Preparation Is Key In Eb-5 Visa Process

Most processes involving immigration involve a lot of red tape and the EB-5 visa program is no exception

. But preparing oneself for the process can take much of the stress and hassle out of it.

The program, introduced in 1990, allows foreigners to become eligible for U.S. green cards if they invest $1 million dollars in a U.S. business and that investment leads to the creation, or preservation, of 10 jobs.

While in theory the process of obtaining an EB-5 visa looks relatively simple in practice it shares similar perils with most routes to U.S. residency.

In 1993, U.S. Congress created the Immigrant Investor Pilot Program, which allows foreigners to invest in what are called regional centers. This program made it simpler for investors to find EB-5 investment opportunities by allowing private entrepreneurs and corporations to direct and manage the investments. Today, 95 percent of all EB-5 investments are handled through these centers.

Choosing a regional center in which to invest is an important step for someone looking for an EB-5 visa. Indeed, some regional centers only need an investment of $500,000 to grant EB-5 eligibility because they are in designated disadvantaged economic regions. Currently there are 84 regional centers in operation with over 50 waiting for approval.

One should do their best to visit the operator of the regional center and, if at all possible, visit the proposed project site. This will give the investor a better feel for how their money will potentially create jobs.

Also important for the foreign investor is making sure their important personal documents are in order. While each EB-5 application is unique identification documents, such as birth certificates, bank documents and immigration documents generally are required.

Many investors find hiring an immigration lawyer to be helpful in the process. As with choosing a regional center in which to invest, visiting with a lawyer will give the investor a chance to get a feel for their qualifications.

Perhaps the most important thing to have when trying to obtain an EB-5 visa is a touch of patience. At the bare minimum it will be at least nine months before the investor and their family can become conditional U.S. residents. After that it can take several years for the investment to create the 10 jobs required for green card eligibility.

If applicants are properly prepared, the EB-5 visa program is a safe and reliable path towards permanent residency in the U.S.

For more information about EB-5 investment opportunities, please visit http://www.eb5exclusive.com.

by: Joe Sloboda

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