Get the First Step of EB-5 Visa Application Process Right

For people seeking to immigrate to the U.S, the EB-5 immigrant investor program is one option. There are many steps in the EB-5 visa application process. The first step is the most crucial because it involves intensive research and making a lot of crucial decisions that carry a varying amount of risk.

 

Despite having a tedious application process, the EB-5 visa continues to be a popular option among foreigners who want a green card. And after five years of having a green card, they are eligible to apply for U.S citizenship.

 

The EB-5 program allows investors, their spouses and children under 21 to apply for a green card, which permits permanent residency in the U.S. This condition is applicable provided they are willing to make a minimum investment of $ 500,000 in a project located in a targeted employment area (TEA).  However, if they want to invest in a project located in a non-TEA, the minimum investment required is $1 million.

 

A targeted employment area or TEA is defined as a rural or high unemployment area.

 

The U.S government is planning to increase the minimum investment amount for TEA and non-TEA EB-5 projects on November 21, 2019, with the new EB-5 regulation coming into effect. The new investment amounts are revised as under:

 

TEA project: $900,000

Non-TEA project: $1.8 million

 

Those planning to enter the U.S with the EB-5 investor visa with a lower investment of $500,000 can still do so before the November 21 deadline provided, they get their first step right. Getting the first step includes getting the right answers to these questions:

• Are you an accredited investor?
• Do you have the required capital to make the investment?
• Can your investment be traced to lawful sources?
• Have you considered your EB-5 project options?

Getting the answers to these questions may take many weeks to several months. It is better to start the first step as soon as possible so that you can make your investment before the changes come into effect in November.

 

Y-Axis offers a wide range of Visa and Immigration products as well as services for aspiring overseas students including Work Visa for the USA, Study Visa for the USA, and Business Visa for the USA.

 

If you are looking to Study, Work, Visit, Invest or Migrate to the USA, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.

 

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