Preparing for an EB-5 Visa application in 4 steps

 

One of the easiest ways for a foreign citizen to gain US citizenship is through the EB-5 investor visa. While there are many things that must be done to satisfy the requirements of this visa, in this article we will identify and elaborate on the 4 most important obstacles that applicants must overcome prior to completing their EB5 application.

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Preparing for an EB-5 Visa application in four steps

 

One of the easiest ways for a foreign citizen to gain US citizenship is through the EB-5 investor visa program. While there are many things that must be done to satisfy the requirements of this visa, in this article we will identify and elaborate on the four most critical steps that applicants must fulfill prior to completing their EB-5 application.

1) Secure the Necessary Money - The EB-5 visa can be acquired by satisfying any of the following:

a) Investing $1 million in an American business

b) Investing $1 million in a Regional Center located in a “non qualified” region and creating at least 10 full time US jobs ($500,000 if it is made to an area in urgent need such as TEA)

c)  Investing at least $500,000 in a designated Regional Center in a “qualified” region

 Based on these requirements we can immediately identify that without at least $500,000 available to invest, this visa is not an option.

2) Identify your Ideal Investment - All potential investors should take the proper time to find a business model in which they are especially interested in investing. Investors have the option of starting a new business, investing in a current business or making an investment in a Regional Center. All options should be seriously considered by any potential investors.

3) Gather the Proper Documents – There are many documents required to complete the EB-5 application process and potential investors are encouraged to have these documents ready beforehand, so as to avoid the risk of delays or penalties due to missing or lost documents. From financial records to all relevant documents of children and family members, make sure your documents are current and comprehensive.

4) Select an Experienced Immigration Lawyer –Potential investors are not advised to attempt the EB-5 process without experienced legal representation. Keep in mind that lawyer fees for the EB-5 typically approach $15,000, so this needs to be factored into Step 1. The immigration procedure is very litigious and going it alone can be overwhelming.

These four factors are just some of the issues that any potential EB-5 applicant must consider when beginning their application process. There will be more obstacles along the way, but in addressing these factors applicants will be preparing themselves for successfully attaining a green card visa and enjoying permanent US citizenship for themselves and their immediate family.

 

 

 

Click here if you are interested in learning more about the eb5 visa program, also known as the immigrant investor visa.

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