A change of residence has a favorable effect on the development of business. Moving to a country that offers exceptional conditions for activities raises many questions. The specialists who are familiar with the peculiarities of the procedure help to get answers and to apply.
The investment program for immigration is a great way to get residency or citizenship. Immigrants can add relatives and create a better living environment. One of the priority areas is the US EB-5 Visa. It will allow you to move to the states and start a new business.
Understanding the EB-5 Visa
Governments create offers for wealthy entrepreneurs. The selection criteria do not vary greatly, but some special requirements exist. In addition, program participants can obtain either a residence permit or citizenship.
US EB-5 visa is a green card. The holders get permission to stay in the States for an unlimited time. Any foreigner, who has collected the documents and passed the check by the relevant authorities, can apply for it. The decision on the application is announced no sooner than after 3 months. In some cases, the term is about a year.
It is not always possible to “speed up” the petition’s processing. It is worth asking for a consultation to determine if these benefits are available. The Immigrant Invest Zlata Erlach expert will help you find answers and get the right information considering your situation.
Eligibility Criteria for the EB-5 Visa
Any foreigner can apply for consideration. However, it is worth researching the requirements for applicants before collecting the documents. The unique approach to compiling the list of criteria did not affect the investor’s age. Only adults are eligible to obtain a Green Card.
Only a few of the conditions have received special attention, among others, namely:
- Credibility. Criminal liability in the home country will lead to denial. The same applies to those accused of violating the law. The investor must confirm the absence of criminal records and open cases.
- Place of residence. It is possible to make a petition with documents that prove residence in the United States. The minimum period is 24 months.
- Financing. The verification of activity will touch on the way of obtaining the investor’s capital. The procedure will help ensure that the new U.S. resident complies with the laws of his country.
- Business plan. The business plan demonstrates how the investment can be used. Inspectors look at the strategy’s details to ensure that the investment pays off.
The criteria that depend on the applicant’s current status are particularly interesting. The form of the petition changes depending on the length of residence, whether or not you are a resident, and the chosen investment method.
Detailed Steps to Obtain an EB-5 Visa
The opportunity to get an EB-5 visa attracts many people, but the complexity of the procedure can discourage the idea. It is necessary to get help from experts to avoid such problems. Consultants will assist with choosing an option, finding the best way, and gathering the paperwork for a petition.
The paperwork procedure consists of several steps:
- Preparation of documents. Preparing a package of documents in advance is best, which will be examined within 3 to 12 months. This way, you can be ready for the long processing of the application.
- Submitting the petition. The consideration of the application begins after the documents are submitted. The applicant needs to convince the government that he can make a benefit. For this, it is necessary to specify the investment option, confirm the availability of funds, and make a business plan.
- Accommodation. Some requirements include that the investor must live in the USA for 24 months.
- Processing. The speed of application processing varies depending on the decisions of the investor. So, there are forms for expedited procedure and normal application processing.
Lawyers and consultants for international programs help to pass this way. The services of professionals will allow you to learn the current laws and file your petition correctly.
Choosing an EB-5 Investment
Foreigners are investing in the country. There are only two options on how to get EB-5 Visa to US. The first is to invest $800,000 in jobs in rural areas. The target zone of employment and improving the situation in such areas are the authorities’ primary concerns. It is possible to create jobs in urban areas. However, it is necessary to consider that the investment amount should be $1,050,000.
Living in the US with an EB-5 Visa
Living within the United States will allow for quality care and medical services. The applicant’s children can receive an education at one of the country’s higher education institutions. The high standard of living and development opportunities are worth the time it takes to complete the requirements for EB-5 visa.
Conclusion
Moving to the United States is a great idea, but you should prepare for the challenges ahead. Confusing requirements and different conditions may not do much harm to your plans. Consult professionals to make sure events develop according to the best of scenarios. Their experience and knowledge are great advantages to every immigrant who wants to improve the quality of life and build a business in a new country.
