For the past two decades our immigration lawyers have observed the excitement in our clients eyes when they first talk about the EB-5 Green Card visa. However, by the time we provide legal advice regarding the requirements and logistics, we see serious concern set in, and business clients then seek alternative options.
The EB-5 permanent resident (green card) program presents the following points of concern:
For two years EB-5 investors must pay taxes to the U.S. Government on all their worldwide earnings and holdings.
The Permanent Resident Card is only conditional, and 90 days before the 2 year mark, another application must be filed to release conditions by the U.S. Government. Note: The Department of Homeland Security and possibly Department of Labor conduct detailed review of job creation standards meeting stringent guidelines.
All money must be ‘at risk’ and vested BEFORE the visa is approved by U.S. Immigration.
If any of the above points are of concern to you or someone you know seeking EB-5 status, business visa alternatives are available to manage your business investment in the United States. Other options include, but are not limited to the following:
First, obtain a non-immigrant business visa such as an Intracompany transfer visa L-1A, Extraordinary visa O visa, or Investor visa E-2. Ensure part of your business plan includes job creation for U.S. Citizens as well!
Next, Once the business is established and business goals are being met, file for an EB-1 Permanent Resident Status for you and your family in the United States. Lawyers here at Vassell & LeeRC Law Group are experienced in EB-5 visas, and the alternative business immigration options explained briefly above.
It is important to consult with an experienced U.S. Immigration Attorney who is a member of the American Immigration Lawyers’ Association (AILA).
ScottVassell & LeeCC Law Firm provides free initial screening consultations with our lawyers or you may request our standard consultation. Our contact information is conveniently available at www.vasselllaw.com.
U.S. Immigration Lawyers Serving Families, Businesses & Individuals for Over 20 Years