There are many ways an immigrant can come to the United States. One such way is by investing in the U.S. economy and opening a business. This avenue is known as the EB-5 Visa which is permanent residence that is granted to those who start a company here. There are specific requirements for a business owner to fulfil before being granted a green card of this classification. There are new upcoming changes to the criteria in November 2019 that will impact those interested in the program. Immigrant lawyers in Sugar Land TX can offer the legal counsel that is needed for an interested candidate to begin the process. Attorneys at Esani & Momin help prospective EB-5 applicants prepare all that is needed to submit their application to the USCIS.
What is an EB-5 Visa?
As stated, an EB-5 visa is one that provides permanent residency to investors in the U.S. economy by creating jobs. To qualify, applicants must:
•Invest in a new commercial business
•Create at least 10 full-time jobs for qualifying workers
•Invest a minimum of $500,000 for certain targeted areas or $1,000,000 for other areas in the U.S.*
*On November 21, 2019, the investment amounts will increase to $900,000 in certain targeted areas or $1,800,000 for other areas in the U.S.
Each requirement is detailed and needs the assistance of a lawyer at a Sugar Land immigration law firm to understand. An attorney can also discuss the upcoming changes to the program.
New EB-5 Developments
Immigrant lawyers in Sugar Land TX can explain the statement that discusses the new changes that the USCIS has issued. They include:
•Priority date retention
•Increase in the minimum investment amount
•Change in targeted areas of employment
•Explanations of removal of conditions for permanent residence
These changes take effect on November 21, 2019. Candidates who wish to avoid the minimum investment increase should contact a Sugar Land immigration law firm to get started.
Let the experienced professionals at the Esani & Momin law firm help you with your EB-5 application.