EB-5 PROCESS. REQUIREMENTS FOR SUCCESSFUL EB-5 Investment of $1 million USD or $500,000 in certain...
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Transcript of EB-5 PROCESS. REQUIREMENTS FOR SUCCESSFUL EB-5 Investment of $1 million USD or $500,000 in certain...
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EB-5 PROCESS
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REQUIREMENTS FOR SUCCESSFUL EB-5
Investment of $1 million USD or $500,000 in certain cases Investment must be ‘At Risk’ Investor must have certain decision making ability in new enterprise.
Creation of 10 full time jobs for US Workers
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BENEFITS OF EB-5
Conditional Residency for initial 2 years for investor and immediate family
Free entry and exit of United States Resident based tuition for family
members No more visas at consulates US Citizenship in 5 years
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STEP 1 : INFORMATION GATHERING
Prove capability of investor- financial means
Demonstrate legal source of funds with documentation
Business plan to show requirements will be met within 2 years
Develop a story that is easy for USCIS to understand
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STEP 2: FILE I-526 PACKAGE WITH USCIS
Package to include forms and all evidence Fees: $1500.00
Current processing time about 13 months
Attorney handles all requests for information
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STEP 3: ADUSTMENT OF STATUS OR CONSULATE
After approval of I-526 submission for adjustment or consulate processing to obtain conditional residency USCIS Fees: Vary depending on originating
country and adjustment v. consulate Ranges from $500 - $1070
Conditional residency granted for 2 year period, after two years I-829 must be filed
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STEP 4: FILE I-829 FOR LONG TERM RESIDENCE
90 days before expiration of conditional residency, I-829 must be filed to prove original requirements were met ($1million and 10 Jobs)
USCIS Filing fees: $3,835.00 (plus $85.00 biometrics fee per
person)
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STEP 5: APPLY FOR US CITIZENSHIP IF DESIRED
After 5 years as long term resident, investor may apply for US Citizenship or may remain resident.
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QUESTIONS?