What documents are needed to apply to the EB-5 Program and obtain a Green Card
If you are thinking of entering the EB-5 Program to obtain a Green Card in the USA through an investment, you probably want to know what the necessary documents are to participate. We leave you a guide with all the information you need to apply to the EB-5 Program.
The US Government designed the EB-5 Program in 1990 to help foreign citizens obtain a green card through an investment.
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.
It is also important to note that the amount of capital invested will be returned to the investor once the real estate project is completed.
Documents to apply to the EB-5 Program
The US Citizenship and Immigration Services (USCIS) has a list of documents it will require to adjudicate an EB-5 application. As part of its determination process, USCIS requires applicants to provide proof that they have met the minimum investment amount and proof of lawful source of funds for their investment in the US.
USCIS may also request additional documentation from applicants to demonstrate their eligibility for permanent residence through the EB-5 Program. This includes providing evidence of a legitimate interest in the United States, providing evidence that there is a prevailing salary level for the position your family member applied for, and proof that you have met this prevailing salary level during your tenure. employment in your company.
Here is a summary of the documents needed to get started:
1. Form I-526, Immigrant Petition by Alien Entrepreneur.
The I-526 immigrant petition by alien entrepreneur is filed by the EB-5 investor to demonstrate that they are in the investment process, or have already invested the required amount of capital in an appropriate EB-5 project.
2. Form I-485, Application to Register Permanent Residence or Adjust Status.
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 in a position to adjust his immigration status from “non-immigrant” to “permanent resident”, a procedure that is recommended to be carried out through a lawyer.
3. Evidence of investment funds (bank statements, pay stubs, etc.)
Evidence that may be offered to confirm the funds to be used include:
Documents from federal or state agencies showing income statements, capital gains tax statements, etc.
A recent account statement showing the source of the funds or a letter from a bank or other financial institution confirming that they are holding the investment funds for you
Income statements that demonstrate the income obtained from investments or business benefits.
4. Evidence of experience or business knowledge
They can be letters from clients or consumers that confirm the experience in the field and the knowledge necessary for success within the industry.
5. Evidence of ties to your country of origin
For this item you can present birth certificates, marriage licenses, divorce decree, among others.
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 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.