How long does the EB-5 Program take to deliver the Green Card?
Entering the EB-5 Program can ensure that you obtain a Green Card in the USA if the process is carried out correctly, but it is important to be clear about the deadlines and the time it takes for the results. We leave you a guide with everything you need to know about the EB-5 Program.
Created by the United States Congress in 1990 as part of the Immigration Act, the program aims to help foreign citizens obtain a green card through an investment and in the process stimulate economic growth by creating jobs in the country.
To begin the process, the interested party –or whoever represents him– must contact an authorized Regional Center in his area, an entity administered by the USCIS that is dedicated to promoting economic growth and that will be in charge of specifying the process to obtain the Green Card.
In economic terms, an investment between 800,000 and 1,000,000 USD must be made directly in a recent company, capital that will be used for a real estate development that must generate at least 10 full-time jobs.
In this step, the investor must demonstrate the origin of the funds used, ensuring that the capital was obtained legally and that it did not come from criminal activity or an attempt to fraud.
Over the years, this program has changed the way foreign capital is invested within the US, creating quality jobs, improving regional infrastructure, and stimulating local economies throughout the Americas and the world.
Time to obtain the Green Card with the EB-5 Program
To apply for a Green Card through the EB-5 Program, the first step is to locate a project with the requirements established in the program. Then, together with an immigration lawyer, you must apply to enter the program, completing Form I-526.
This petition usually takes between 5 and 8 months to be adjudicated by the USCIS. The next step is, once the first form is approved, to present a second document known as Form I-485 that will allow obtaining an immigration status to reside in the USA while obtaining the Green Card. This adjustment generally takes between 4 and 10 months.
Once this period has elapsed, the investor is now in a position to adjust his immigration status from “non-immigrant” to “permanent resident”. Procedure that is also recommended to be carried out through a lawyer.
Taking the above into account, the average time to obtain a Green Card is 2 to 3 years, depending on the validity of the documents presented –which will expedite the process– and the number of applications received by USCIS during that period. .
If you are thinking of being part of the EB-5 Program, BAI Capital is an excellent option for you. With 100% approval from the USCIS to obtain the Green Card, the company has positioned itself as a leader in this segment. In addition, BAI Capital offers personalized support throughout the entire process.
Luis, a Spanish citizen who applied to the EB-5 Program through BAI Capital, highlighted the work of the company during the process.
“The process for me was very simple thanks to the support of the company. They were very committed throughout the whole waiting period, which takes time, but if you do it right it finally works. In this sense, BAI Capital made life very easy for us, within the complexity of the process, we were able to understand it in a good way and be aware of each of the steps that were being taken”.
It is important that people know the duration and difficulty of this process, in order to manage expectations well. The good thing is that the deadlines were met as mentioned at the beginning. Without a doubt, I am very satisfied with how everything has been managed.”
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.