Everything You Should Know About EB-5 Visas Before Applying

Everything You Should Know About EB-5 Visas Before Applying

With such a robust and diverse economy, the United States has many entrepreneurs who want to permanently invest and live in the country. The EB-5 immigrant investor visa is an excellent opportunity to obtain lawful permanent residency by investing in a qualifying U.S. business. Hiring a qualified EB 5 visa attorney will help you secure your green card.

1: The EB-5 visa program was established by the United States Congress in 1990 to encourage foreign investors to come to the U.S. and invest in new, qualifying businesses. To become eligible for EB-5 visas, an investor must invest a minimum of $1 million in a qualifying U.S. enterprise. Currently, the minimum investment amount has been increased from $500,000 to $900,000 for investments in targeted employment areas and $500,000 to $1.8 million for other types of investment.

2: The EB-5 visa program has grown from relative obscurity to unrivaled popularity. More than ever, it is now in the news as local companies seek to inject foreign capital into their most recent projects, and wealthy investors seek admission without any prior employment offer. In contrast to other visa categories, there is no quota for EB-5, and this means that those who are eligible can apply right away without waiting to meet backlogged quotas based on job offers or family petitions.

3: One of the most common EB-5 visa fee payment pitfalls is not knowing how to proceed. Many investors will assume they can pay the fee at the consulate and be on their way. But this is a huge mistake and could make the entire process more complicated for them. This is where an attorney becomes invaluable. A qualified EB-5 attorney can help you navigate the immigration process and protect your investment.

4: When paying the EB-5 visa fee, ensure that you have the necessary documents translated into English. You may need to hire a certified document translation company to translate the documents into English. Fees for this service vary depending on the translation service provider and the speed. Once you’ve decided which pitfalls to avoid, you can begin your EB-5 visa application. Just have all the necessary documents translated and a business plan ready to go before you pay the fee.