Green Card By Investment: A Pathway To Permanent Residency

Introduction

For many people, obtaining a green card is the ultimate goal when it comes to living and working in the United States. The green card, also known as a Permanent Resident Card, allows an individual to live and work in the US permanently. While there are several ways to obtain a green card, one of the most popular options is through investment. In this article, we will explore the concept of green card by investment and how it works.

What is Green Card by Investment?

Also known as the EB-5 Immigrant Investor Program, green card by investment is a program that allows foreign nationals to obtain a green card by investing a certain amount of money in the US economy. The program was created by the US Congress in 1990 to attract foreign investment and create jobs in the country.

How Does it Work?

To qualify for green card by investment, an individual must invest either $900,000 or $1.8 million in a new commercial enterprise in the US. The investment must also create at least 10 full-time jobs for US workers. The investment can be made directly by the individual or through a regional center, which is a government-approved entity that promotes economic growth in a specific geographic area.

The Benefits of Green Card by Investment

One of the biggest benefits of green card by investment is that it provides a pathway to permanent residency in the US. This means that the individual and their family can live and work in the US indefinitely. In addition, the program does not require the individual to have a job offer in the US or to be sponsored by an employer.

The Requirements for Green Card by Investment

To be eligible for green card by investment, an individual must meet certain requirements. These include: – Investing either $900,000 or $1.8 million in a new commercial enterprise in the US – Creating at least 10 full-time jobs for US workers – Being in good health and not having a criminal record – Having a net worth of at least $1 million

The Application Process

To apply for green card by investment, an individual must file a Form I-526 with the US Citizenship and Immigration Services (USCIS). The form must include evidence of the investment and the job creation. Once the form is approved, the individual can file a Form I-485 to adjust their status to that of a permanent resident.

Conclusion

Green card by investment is a popular option for individuals who want to obtain permanent residency in the US. While the program does require a significant investment, it provides a pathway to permanent residency without the need for a job offer or employer sponsorship. If you are interested in pursuing green card by investment, it is important to consult with an experienced immigration attorney to ensure that you meet all of the requirements.

People Also Ask

What is the minimum investment for green card?

The minimum investment for green card by investment is $900,000 for investments made in a designated Targeted Employment Area (TEA). For investments made outside of a TEA, the minimum investment is $1.8 million.

How long does it take to get a green card by investment?

The processing time for green card by investment can vary depending on a number of factors, including the complexity of the case and the workload of the USCIS. However, on average, it can take between 18 and 24 months to obtain a green card by investment.

Can I invest in an existing business to qualify for green card by investment?

Yes, it is possible to invest in an existing business to qualify for green card by investment. However, the investment must result in a significant expansion of the business or the creation of new jobs for US workers. The investment must also meet all of the other requirements of the program.