Cleveland EB-5 Immigrant Visa Lawyer
North East Ohio Immigration Attorney
Created by Congress in 1990 to stimulate the United States economy by creating
jobs and capital investment through foreign investors, the EB-5
immigrant visa (also known as the green card) ensures permanent residency by investing
$1 million dollars in a commercial enterprise and creating/saving 10 US
jobs. If the investment is created in a rural area (population of at least
20,000 people) or an area of high unemployment (150% of the national average),
the amount can be only $500,000.
Commercial enterprise opportunities include:
- A sole proprietorship
- Joint venture
- Business trust
There are certain advantages when acquiring an EB-5 immigrant visa, compared
to employment-based green card options and achievement-based green card
options. The Program Electronic Review Management (PERM) certification
is not required, along with a permanent job offer in the United States.
If you are running a business outside of the U.S., you have the option
of abandoning your business operations.
How to Obtain the EB-5 Immigrant Visa
There are two options in regard to attaining an EB-5 visa: through an approved
Regional Center or through a private investment.
Regional Center is a privately or publicly owned organization, designated and regulated
by the United States Citizenship and Immigration Services (USCIS), which
coordinates investment in job-creating economic development projects by
gathering capital raised under the EB-5 immigrant investor program.
direct investment can be accomplished in any legitimate productive activity which creates
at least 10 full-time jobs for qualified American employees (U.S. citizens
or green card holders). You can make a direct EB-5 investment by starting
a new enterprise or by buying and expanding an already established business,
increasing its net worth of at least 40% or increasing the staff.
You must also complete USCIS’s application, which is
Form I-526. Once the application is approved, you must schedule an immigrant visa
interview at the U.S. Embassy in your country, if you live outside of
the United States.
If you are already living in the U.S. under a valid non-immigrant visa,
you may apply for adjustment of status with USCIS with
Form I-485. Once the adjustment of status is approved, you and your dependents will
be admitted in the United States as a conditional lawful permanent resident.
Then you must file
Form I-829 within 90 days prior to the two-year anniversary of the granting of the
EB-5 applicant’s conditional green card in order to verify the investment
was made and remains in place. After 5 years from the initial admission
as a conditional permanent resident, you may become eligible to apply
for U.S. Citizenship.
Let Us Help You Achieve Your Dreams
Sintsirmas & Mueller Co. L.P.A., we understand how important this step is for you and your family. The
application process may get overwhelming for anyone trying to seek permanent
residency in the United States, but our Cleveland
immigration lawyers possess the experience and knowledge to help you properly navigate
through the paperwork and get you the opportunity of a lifetime.
Contact our immigration firm in Twinsburg, OH today at (330) 423-0899 today to get started!