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The EB5 Hong Kong Investor Visa Program is the system that directly links international seeking immigration opportunities in the U.S. with the communities that need more investments. Begun in 1990, it grants residency if the investor invests in a business that leads to the creation of employment and strengthens the economy.
We also like this program because it provides the opportunity for immigrant investors and their immediate relatives to live in the United States legally and permanently. Nevertheless, potential participants have to meet certain criteria and follow a complex investment procedure to become members of the program. They need to commit to a ‘new commercial venture’ in the United States and prove that such investment will result in the employment of American citizens.
When they satisfy the requirements above, the investors and their spouses and children can obtain conditional Green Cards. This is a working status that is permanent but gives legal aliens a chance to get a permanent residence permit and ultimately American citizenship if they abide by all rules governing the program. This means remaining engaged in their investment and acquainting it with the benefits of creating employment for the inhabitants. Taken together, the EB-5 program assists investors in obtaining a source of income for the future in the United States as well as assuming a crucial function in financing communities throughout the nation.
Benefits of an EB5 Hong Kong Visa:
Here are the Seven benefits of EB5 Hong Kong Visa are given below,
- Quickest way to get permanent residency in the US.
- More affordable programs compare to other countries.
- This Visa helps to create jobs and invest in the American economy.
- You have freedom to live, work, study, and retire in the U.S.
- Your family will be eligible in a single investment.
- In Case of risk there’s a good chance you can get your money back.
- You can also choose to manage your investment on your own.
Objective and Benefits of EB-5 Visa Program:
The whole purpose of this EB-5 Immigrant Investor Program is to attract investments from foreign individuals to help the growth of the United States economy. It enables a sophisticated purchaser to invest no less than $800,000 in a new business that will generate no less than 10 complete jobs for the American populace.
In return, investors and their families can receive the green card or the lawful permanent residents of the United States. A green car allows investors to reside and work in the United States; this permit also extends to spouses and any unmarried children under twenty-one years of age. This program is a good chance for investors to provide the economy with as many benefits as they can and for having a future in America for their families.
Eligibility Criteria for EB-5 Visa Program:
For the Eligible of EB-5 Immigrant Investor Program, the foreign investor has to satisfy certain investment and job creation standards. They are guidelines that USCIS set down to defend the program as one that was aimed at increasing foreign investments and employment in the United States.
Investment Requirements:
Under the current EB-5 guidelines, the minimum required investment is $1,050,000. Nevertheless, if investors decide to invest in Targeted Employment Area (TEA), which means the geographical area that is rural or has a high unemployment rate, the minimum investment comes down to $800,000. These are areas that are recognized by the USCIS, and investing in them is quite encouraged due to some set of economic criteria appropriately assessed.
General Investment Requirement: $1,050,000
Investment in TEAs: $800,000
Criteria For Job Creation:
Conditional Permanent Residents need to develop or sustain at least ten full time positions for qualified American applicants after receiving their CPC within two years. On occasions, the SCC requires an extension of up to one year in creating more jobs to meet this requirement as offered by USCIS. Furthermore, investors must prove that their investment will either create employment or avert its occurrence.
This means that in any way they deal with the business they invest in or any other related activities, their investment should create employment within the area. In a broader perspective, the EB-5 program provides immigrant visas to people and, at the same time, a kind of investment to the US economy and a job provider for Americans.
Application Process for EB-5 Visa:
USCIS has developed a detailed application procedure for EB-5 program The EB-5 Immigrant Investor Program is a United States immigration program set up to attract foreign investors It also helped the USCIS create a definite sequence of EB-5 application The detailed application process for EB-5 Immigrant Investor Program has been provided by the United States Citizenship and Immigration Services USCIS has defined the flow chart of EB5 applications and approves applications for the Immigrant Investor The documentation of this process and the completion of underlying steps are called the process of getting the conditional and permanent resident status of investor in the United States under the rules established.
1. Form I-526: Immigrant Petition by Alien Investor:
The first step that an EB-5 applicant must take is to fill out a form I-526 known as Immigrant Petition by Alien Investor. This form assures that the candidate has the required capital investment in a business in the United States or is in the process of investing. One more proof the applicant must provide is to show that this investment will create at least 10 fill employment positions for American employees. This is where developers want to demonstrate the possibility of making money in the framework of the application, and therefore, it is an important stage.
2. Consular Processing vs. Adjustment of Status:
Once Form I-526 is approved, applicants have two options depending on where they live:
Adjustment of Status: If one is already in the U.S., then he/she has to file Form I-485 with the USCIS service center for a change of status for a conditional permanent resident.
Consular Processing: Unlike an immigration visa, an applicant cannot apply for this type of visa if he or she lives in another country and should apply at the U.S. embassy in the country of residence. When granted, it allows them to live in the United States, but only as a limited-stay holder.
3. Form I-829: Entrepreneur’s Petition to Remove Conditions:
After the applicant has met all the requirements as provided by the EB-5 program, one is supposed to apply for the permanent resident status on a conditional basis for at least two years before one files I-829, also known as the Entrepreneur’s Petition to Remove Conditions. It is important to ask USCIS to remove the conditional status and be granted permanent residence instead. This, when approved, entitles the investor, the spouse, and every child below the age of twenty-one to be legal permanent residents in the United States.
How long can I stay in the United States with an EB-5 Visa?
EB5 visas allow you to get a permanent residency, a Green Card.
How many EB5 visas are available in 1 year?
There are 700 EB5 visas available each year.
How much Investor need to invest for an EB5 Visa
Investors must need to invest a minimum $800,000 or $1,050,000.
Can I bring my family with me if I have an EB-5 Visa?
Yes, your family will be eligible if you have an EB5 visa.
What sources of funds can I show for the EB-5 Visa?
You Must show,
Property Sales
Investments
Salaries
Dividends
Commercial Sales
Gifts etc.
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