How do investors become permanent residents if EB-5 is a visa program?
Can someone explain how immigration through EB-5 works? Because it's called an EB-5 visa, and I know a visa only let's you stay in the United States temporarily. But the people who invest through the EB-5 visa program end up with permanent residency. So why do EB-5 visa holders get to be permanent residents?
Answers
Under the U.S. Immigration laws there are various Employment Based ( EB) categories,as in this case number 5 ( EB-5), that allows U.S.permanent residency. The EB-5 category allows a foreign national investor by investing in a new commercial enterprise and creating ten jobs to obtain U.S.permanent residency.
In the EB-5 category, visa equals Green Card.
The EB-5 program is an immigrant visa program, as opposed to a non-immigrant visa. It leads to lawful permanent residency.
EB-5 is an immigrant visa which will bring Green Card to you and your family (children under 21).
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