EB-5 Visa Program Review: Green Card Information
As our EB-5 investors have learned, the program is a great way to grow your portfolio while contributing to the US economy. Residency is a major benefit that attracts foreign investors to the program, and we continue to get questions from potential investors about green cards. Today, we’ll discuss some of the residency benefits of the EB-5 visa investor program.
After registering and qualifying as an accredited investor with an approved regional center like American Life, investors will begin the visa application after funding their investment. This is done with the I-526 petition, which is submitted to the US Customs and Immigration Service (USCIS). The approval process will vary by each individual but is normally about six to 13 months.
Investors who are already living in the US can file an I-485 petition to adjust their status from immigrant to lawful resident.
Once the USCIS approves the petition, there are still more steps before obtaining a permanent residency visa. The investor and family members will need to meet with a US consulate in their home country. This step clears any medical, police, and security issues prior to approval of your conditional green card.
Following approval of the consulate, you and your family members will be issued conditional green cards that are good for two years.
Prior to its expiration, you’ll file an I-829 petition for a permanent visa. If all investment requirements have been met and there are no other issues, you’ll receive a green card for permanent residency with no expiration.
Your green card benefits include:
- The ability to legally work and live anywhere in the US
- Legal rights protection under US laws
- Eligibility for in-state resident tuition for US colleges in the state in which you reside
- Easier approval for US mortgage loans
- Social Security retirement benefits after ten years of work in the US
- Eligibility to apply for US citizenship and have a US passport
The EB-5 visa investment program has been a success for both investors and the US economy. For more information about the program, contact American Life, Incorporated. Our investment professionals will discuss your individual needs and help you through the process, and our profitable investment opportunities can be a positive addition to your portfolio. We oversee the entire development process. Contact us online or at 206-381-1690 to reach our US office at 2710 S. Hanford Street, Suite 100, in Seattle, Washington, or contact us at any of our international offices in Shanghai, Tokyo, or London.