The United States offers a unique opportunity for entrepreneurs willing to invest in the country’s economy. By investing in a commercial enterprise and creating or preserving ten full-time jobs for American workers, entrepreneurs can apply for a green card, granting them permanent residency in the US. In addition, the EB-5 Immigrant Investor Program is a path to citizenship for those with a significant investment.
ELIGIBILITY CRITERIA
To be eligible for permanent residency based on investment, applicants must meet the following criteria:
- An approved Form I-526, Immigrant Petition by Alien Entrepreneur
- Admissible to the United States
- An immigrant visa must be immediately available
Additionally, entrepreneurs must invest $1,000,000 or at least $500,000 in a targeted employment area (TEA), an area with high unemployment, or a rural area. If approved, USCIS may grant conditional permanent residency.
APPLICATION PROCESS
Living outside the United States, you can become a permanent resident through consular processing. USCIS will work with the Department of State to issue a visa on an approved Form I-526 petition when a visa is available.
If you live in the United States, you can become a conditional permanent resident through adjustment of status. Once Form I-526 is approved and a visa number is available, you can apply for conditional permanent residency on Form I-485.
FAMILY OF ENTREPRENEURS
Spouses and unmarried children under 21, known as derivatives, may be included on the immigration petition. If they are residing in the US, they will each need to file a Form I-485. They are also counted towards the annual cap of 10,000 visas.
WORK & TRAVEL AUTHORIZATION
When you have a pending Form I-485, you can apply for authorization to work in the US and seek advance parole, which is permission to travel and be admitted to the US upon your return.
FINAL THOUGHTS
The EB-5 program is an excellent opportunity for entrepreneurs looking to invest in the US and create jobs for American workers. If you want to apply for a green card through investment, carefully review the eligibility criteria and application process. With suitable investment and commitment, this program can lead to permanent residency and citizenship in the United States.
