The EB-5 Visa Program is an opportunity for foreign investors seeking U.S. residency through investment in American businesses. By investing in new commercial enterprises that create jobs, individuals not only contribute to the U.S. economy but also pave their path to citizenship. At Zohar Law, we’re here to provide you with a clear, actionable guide through the EB-5 visa process.
A Step-by-Step Guide to the EB-5 Visa Process
Understand Eligibility Requirements
Your first step is to determine if you meet the EB-5 eligibility criteria. Investors must invest a minimum of $1 million in a new enterprise or $500,000 in a targeted employment area (TEA). Additionally, your investment needs to create or retain at least ten full-time jobs for qualifying U.S. workers within two years. Understanding these fundamental requirements is essential for a successful application.
Choose Your Investment Opportunity
Once you confirm your eligibility, the next step is to select a suitable investment opportunity. You can either start your own business or invest in a Regional Center that pools resources for larger projects. Thoroughly investigate potential investments to understand their viability and compliance with EB-5 regulations. Consulting with Zohar Law can help you navigate these options effectively.
Complete the Form I-526 Application
After selecting your investment, it’s time to prepare Form I-526, the Immigrant Petition by Alien Investor. This form requires comprehensive information about your investment and business plan, as well as assurances that job creation goals will be met. Ensuring your application is meticulously completed can significantly reduce the likelihood of delays or denials.
Await Approval and Adjust Your Status
Following submission of Form I-526, you will need to wait for the approval process, which may take several months. Once your petition is approved, you can either apply for a visa through a U.S. consulate or adjust your status if you’re already in the U.S. This step requires careful attention to additional forms and documentation.
Navigating the EB-5 Visa process might seem daunting, but following these steps can help you streamline your journey. At Zohar Law, we are committed to guiding you every step of the way. Contact us today to learn how we can assist you in successfully obtaining your EB-5 Visa and securing your future in the United States.