subject: Excuses For Not Turning In An Eb5 Application, And Why They Are Unwarranted [print this page] If you have the desire to move to the United States and open your own business, you should be here already via the eb5 visa. Although it is a big change, it is for the better in most cases, and the amount of help the U.S. is willing to offer immigrants cannot be found anywhere else. Now is especially the best time to open a business in the United States, since the economy needs new ways to be stimulated, and people need jobs more than ever. There is no reason to delay turning in your eb5 application.
The only requirements to get your eb5 visa include having an investment of $1 million USD with proof that you obtained it legally, and the ability to create at least ten jobs for U.S. citizens. If you specify in your eb5 application that you are willing to work in a Targeted Employment area, the required investment is lowered to $500,000, and the area's Regional Center will likely even hire the employees and take charge of the business. The facts are that the United States needs your investment, particularly in areas with very high unemployment rates, people need jobs, and you want to get to this country. Nothing should stop you from applying, and the following excuses are some of the most common reasons that many people never even apply.
Many immigrants think they need to speak perfect English to open a business in the United States. This is not true for the eb5 visa, as every document can be printed in your language and you can even use a translator. This is not to say that you should not work on your English skills, as it will make living here easier, but this should not be the issue that stops you on your way to putting in an eb5 application.
Another misconception is that you need to have prior business experience to participate in this program. The U.S. is not recruiting immigrant investors for their business skills, though having them is an advantage. The country is trying to find people who wish to come here and contribute to the economy, which is why the money and development of ten new jobs are required. The advantage here is that you can have as much involvement with the business as you want. While in most cases you can certainly oversee daily operations, you can also decide to live on the other side of the country from the business and simply act as investor. Hence, stellar business skills are not necessary.
Many potential applicants assume they need higher education, but this is a rare opportunity to be at the top without it. If you have always dreamt of going to college, now might be your time. After living in the U.S. under your eb5 visa for a few years, you can apply to be a citizen, after which time you will have residency status for the colleges nearest you. This means affordable education can be yours. You can get closer to reaching this goal once you put in your eb5 application.
Some parts of this visa might sound too good to be true, but you can find out for yourself once you apply. The worst that can happen is your eb5 application gets denied, in which case you can always reapply. Contacting an immigration attorney can clear up any other questions you might have about this visa.
