An EB-5 investor visa offers foreign investors seeking the flexibility to live and work in the United States an opportunity to obtain the green card they need to do so. Created in 1990, the EB-5 connects the issuance of a green card to the act of investment in U.S. business.
Individuals seeking an EB-5 investor visa must meet a number of complex legal and financial requirements. These include the investment of at least $1,000,000 (or $500,000 in a “Targeted Employment Area”), creating or preserving at least 10 jobs in the United States for workers other than the investor and his or her immediate family.
Originally, workers seeking green cards through the EB-5 program were required to create a brand-new business venture in the United States in order to qualify. Now, however, investments may be made in some existing business enterprises that generate jobs. An experienced attorney can help you determine which enterprises qualify.
Once the EB-5 petition is approved, the foreign investor and his or her family will typically receive permission for a conditional permanent residence in the United States, which is good for two years. During this two-year period, it is important to complete any investments necessary and to gather evidence that the job requirements have been met. Your attorney can help you complete these requirements within the mandated time frame.
At the Immigration Law Office of Los Angeles, P.C., our experienced southern California immigration law attorneys can help you navigate the complex immigration process. Contact us today at (800) 792-9889 to learn more.