Permanent visa in the United States 2023: Everything you need to know
Thinking of immigrating to the United States? If the answer is correct, you should know that there are several different options. The most common route today is the permanent visa, also known as a Green Card. Learn all the details on how to obtain a permanent visa in the US here.
The United States is one of the most desired countries to settle. This is reflected in the thousands of applications that the Citizenship and Immigration Service receives each year. But getting in is not easy, unless you have family or are considered an expert in a highly sought after field in the country, among other ways. That being said, one of the best ways to enter the United States and obtain a permanent visa is through the EB-5 Investor Program.
The EB-5 investor visa program essentially allows foreign nationals to obtain a Green Card (permanent residence) after making a structured investment for the EB-5 Program. The program has existed since 1990, but the current economic climate has increased the demand and the scrutiny of applicants.
One of the most incredible benefits of having a permanent US visa is permanent resident status, which means that you are able when you choose to start a business, get a job and not worry about being deported.
Permanent visa or Green Card requirements
The permanent visa or Green Card is a document that grants its holder the right to live and work permanently in the United States of America. It is also known as Lawful Permanent Resident (LPR) Status. The permanent visa is only available to immigrants who have been granted this status by an immigration official after they have passed the interview and met certain eligibility requirements.
There are several conditions that must be met before you can be issued a Green Card. These include being at least 18 years old, having held a valid nonimmigrant visa for at least one year, and having continuously resided in the US for at least five years (or 3 years if married to a US citizen ).
The applicant also has to demonstrate that they will not depend on public financial aid programs. In addition, there are other factors, such as criminal records, health conditions, and past immigration violations, that may disqualify applicants from becoming permanent residents of the US.
The investment required to be part of the EB-5 Program is between $800,000 and $1,000,000 dollars, and the investor must demonstrate that the capital was obtained legally and within all regulations.
Who can apply for the Green Card or permanent residence?
The most common permanent visa is the Green Card, which allows you to live and work in the United States permanently. It is issued by the United States Citizenship and Immigration Services (USCIS) once the application has been approved by the Department of State and the Department of Homeland Security (DHS).
Anyone who has been approved for a Green Card can apply at any time, even if they are outside the US However, there are certain restrictions on when you can apply based on your current situation:
If you are in the US, you can apply at any time as long as you have been in legal status (for example, with a valid tourist visa). You cannot apply while you are living here illegally or on an expired visa or after you have overstayed your visa by more than 180 days; in this case, you must leave before reapplying from abroad. If you are outside of the US, it depends on how long ago your last entry into America.
Process to obtain the Green Card with the EB-5 Program
To apply for a Green Card with the EB-5 Program, 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 the initial investment 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 an 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 a 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.