Investor’s Pre and post visa requirements under the EB-5 program

Posted by | Posted in Immigration | Posted on 11-05-2009

Do you know that having only $1,000,000 of the net worth is not enough to qualify for the EB-5 investment program? Apart from the general qualifying conditions, there are several additional conditions that investors have to fulfill under the EB-5 program, such as collecting documents including bank statements, tax proof, income returns et al that are required to make a petition application. You may read Investment criteria for EB-5 aspirants to know about the eligibility conditions for investors, looking to immigrate to the US under this program.

Once you get an EB-5 visa to USA, some post-visa requirements also needs to be complied with, such as creation of 10 new jobs every year for the first two years by the EB-5 business enterprise for US employees. So, there are many such requirements that investors have to fulfill, though this will not really be a challenge for a good businessmen.

In case, you are thinking that once you have got the EB-5 visa, you can then take an easy route and escape the post-visa requirements, you are terribly wrong. This is because the EB-5 visa granted to you initially is the conditional one. Only when you have successfully met the post-visa requirements for the first two years of your stay in USA, you are granted the unconditional EB-5 visa that makes you a permanent US resident. You may also apply for US Citizenship after that. For a comprehensive view of the basic criteria for both pre-visa and post-visa phase of EB-5 program is enlisted in this article, EB-5 – Basic requirements for the Investment Criteria.