H-1B and other visa holders are turning to the EB-5 Program to secure their future in the US.
A normal situation among those who come to the United States for work or other reasons is the intention to change their immigration status to a more permanent one, however the process is often complex. We tell you how the EB-5 Program can facilitate this objective.
The dream of working and living in the United States is increasingly coveted by people around the world, though it is often hampered by the difficulty of obtaining a long-term work visa.
However, in recent years, many visa holders, especially those with an H-1B (work) visa, have turned to the EB-5 Program as an alternative avenue to secure their future in the United States.
In this article we will tell you how the H-1B Visa and other visa holders are using the EB-5 Program as an option to obtain a permanent residence –or Green Card– and settle in the country.
The H-1B Visa Challenge
The H-1B Visa is one of the most popular work visas for highly-skilled foreign professionals who want to work in the United States.
However, obtaining an H-1B can be complicated due to numerical limitations and lottery-based selection processes. Additionally, the H-1B Visa has a limited duration and is subject to policy changes and restrictions.
The EB-5 Program as an alternative
The EB-5 Program offers an alternative pathway for H-1B and other visa holders who wish to settle permanently in the United States. Through investment in a business project and job creation, EB-5 applicants can obtain a permanent resident visa, also known as a “Green Card.”
This allows them to live and work in the United States indefinitely, without the limitations and restrictions associated with other temporary visas.
EB-5 Program Requirements
To qualify for the EB-5 Program, foreign investors must make a minimum investment in a commercial project in the United States.
Currently, an investment of close to $1 million in a new or existing business enterprise is required, or $800,000 in designated target employment areas (TEAs). In addition, the investment must create at least 10 full-time jobs for US workers.
Benefits of the EB-5 Visa
The EB-5 Visa offers various benefits to H-1B and other visa holders. First of all, it provides security and stability in the long term, since it is a permanent residence visa.
This means that EB-5 Visa holders can live and work in the United States indefinitely, without having to worry about renewing their visa or facing policy changes. In addition, the EB-5 Visa also allows holders to apply for US citizenship after a period of continuous residence.
Application process and waiting times
The EB-5 Visa application process can be complex and requires careful planning and legal advice. H-1B and other visa holders must file a visa petition with the United States Citizenship and Immigration Services (USCIS).
Additionally, there is an annual limit for EB-5 visas, which means there may be wait times before the application is approved. However, despite the challenges, many visa holders find that the EB-5 Program offers a safe and reliable path to secure their future in the United States.
Testimony of a successful immigration adjustment with the EB-5 Program
Julio Larenas first came to the United States with an academic objective, to strengthen his knowledge in professional matters. However, the features caught his eye, so he decided to change course.
It was in this context that he decided to look for an alternative to the conditional immigration status in which he found himself because he had a non-immigrant visa, and opted for the EB-5 Program.
With the work of BAI Capital, in just 3 months Julio already had the benefits of the Green Card, obtaining a residence and work permit while the process was finalized.
What was your choice of business company with whom you would make your EB-5 investment based on?
“With BAI we found the best balance. We understand that this is not a charity, obviously it is a business, it is an investment survey with profitability, but BAI is the only one that offers a balance in which it allows profitability for both the owner of the money – to ensure its value in time– as well as obtain the benefit of the Green Card.”
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 the acquisition of land to the development of mixed-use projects, such as residences for the elderly, student residences, multifamily buildings. for rentals and mixed use, including 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: Land purchase, 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 your 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.
You now know why H-1B and other visa holders are turning to the EB-5 Program to secure their future in the United States. If you are looking to protect your capital from inflation through investments with returns in dollars, or invest in projects that qualify for the EB-5 investor visa to get a Green Card, complete our form and an agent will contact you.
