An EB-5 visa, often referred to as an investor visa, permits foreign investors to obtain permanent residency in the United States by making a substantial investment in a US business. This investment must result in the creation or preservation of at least 10 full-time jobs for American workers.
Established by Congress in 1990, the EB-5 visa program aims to bolster the US economy through job growth and foreign capital investment. To qualify for this visa, investors must invest a minimum of $900,000 in a new commercial enterprise situated in a Targeted Employment Area (TEA), which typically encompasses regions with high unemployment rates or rural areas. Otherwise, the minimum investment is $1 million to $1.8 million. Within two years of gaining conditional permanent residency in the US, the investment should lead to the creation or preservation of at least 10 full-time positions for American workers.
In recent years, the EB-5 visa program has gained popularity among foreign investors seeking a pathway to permanent residency in the United States. It not only allows investors to diversify their investment portfolios but also provides access to the lucrative US market. Given the complexity and duration of the EB-5 visa application process, it is advisable to seek guidance from experienced immigration attorneys who can navigate you through the process and ensure a successful outcome.
The timeframe for processing an EB-5 Visa varies depending on individual circumstances. Typically, it ranges from 12 to 18 months, encompassing the duration needed for filing the I-526 petition (Petition by Standalone Investor), obtaining I-526 approval, and securing an immigrant visa or adjustment of status. Delays may occur in complex cases or due to processing backlogs, potentially prolonging the processing period.
At Awad & Khoury, we possess extensive expertise in assisting foreign investors in securing their EB-5 visas. We offer the legal counsel and support necessary to realize your goal of residing and working in the United States. Contact us today to explore how we can assist you with your EB-5 visa application.
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