With different visa options to choose from on your path to USA immigration, you may be considering an EB-5 visa. The EB-5 visa was first launched in 1990 to help the American economy by creating full-time jobs through foreign investments.
Immigration with this visa is an excellent way to become a permanent resident. It can also be faster than other paths to permanent residency. It can be tough to get an EB-5 visa. The approval process takes a long time, and you’ll need to be qualified to apply for it.
As such, it’s not a visa that anyone can get.
What Are the EB-5 Visa Requirements?
You must meet the EB-5 visa requirements to apply. Applicants must have capital to invest, invest in a new commercial enterprise, and be able to create jobs for a minimum of ten qualifying employees.
You can use equipment, inventory, cash or cash equivalents, or tangible property for capital investment. Furthermore, if you’re an investor seeking the EB-5 visa, you must be able to prove the capital is your own and that it has been obtained legally.
Documentation will need to show your foreign business registration records, personal tax returns, and other items.
Why You’ll Want an EB-5 Lawyer to Help
While you have more freedom with an EB-5 visa compared to other U.S. visas, you have more legwork to do to get approval. It helps to have an EB-5 lawyer to make your application process go more smoothly.
Since immigration laws change often, experts in this field will always have the most current information regarding updates to those laws. Hiring an attorney isn’t mandatory, but it’s a worthy investment to help you secure an EB-5 visa.
What Will an Immigration Attorney Do to Help You Get an EB-5 Visa?
As you embark on your journey to becoming a permanent resident in the U.S., an attorney can review all your paperwork to ensure you meet the USCIS requirements. There are time limits, especially if you’ve been rejected before.
In addition to changing immigration laws, filing fees change as well.
Even if you have everything filled out correctly on your forms, if you pay the wrong fee, you may be rejected. You won’t have this problem when working with an EB-5 lawyer since they will be sure that everything is done correctly.
One of the most frustrating things about the rules and regulations imposed by USCIS is that an unintentional error can set you back and delay your approval. If a problem arises, your attorney can address it promptly and get the process back on track.
While it is more difficult to get an EB-5 visa, those who work with an attorney from the start find it less of a challenge.
If you’re a foreign investor, you should use your money wisely and begin this process with an EB-5 attorney to help get you on the right path to becoming an entrepreneur in America.