EB-5 Visa Regional Centre Program Is Paused Awaiting Re-Authorisation
Updated: Oct 26, 2021
Meanwhile, don't get caught out unprepared and unable to file your application at $500k, as happened to many applicants in the June window.
To ensure your application is ready, should a $500k window open for a short period, as it did from June 23 to June 30, your lawyer (immigration consultant) can begin preparing your application in anticipation of re-authorisation.
If the program is not re-authorised in the improbable event, your lawyer will switch your EB-5 application effort to Direct EB-5. Direct EB-5 has a higher denial rate and overall is less attractive than the Regional Centre EB-5 program. The relative popularity is 10%:90%. For those whose applications are successful, the green card immigration outcome is the same.
The EB-5 Immigrant Investor Program enables you and your family to qualify for a U.S. Green Card without having to set up and manage a business. By investing $500,000 through a 'Regional Center' into a qualifying investment, you have the security of permanent U.S. Residency (U.S. Green Card) without repeated visa applications.
As U.S. Green Card holders, investors and their dependents have the right to live, work and study anywhere in the United States. All applicants (including children) have full access to the U.S. educational system as U.S. residents. After five years of entering the U.S., it is possible to apply for U.S. Citizenship.
Residency Invest assists investors and their families through the entire application process to ensure you meet the requirements for EB- 5 visa. From helping identify a qualifying EB-5 project to assisting with the document preparation and meeting all the families' relocation needs. Although most investors tend to apply through the Regional Center EB-5 programme, we can still assist investors who wish to invest directly into their own
Business, either through EB-5 visa or through the E-2 Visa route. EB-5 gives your family the security of Permanent U.S. Residency without repeated Visa applications
EB-5 Visa Benefits
$500,000 Investment into qualifying project of your choice
U.S. Green Card for Investor, Spouse and Children under 21 years old
The right to live, work, study or set up a business anywhere in the U.S.
Children have full access to the U.S. educational system
Long established government program, created in 1990
The fastest route to becoming a U.S. Green Cardholder
U.S. Citizenship can be applied for after five years.
Requirements for EB-5 Visa
Residency Invest has become the leading provider of EB-5 applications in India and the Middle East. With 100% approval on all adjudicated EB-5 applications, we have successfully assisted many families in achieving their goal of becoming U.S. residents through the EB-5 immigrant investor program.
Whether to provide children with the best education and job prospects or to relocate the entire family, the EB-5 immigrant investor program allows investors and their immediate families to become U.S. Green Card holders when investing in the U.S. Economy.
The investor must invest a minimum of $500,000
The investor must provide proof that the funds were legally obtained
The investment must be 'at risk,' as all investment is.
The investor, and any family, must not have any criminal record
Any children must be under the age of 21 at the time of application
EB-5 Visa Process
Step 1 – Consultation with Residency Invest EB-5 Consultant Upon successful eligibility check, we will share full EB-5 details, document checklists and examples of current EB-5 projects.
Step 2 – Start Preparing Documents for the i526 Petition
Along with your immigration attorney, we will assist you in preparing required biographical documents, source of funds documents, and project documents for the i526 Petition.
Step 3 – Finalise EB-5 Project Subscription Documents – Transfer funds When you have finalised your EB-5 project choice, we will assist you in completing the subscription documents. Once your immigration attorney gives you the green light, you can transfer $500,000 plus the administration fee to the project Escrow account.
Step 4 – Submit the i526 Petition Your immigration attorney will finalise and submit your i526 Petition to USCIS in the U.S.
Step 5 – i526 Approval On average, i526's are currently taking 24 months to be approved by USCIS. Once the approval notice is received, your immigration attorney will notify us.
Step 6 – Consular Processing After the i526 Approval, it typically takes around 4-6 months to wait for an interview at the U.S. consulate in your home country or country of residence.
Step 7 – Travel to the U.S. and collect Conditional Green Card Upon successful interview at the U.S. Consulate, you will be given a travel permit to fly to the U.S. at a port of your choice and collect your two-year Conditional Green Card.
Step 8 – Apply for i829 Petition – Removal of Conditions Three months before your two-year Conditional Green Card is due to expire, you will apply for the i829 Petition. In this step, you will need to demonstrate that the money remained invested and 'at at risk' for the entire two years Conditional Green Card and that ten jobs were created. Upon i829 Approval, you will be given a Permanent U.S. Green Card.
Step 9 – Apply for U.S. Citizenship – Optional Five years after the first day of entry into the U.S. (step 7) – you may be eligible to apply for U.S. Citizenship.
EB-5 Visa Update
President Biden reaffirms his enthusiasm for migration to the U.S.
President Joe Biden again shows his enthusiasm for talented foreigners bringing their skills to the U.S.
The Biden administration reverses the former Trump administration's intention to withdraw the International Entrepreneur Rule (IER) entrepreneur visas for international entrepreneurs, AKA the Start-up Visa Program.
This bodes well for the continuation of the EB-5 job-creating investor visa Program beyond June 30.
EB-5 is of particular importance to wealthy immigrant families as it is a straight-forward Green Card immigration visa leading to permanent residency and the option of a U.S. passport and citizenship. For young people choosing higher education in the U.S. residency confers lower education costs and higher U.S. salaries.
More Great Dubai Route Stories
U.S. Donates Two Field Hospitals to St Kitts and Nevis
dnata Travel Group Brands Win Seven Accolades at World Travel Awards Middle East 2021
Ain Dubai Opening Weekend: All You Need to Know
MBRSC Announces the Launch of Space Ventures for Startups in Space Sector
Japan Pavilion at Expo 2020 Dubai Hosts Japanese Astronaut Yamazaki Naoko During Space Week
Stay Ahead of the Curve
Unlock the GCC's Leading Source of Business and Analysis
Dubairoute.com provides innovative marketing and advertising solutions to support an advertiser's specific campaign objectives. Customised programs leverage the best of Dubairoute.com. Contact our sales team today and see what our team can do for your custom advertising solutions.
Please include a contact number if you are willing to speak to our sales team. You can also get in touch in the following ways:
Disclaimer
Global Business, Financial News, Market Data, and Analysis published here are delayed 24 hours. All the published information, analyses, and conclusions are based (unless sourced otherwise) on external information and Dubai Route Group's experts' judgment. They are intended as guides only and should not be construed as definitive forecasts or guarantees of future performance or results. No responsibility or liability is accepted by any person, including Dubai Route Group or its affiliates and their respective officers, employees, or agents, for any errors or omissions.
For all the latest lifestyle news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and follow us on Instagram, which is updated daily.