EB-5 PROCESS. REQUIREMENTS FOR SUCCESSFUL EB-5 Investment of $1 million USD or $500,000 in certain...

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Transcript of EB-5 PROCESS. REQUIREMENTS FOR SUCCESSFUL EB-5 Investment of $1 million USD or $500,000 in certain...

EB-5 PROCESS

REQUIREMENTS FOR SUCCESSFUL EB-5

Investment of $1 million USD or $500,000 in certain cases Investment must be ‘At Risk’ Investor must have certain decision making ability in new enterprise.

Creation of 10 full time jobs for US Workers

BENEFITS OF EB-5

Conditional Residency for initial 2 years for investor and immediate family

Free entry and exit of United States Resident based tuition for family

members No more visas at consulates US Citizenship in 5 years

STEP 1 : INFORMATION GATHERING

Prove capability of investor- financial means

Demonstrate legal source of funds with documentation

Business plan to show requirements will be met within 2 years

Develop a story that is easy for USCIS to understand

STEP 2: FILE I-526 PACKAGE WITH USCIS

Package to include forms and all evidence Fees: $1500.00

Current processing time about 13 months

Attorney handles all requests for information

STEP 3: ADUSTMENT OF STATUS OR CONSULATE

After approval of I-526 submission for adjustment or consulate processing to obtain conditional residency USCIS Fees: Vary depending on originating

country and adjustment v. consulate Ranges from $500 - $1070

Conditional residency granted for 2 year period, after two years I-829 must be filed

STEP 4: FILE I-829 FOR LONG TERM RESIDENCE

90 days before expiration of conditional residency, I-829 must be filed to prove original requirements were met ($1million and 10 Jobs)

USCIS Filing fees: $3,835.00 (plus $85.00 biometrics fee per

person)

STEP 5: APPLY FOR US CITIZENSHIP IF DESIRED

After 5 years as long term resident, investor may apply for US Citizenship or may remain resident.

QUESTIONS?