One of the most successful methods of obtaining a Green Card as a foreigner is through the EB-5 Program, which through an investment with certain characteristics, can allow the investor and his family to obtain a permanent residence card.
The EB-5 Program is a US visa program. The EB-5 investor category, established in 1990, grants permanent residence in the US to foreign investors, their spouses, and unmarried children under the age of 21, as long as the foreign investment is structured under certain conditions.
These conditions are determined by the United States Citizenship and Immigration Service (USCIS) and their compliance is in charge of the so-called regional centers, government entities created to promote economic growth and ensure compliance with immigration laws.
In this way, the US government has provided a strong impetus to economic growth with foreign capital, providing a path to permanent residence for foreign investors and their eligible family members.
The EB-5 Program for Immigrant Investors also offers a two-year conditional residence status to those who are approved to apply for the Green Card, and can wait for the residence card to arrive within the United States.
EB-5 Program to obtain a Green Card as an immigrant
The EB-5 Program was created in 1990 by the United States Congress as part of the Immigration Act and has been renewed several times since then.
On March 15, 2022, President Joe Biden signed the EB-5 Integrity and Reform Act, which includes authorization for a new EB-5 Regional Immigrant Investor Center Program, extending it through September 30, 2027.
The purpose of the program is to stimulate economic growth by investing in real estate projects that create jobs in rural areas or disadvantaged urban areas, so the investment must go to companies that meet certain characteristics:
- Was created after November 29, 1990, or before November 29, 1990, and that:
- Has been purchased and the existing type of business is restructured or reorganized. In such a way that it results in a new commercial enterprise; either
- Has expanded through investment. So that at least a 40% increase in net worth or number of employees occurs.
Process to obtain the Green Card in the EB-5 Program
Currently, to apply for a Green Card for investment, 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 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.
You already know how to invest and obtain a Green Card in the USA as a foreigner. 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.