EB-5 Visa Program has always been one of the reliable ways to get permanent residence in the United States. It allows investors and their family members to live, work and study anywhere in the U.S. For those with adequate capital EB-5 program can be the most convenient way to obtain permanent resident status in the United States.
Unlike other immigrant visa options, the EB-5 visa does not require a U.S. employer's involvement as a sponsor, nor does it entail any specialized knowledge, skills, or experience. Furthermore, the EB-5 program is not restricted to citizens of specific treaty nations.
President Biden signed the long-awaited EB-5 Reform and Integrity Act of 2022 (RIA) into law as part of an omnibus spending package on March 15, 2022, which reauthorized the EB-5 regional center program. The ability to file Forms I-526 E and I-485 simultaneously ("EB-5 Concurrent Filing") is one of the most critical transformations intro by RIA. EB-5 Concurrent Filing allows investors on non-immigrant visas in the United States to apply for adjustment of status while filing their I-526E petitions.
Form I-485 allows foreign nationals temporarily residing in the United States to change their legal status. In EB-5 Concurrent Filing, investors benefit from lawful permanent resident status benefits. Before this reform bill, EB-5 investors had to wait for their I-526 E-petitions to be approved to adjust their status or they have to leave the country.