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EB-5 REGIONAL CENTER PROGRAM (IMMIGRANT INVESTOR PILOT PROGRAM) GRANTS PERMANENT STATUS
US recently introduced an Immigrant Investor Pilot Program that would give permanent status for the EB-5 applicants.
The EB-5 immigrant visa program approves green cards to immigrants who invest USD$500,000 to $1 million in a "new commercial enterprise". This program will benefit the US economy and create at least 10 jobs.
EB-5 requires an investor to meet the requirements under the Pilot Program basically as the same as in the standard EB-5 investor program, except that the Pilot Program provides an investment to be affiliated with an economic unit known as a "Regional Center".
A Regional Center as defined by USCIS is any company that is involved with the promotion of economic growth, improved regional productivity, job creation and increased domestic capital investment.
EB-5 IMMIGRANT INVESTOR VISA - The US EB-5 Immigrant Investor Visa is a permanent residence Visa; however, after 2 years at the end of residence period the applicant must apply for removal of the conditions from his/her permanent residence by providing evidence that:
- the business is still viable;
- the invested amount of money was irrevocably committed to the enterprise;
- 10 US permanent jobs were created and still exist in the enterprise.
Status of dependants – The applicant may request admission for the dependants as derivative beneficiaries of permanent residence status. The applicant’s spouse and children may enter upon showing proof of immediate relation and admissibility to principal. Dependents may not engage in employment upon receipt of an Employment Authorization Document which may be obtained from the INS. Dependents may attend school or college.
Bilimoria & Associate will be happy to assist and guide an applicant who is wishing to process under EB-5 and process their application under investor application. This is the best time to apply on EB-5 visa.
Also, we can guide you and assist you in finding a suitable Foreign investment EB-5 Pilot Project approved by the Government for you to qualify under consisting of $500,000 Capital contribution plus $ Administrative fee per status may be granted to the investor and his family. Such status is guaranteed under the Immigration act on a condition basis, which may be removed after 2 years upon filing and I-829 petition within 90 days before the second anniversary of the Investors admission to the US.
Bilimoria & Associate liaisons with Member of Oregon State Bar Association and Attorney in good standing, USA (OSB) towards preparation of a successful application for all types of visas for USA for the clients. Bilimoria & Associate and its members have many years of experience in the field of preparing successful application for all types of visas for entering USA.
Please write to us to assess your eligibility at: neville@bilimoriaassociate.com or contact us at +91 44 2822 7222 / 2823 9229 / 4350 8191 . We will be happy to assess your eligibility for an EB-5 application or a suitable visa to enter USA legally.