The EB-5 visa is like a Golden visa to the United States of America. It permits the holder to live, work, and study in the U.S without sponsorship. Like other golden visa pathways, the EB-5 visa requires an applicant to make a substantial investment in qualifying for the visa. In short, this type of visa is ideal for high-net-worth individuals who want to secure a Green Card.
EB-5 Visa- A Quick Overview
• To qualify, one must be able to invest at least $900,000 in a TEA or $1.8 million outside TEAs.
• Create at least ten full-time jobs for Americans
• The EB-5 visa is a gateway to the U.S Green Card.
• The U.S. only grants 10,000 EB-5 Investment Visas per year, including family members.
• Beneficiaries of the EB-5 visa can also include their family members in the application.
• The invested money must be acquired lawfully.
Investment Options under EB-5 visa
Foreign investors may choose to invest through one of the following EB-5 investment visa options:
• Invest a minimum of $900,000 in a Targeted Employment Area (TEA). Invest in a rural area or an area with a high unemployment rate in a government-approved program.
• Make a direct investment of at least $1.8 million outside a TEA. Investors may opt to invest in another company/enterprise per their needs or set up their business venture in the U.S. Depending on which option you choose, you must ensure that the company is as per the USCIS requirements.
What is the current processing time for an EB-5 visa from India?
As of August 2020, the processing time for the EB-5 visa for Indian nationals may range between 29 months and 61 months. If you are in the USA, the I-485 processing time of the USA green card to adjust status could be around seven to 29 months. The National Visa Center and Consular Process may take about six to twelve months for outside applicants.
How long USCIS processes an EB-5 application depends on the number of pending visa applications and the number of applications being lodged annually.
Expedited EB-5 Visa Processing
You may qualify for an expedited process by USCIS by submitting an expedited request with their I-526 petition or lodging the request after their petition has been filed. These projects generally promote the urgent needs of the U.S government. Expedite processing can reduce the waiting times from years to approximately four to ten months.
USCIS grants the expedited status to exceptional EB-5 projects, whether direct or regional sponsored.
USCIS will expedite either Form I-924 or Form I-526 if the application meets the USCIS “expedite criteria.” The USCIS might speed up your application if there is:
• A large project with multiple investors involved
• The project is diverse enough to generate hundreds of jobs for Americans
• Has the potential to boost the American economy or spur socio-economic development in a Targeted Employment Area
• Location of the project, whether it is located in areas with significantly higher unemployment than Targeted Employment Area (TEA) standards.
• Compelling interest of USCIS or if the project has some elements of national security
Please note that that securing your project an ‘expedited status’ process does not give any relaxation in the documents. The investor must meet the basic eligibility criteria for the EB-5 visa cost, job creation, and source of funding.
To know more about the Business Visa USA, you can write us on web@businessimmigrationvisas.com and our expert team of experts will get in touch with you to resolve your queries. You can even give us a ring on (+91) 859 533 8595 or directly interact with our expert Visa Consultants through our Live Chat window.
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