How to apply to the EB-5 Program to obtain the Green Card in 2023
The EB-5 immigration program allows foreign investors to apply for and obtain a Green Card so that he and his family can live and work safely in the United States. Find out how to request it this 2023 here.
There are currently several ways to obtain US residence, and one of them is the EB-5 Program, which through an investment –with special characteristics– can grant the long-awaited Green Card in the USA.
The United States Government offers this opportunity to foreigners who are looking to move to live in the country and meet the requirements to enter the program.
The complexity of global economic markets and the large number of immigrant workers seeking to create a new life have made the EB-5 program very popular, with more applications coming from different countries each year. But first, what is the EB-5 Program?
What is the EB-5 Immigrant Investor Program
The EB-5 Immigrant Investor Program was created by the United States Congress in 1990 as part of the Immigration Act. Its primary goal is to stimulate economic growth and create jobs in the United States.
Over the years, this program has changed the way capital is invested, creating jobs, improving regional infrastructure, and stimulating local economies throughout the Americas and the world.
The United States Citizenship and Immigration Service (USCIS) is the one that administers this program, under which investors and their spouses and unmarried children under 21 years of age are eligible to apply for a Green Card by fulfilling two main requirements: Make a investment in a US business enterprise and create 10 permanent jobs for skilled US workers.
The program’s EB-5 acronym was chosen because of the employment-based fifth preference visa category.
Process to obtain the Green Card in the EB-5 Program
To apply for a Green Card for investment this 2023, the first step is to locate a project with the requirements established in the program. Then, the investor must hire an immigration attorney to apply to enter the program, completing Form I-526.
In this step, the interested party must make an investment of between USD 800,000 and USD 1,000,000, in addition to making the origin of the capital used transparent, for which they must have a legal source and route of funds.
The next step is once the first form is approved, to present a second document known as Form I-485 that will allow obtaining immigration status to reside in the USA while obtaining the Green Card.
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 recommended to carry out through a lawyer.
The average time to obtain the Green Card is 2 to 3 years. Although this period can be reduced if it is a project of national interest or located in a rural area.
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.