Have you ever seen news articles about rich investors who seek economic immigration opportunities in certain Caribbean nations? It so happens that immigration through investment programs are also offered by many other countries around the world, including the United States.
Getting green cards through investment is part of a program that has existed in the U.S. since the 1990s. There is a single petition to handle these requests: Form I-526, and it can be used to participate in various programs.
Since the U.S. is one of the wealthiest countries in the world, the investment threshold of a million dollars can be considered to be high for many foreign investors; nonetheless, the EB-5 program allows an investment of $500,000 in certain areas that suffered high unemployment in the wake of the 2008 global financial crisis.
The process of approval under the EB-5 program may seem cumbersome to some investors. It requires the assistance of San Diego, CA, immigration attorneys and business consultants who must create econometric reports about the viability of the business proposal, which must be a new enterprise. Micro-companies need not apply; the business must be able to create 10 jobs compensated through traditional payroll, and the regional EB-5 program director must certify the viability of the business.
Form I-526 is approved in a fashion similar to a bank granting a major commercial loan. Once case adjudicators give foreign investors the green light, Form I-526 must be followed by a Form I-485 for adjustment of status. This means that the investor will have to follow all the steps of a regular green card application.
In 2017, immigration attorneys believe that there may be an improved climate for foreign investors under an administration that is friendlier to business creation. The spouses and unmarried minor children of investors can also be sponsored through this program.
You can learn more about green card through investment and other immigration alternatives when you call KS Visa Law at (858) 874-0711 today. Our immigration experts can help you understand what visas you qualify for and how to apply for them. Call today to set up a free consultation.