It’s no secret that many come to the United States looking to secure their dream job. However, foreign investors may wish to be a part of the creation of these jobs. As such, you may want to apply for an investment visa to make this a reality. If you’re interested in obtaining an EB-5 visa, you’ll want to keep reading. The following blog explores what you must know about the process and qualifications you must meet to obtain a visa and how a New York City green card lawyer can assist you through this often complex process.
What Is an Investment Visa?
An investment or EB-5 visa allows investors who have met the criteria to apply for lawful permanent residence. This is called an EB-5 visa because is it an Employment-Based Fifth Preference, which is the final category of employment-based visas available for those outside of the United States. These commercial enterprises include corporations, limited liability companies, and sole proprietorships, among other business ventures. It is important to note that noncommercial businesses are not included.
Generally, if someone is a foreign investor who invests in new commercial businesses in the United States which results in job creation, they can apply for an EB-5 visa. Similarly, a spouse and children under 21 who are dependants can also receive a green card as a result.
What Can I Do to Obtain One?
If you are a foreign investor looking to obtain a United States green card via financial investment, it’s essential to understand the steps you must take to do so.
As of March 2022, the minimum investment amount for a foreign investor to receive an EB-5 visa is $1,050,000. However, for targeted employment areas, which are rural locations or regions that have experienced high unemployment rates, the minimum is $800,000. Targeted employment areas can include infrastructure projects.
Aside from investing funds into an enterprise, the company must also create ten full-time positions for employees. A qualifying employee is classified as a U.S. citizen or other individual authorized to work in the country, with a minimum of 35 working hours per week.
How Can a New York Immigration Attorney Help Me?
There are many things you must consider if you’re a foreign investor looking to obtain lawful permanent residence in the United States via an EB-5 visa. You may find that there are exceptions for troubled businesses and regional centers, as well as set-asides. As such, it’s in your best interest to enlist the assistance of an experienced attorney to help you navigate this complex process.
At the Law Office of Jason A. Dennis, we understand how vital businesses are to the economy of our nation. As such, we will work diligently to help you navigate the complexities of applying for an EB-5 visa. Contact our firm today to learn how we can assist you during this process.