The USA government recognizes the importance of capital investment for its role in creating employment in addition to spurring economic growth. That is why it has created a program that allows eligible aliens to become citizens by investing their profit the country. The program is named the eb5-investor visa plan. This is the type of visa that allows foreign nationals to acquire a green card and subsequently become citizens of america. Getting this visa however is not easy as you can find regulations and requirements that you will have to fulfill.
Requirements of having the eb-5 visa
For one to be eligible for the eb5 investment visa, they need to possess at least $1,000,000 that they plan to invest in a commercial enterprise either in the general public or private sector. Alternatively if one doesn't have the requisite one million, possessing a minimum of $500,000 is still acceptable but with conditions. This half a million has to be invested in targeted employment areas like localities with high unemployment rates or rural areas. Regardless of the amount being invested, this is a requirement that 10 jobs are created for American citizens excluding the investors' members of the family or dependents. The investment rules also allow for the input of regional groups that manage investment on behalf of proprietors. Investor visa program allow you to create employment but they charge a charge for their services.
Why you need legal services throughout your investment visa application?
Despite the eb-5 investor visa program being truly a noble idea, it also has challenges such as erroneous application and lengthy adjudication processes that enhance the complexities of visa acquisition. However, through partnering with a legal firm or seeing an attorney your projects will undoubtedly be made easy as the counsel offers prime legal assistance and advice. The attorneys will also assist in terms of filling briefs and documents, negotiating business agreements and contracts, interpreting business and immigration laws and lastly representing you in a court of law in the event of a legal suit.
Important information that you may need to know
The opportunities presented by the eb-5 investor visa are quite lucrative. However there is important information that you will need to know to improve your chances of success.
Foremost, you may be required to declare your source of income. One must demonstrate that the funds are they're investing are legally acquired and not from unlawful sources. One must provide documentation to ascertain the source and origin of the investment money. The investor must provide income statements such as profit and loss accounts and tax records that span at the very least five years. In addition one also has to avail personal income statements that show their income history. It's important to note that loan money is not acceptable as investment capital especially if the commercial venture will probably act as security. When you have to use loaned money for this purpose, its origin should be traceable and be clean. Lastly, Investors must also be aware that there is no compensation for failed business.