you have selected to invest in. Regardless of the amount, the EB5 investment should hire at least 10 American workers. And, this investment should be made in an approved business entity. The applicants should also invest in RC or regional centers that oversee the EB-5 project.

Steps

There are four key steps included in the process. First, investors must locate the US business entity that they would like to invest in. Second, they should make their capital investment in the selected business, and it is necessary to submit an I-526 petition. Third, investors should get a conditional permanent residency that helps them to live as well as work in the United States to supervise their investment for two years.

Candidates will get 2-year conditional permanent residency once either the I-485 application is approved if the investor is already in the US or the DS-260 application if the investor is an outsider. And, the last step is, the candidate must prove that they have successfully met all the requirements by filing the I-829 application after two years. Investors will get unconditional permanent residency after the approval of I-829.

Citizenship

Investors have the opportunity to become United States citizens after completing the program. In order to qualify to become a US citizen, the visa holders must be permanent residents of the US for at least five years. After that, the visa holders can go through the naturalization process that allows them to become the United States citizen. Moreover, United States citizens can enjoy more rights than permanent residents. They have the rights to vote that permits them to join in federal, state, and local public elections. Sponsoring foreign family members is convenient for the citizens of the US. They will also become eligible for certain government benefit programs.

To gain more details, simply get in touch with a reliable immigration attorney.

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