The US, or the United States, one of the most developed and powerful economies of the world, is also a popular choice to live and work among foreigners. The States offer an EB-5 investor visa or US citizenship by investment program wherein foreigners can invest a certain amount in the US economy and come one step closer to obtaining a US passport or green card. This blog focuses on understanding the EB-5 visa briefly.
EB-5 Investor Visa: What Is It?
EB-5 investor visa is an immigrant visa offered to foreigners who invest a certain amount in the US economy. It can either be the investment in business or the sum to create 10 jobs for talented locals. The minimum investment for businesses in areas with high unemployment rates is USD 800,000, whereas those in other areas is USD 1,050,000.
Now that you know the EB-5 visa briefly, we will move on to its benefits. If you wish to understand the program further, please visit our website’s USA EB-5 investor visa page.
Benefits of EB-5 Investor Visa
Some of the major benefits of an EB-5 investor visa are:
Obtaining a Green Card and, Ultimately, Citizenship
The EB-5 visa is your pathway to securing a conditional Green Card, which acts as a residence permit. After two years of obtaining this conditional permit, you can file an I-829 petition requesting the waiver of restrictions to be eligible for permanent residency. Post five years of holding permanent residency, you become eligible to apply for US citizenship.
Participation with Family
As an EB-5 investor visa applicant, you can add close family members to your application. According to the rules/laws, it can be the spouse and children below 21 who are unmarried. The other adopted and marital children can also be part of the application. It is important to note that the spouse should be over 18 with no criminal record.
Political and Economic Safety and Stability
Even though the country has faced certain challenges when it comes to political stability in recent times, the United States still remains one of the largest and most powerful economies in the world. It is home to friendly government policies and tech giants. Moreover, the US is free from corruption and inflation up to an extent, offering a great overall environment for foreigners to live in.
Visa Free Travel
Green card holders can enter the States anytime, even without additional documents. Moreover, the card allows visa-free travel to several countries, especially to Canada and some places in South America. Simultaneously, US passport holders can travel freely to more than 180 countries, including the United Kingdom, Schengen countries, Japan, Canada, and more captivating places.
Conclusion
While these are surely some benefits of obtaining an EB-5 visa, the list does not display the entire benefits. If you have financial stability and wish to work in the United States, get in touch with our US immigration lawyer in India.