Introduced to attract foreign investment and facilitate job creation in the US economy, the program has become very popular among affluent investors since the recent global recession. Recently, the US Congress has extended the investment immigration program till September 30, 2016. There are many myths and misconception surrounding the US EB-5 program.
The EB-5 Visa Guarantees Permanent Residence
The biggest misconception is that every EB-5 visa holder is assured the coveted green card i.e. the right to permanent residence in the USA. Qualifying for the green card involves something more than just complying with the minimum investment threshold requirements.
The investment must be made in an at-risk enterprise that does not guarantee return of capital or profits on the investment. The applicant must provide proof of source of funds along with a detailed business plan in an I-526 petition. Upon approval of the petition and availability of the EB-5 visa, the applicant and accompanying family members can apply for an EB-5 green card.
The green card is issued conditionally for a period of two years. After this period, the applicant must submit proof of continued compliance with all the requirements of the program. The conditions are subsequently removed and the right to permanent residence becomes absolute only after thorough scrutiny by the USCIS and other government agencies. Many investors fail to meet conditions of the program and are left with an investment in the United States.
- New York
Subscribe for News
Join Professionals on EB5Projects.com →
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.