The United States Citizenship and Immigration Services (USCIS) EB-5 visa program allows people from all around the world to apply for a permanent resident visa. However, applying for a visa is never a guarantee of acceptance. In fact, the EB-5 visa program is one of five categories of preference-based employment visas, of which there is a limited number. Only people who can demonstrate a substantial economic investment in a U.S. company are able to pursue these visas.
A Bloomington EB-5 visa lawyer could explain the qualifying factors for pursuing this type of visa. A well-versed employment visa lawyer can work to determine a person’s eligibility and to gather the evidence necessary to give an application the best chance of success.
The Preference-Based Work Visa Programs in Bloomington
Most employment visas that permit entry and work in the United States are temporary. Holders of these visas gain entry to the U.S. for a specific purpose and must return home upon the expiration.
The EB visa program is different. Holders of EB visas can remain in the United States for as long as they wish. In addition, they can bring their families into the country.
However, only a limited number of the visas are available every year. In addition, the EB visa program places applicants into one of five preference categories with EB-5 being the lowest preference. A Bloomington EB-5 visa lawyer could explain the permanent worker visa program and whether a person qualifies.
EB-5 Visa Qualifications
The United States economy relies on a substantial amount of foreign investment to remain competitive in the international market. The EB-5 visa program exists to fill this need. The EB-5 program requirements state that an investor must invest no less than $1,000,000 into an existing American company to qualify. Alternatively, that investor may contribute no less than $500,000 to an area of targeted need. However, starting on November 21, 2019, these numbers will increase to $1.8 million and $900,000, respectively.
Applicants for EB-5 visas must be able to demonstrate their contributions on Form I-526. A Bloomington EB-5 visa lawyer could gather the information necessary to build a complete and thorough application. A well-versed attorney can also clear up any confusion on the part of the USCIS and work to make sure the entire application process goes as smoothly as possible.
A Bloomington EB-5 Visa Attorney Could Help
Any person who has invested or is in the process of investing substantial capital into an American business enterprise could apply for an EB-5 visa. These visas allow these investors and their families to permanently live and work in the United States. However, there are only a limited number of these permanent employment visas every year.
A Bloomington EB-5 visa attorney works with foreign investors to evaluate their eligibility for these visas. An attorney can help you complete a thorough application that gives you the best chance of success. Throughout the process, they can advocate on your behalf. Contact an attorney today to discuss your options.