Lately, we are hearing news of an immigration calamity lately, seems like a movement has started of undocumented immigrants, especially youngsters, come across the United States’ southern border. Of course, settlement in the country, both legal and illegal, is not something we never heard of, and whatever the mode and stimulus for entry, when people have an urge or desperate desire to stay here perpetually, it comes down to acquiring the one thing that can make all this possible and that’s a green card. It will definitely not to you as a shocker when you learn that this can be a tricky and costly process.
The EB-5 Program?
In 1990 Congress created a program call the EB-5 program, it was started in order to stimulate the U.S. economy through increasing employment rate and capital investments by foreign or immigrant investors. USCIS manages the EB-5 Program. Through this program, entrepreneurs and their significant other and unmarried off springs under the age of 21 are qualified to apply for a green card which will help them acquire permanent residence in U.S. and the EB-5 visas are issued each year if and only if they:
- Make the essential investment in a profitable enterprise in the United States;
- Plan to generate or reserve 10 stable full-time jobs for qualified U.S. employees.
Can you get EB-5 VISA?
Am I eligible for an immigrant investor (EB-5) visa? How can I apply for it? Are there any statistical limitations on (EB-5) visa or is there any ethnic quota for every country? And last but not the least how many (EB-5) visas are issued annually? These are all those questions that take place in our head before applying for an (EB-5) visa and why not? It’s not a walk in the park for many.
Things to know
The US Government Accountability office has identified weaknesses in USCIS’s fraud mitigation activities and for that it has taken some measures that USCIS has implemented like The Fraud Detection and National Security (FDNS) unit has full-grown to 25 FTE staff, it will conduct efficient I-829 interviews to increase collection of evidence that could be useful in identifying fraud, it will also conducts particular circumstantial checks on all of its immigrant financiers and regional-center heads, in collaboration with associates such as the Federal Bureau of Investigation (FBI) and also the U.S. Customs and Border Protection, FDNS is using foreign workforce to attempt to identify possible sources of fraud stemming from any incorrect statements by immigrant investors concerning their source of capitals and many other new amendments that are needed to keep in mind before applying for an (EB-5) visa.
Recent study shows that there are 10,000 EB5 visas issued annually. The (EB-5) visa numbers are inclusive of not only the key investor but also the family which could include the significant other and minor children. There are limits for countries of how many (EB-5) visas are allotted. Delay can occur in getting there provisional permanent residency if there are more (EB-5) nominees and family members applying from a specific nation, more than that are available for that state. The Demand is Bigger than the Supply. For example, the highest number of (EB-5) investors is from China and the numbers are extensively increasing. So as mentioned before there will be suspensions for the Chinese (EB-5) stakeholders and there family.