Glossary of immigration terms of the EB-5 Program to obtain a Green Card in the USA
The EB-5 Immigrant Investor Program, also known as an investor visa, allows people to apply for a Green Card to live with their family in the United States. It is a long process that includes several phases and terms. So we’ve created a series of glossaries so you know exactly what each item means.
For an investment to qualify for the EB-5 program, it must meet certain requirements, such as proof of the origin of the funds, the generation of at least 10 full-time jobs, the participation of relatively modern companies, among others.
The process consists of a series of steps in which the interested party must complete various documents. Among them, Form I-526, which shows that the corresponding investment has already been made, and Form DS-260, which will allow you to apply for the immigrant visa.
It is important to consider that the minimum amount to invest, according to US legislation, varies between 800,000 and 1 million dollars. And the normal period for obtaining it is between 2 and 3 years, a time that can be reduced if the project is located in a rural or low employability area (Target Employment Area).
Dictionary of terms for the EB-5 program to obtain the Green Card
Being a long process with numerous procedures, it is possible to observe a large number of technical words that we are probably facing for the first time. And since it is a delicate subject, which includes migration concepts, it seems essential to know exactly what each one of them means.
That is why at BAI Capital we have created a glossary of terms related to the immigration of the EB-5 program to obtain the Green Card in the USA, which will help you identify the main elements and make the best use of them.
Immigration terms related to EB-5 and Green Card
Immigration lawyers: Responsible for supporting those interested in obtaining the Green Card. They usually help prepare and file all the applications required by the immigration department.
Immigration Act 1990: It is the act that promoted several reforms to the US immigration system and included the EB-5 program for the first time.
Migration agents: They are in charge of helping future applicants for the EB-5 program. They generally work directly in the applicant’s country of origin.
California Service Center: Applications for the EB-5 program are processed at the USCIS California Service Center.
National Visa Center: The United States Citizenship and Immigration Services (USCIS) processes visa applications through the National Visa Center (NVC).
US Citizen: There are two types of US citizens: those who were born within the territory and those who applied for citizenship through the naturalization process.
Green Card: the colloquial term that designates the legal card of permanent residence of the United States. Individuals in possession of a “green card” are legal permanent residents who can live and work permanently in the United States.
Naturalization: Naturalization is the process that an individual must undergo to become a citizen of the United States. EB-5 applicants are eligible to naturalize five years after their initial conditional green card extension.
Premium Processing: Premium Processing expedites some of the decisions on applications submitted by applicants to USCIS who have paid higher fees.
Consular Processing/DS-230: The DS-230 Application for Alien Registration and Immigrant Visas is filed by EB-5 investors, who do not possess a valid United States Nonimmigrant status, once their I- petitions have been filed. 526 have been approved.
Miscellaneous Visa Program: The Student Visa Programs and Exchange Programs allow foreign residents to come to the United States to participate in exchange programs.
EB5 Program: The EB-5 program allows foreign investors to obtain their permanent residence (“green card”) by making an investment in a business in the United States.
Conditional Permanent Residence: Conditional permanent residents are those who have been granted a “green card” but who have certain restrictions on their residence.
Permanent residence of the USA: a permanent resident, is an immigrant who has received a “green card” that allows him to live and work in the United States permanently.
Nonimmigrant Visa: allow immigrants to live and work in the United States for a specified period of time. Immigrant Visas: Visa categories that allow foreign nationals to become permanent residents of the United States.
Investing in BAI Capital is investing in the United States
With a presence in the real estate sector in the states of Florida, Texas and New York, BAI Capital specializes in generating value from land acquisition to the development of mixed-use projects. Such as residences for the elderly, student residences, multifamily buildings for rentals and mixed use that include condos and retail.
Our mission is to safeguard the capital of the partners and the own capital under the minimum risk exposure. With a safe development and going through all the stages. Purchase of land, adjustment of urban zoning, commercial vision in architectural development and management of building permits. Then, we take charge of the capitalization, construction and exit with return of the capital and profits to the partners.
In this way, we guarantee fixed and stable returns for our client portfolio. In addition to having a confidential work protocol with encrypted web forms. Use of protected personal data and private meetings with our agents throughout Latin America.