EB-5 Immigrant Investors
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EB-5 Immigrant Investor Visa Lawyers
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The Immigration and Nationality Act establishes five different categories of employment immigration visas, the last of which is reserved for foreign nationals who hope to immigrate to the United States for the purposes of investing in a business or other enterprise. Relatively few people from around the world are capable of satisfying the strict requirements for this type of visa; in fact, only 7.1 percent of the total number of employment-based visas was made available for immigrant investors. Far fewer than the 9,940 EB-5 visas that are available through U.S. Citizenship and Immigration Services are typically granted in any given year. According to statistics provided by the Department of Homeland Security, only 64 EB-5 visas were given out in 2003, while the highest number of visas granted in the past decade was 3,688.
Immigrant Investor Visa Eligibility
In order to qualify for an EB-5 visa, you must be planning to make a substantial investment of capital in a new enterprise that will create new jobs for U.S. workers. The investment must be a minimum of $1.8 million, though this figure may be as low as $900,000 if you are investing in a rural area or an area where unemployment rates are high. Furthermore, the investment must be expected to result in the creation of at least 10 new full-time positions within the next 2 years. There are, however, certain variations to these basic requirements. For example, rather than creating entirely new employment positions, the investment can be one that will save the jobs of workers whose employment would otherwise be in jeopardy as a result of the threatened failure of the business.
What qualifies as a "new enterprise?"
The definition of a “new enterprise” is far more generous than you might think: A business may have been founded as far in the past as November 29, 1990 to be eligible. Even if it is older than that, it may qualify if your investment will involve a restructuring or reorganization that causes an increase of 40 percent in net worth or the number of employees. If you believe that you may be eligible to apply for an EB-5 visa, contact Fayad Law, P.C. now for a consultation with a Virginia immigration attorney from our team. Our firm serves clients internationally, as well as throughout Virginia and North Carolina.
We can help you explore all of your options and help you pursue a course of action for achieving your immigration goals. Contact us today to learn more.
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FAQs - FREQUENTLY ASKED QUESTIONS
There are dozens of different types of visas available under the provisions of the Immigration and Nationality Act (INA), but they can all be placed in one of two categories: immigrant and nonimmigrant visas. The former is for individuals who are hoping to establish permanent residency with a green card and perhaps even to pursue the path to naturalization and citizenship. The latter is for those who are only planning a temporary visit to the United States, such as for the purpose of conducting business or attending school.
The INA sets limits on the number of people who will be permitted to immigrate to the United States each year using certain types of visas, while other visas are unlimited. Family immigration visas for the immediate relatives of U.S. citizens are available on an unlimited basis, while there are annual quotas set for the relatives of lawful permanent residents and extended family of citizens, with a maximum quota of 480,000. The number of employment immigration visas is limited to 140,000 per year.
Pathways to citizenship include service in the United States military and adoption, but a large percentage of all people who become citizens do so through the process of naturalization. The basic qualifications for naturalization include:
- Living in the U.S. as a permanent resident for 5 years (or 3 years for a spouse of a U.S. citizen)
- Being at least 18 years of age
- Living within the state where you will apply for citizenship for at least 3 months prior to the application date
- Being physically present in this country for at least half of the past 5 years
- Maintaining continuous residence in this country from the date you submit your application for naturalization
- Being able to read, write and speak English
- Have a basic understanding of U.S. government and civics
It is also necessary to supply evidence that you are a person of good moral character and are attached to the principles of the U.S. Constitution. We can assist you with proving these factors, as well as preparing your petition and helping you get ready for the tests.
In June of 2012, the Obama Administration directed the Department of Homeland Security (DHS) to begin applying a policy that is referred to as Deferred Action for Childhood Arrivals (DACA). Under deferred action, DHS is exercising discretion in its execution of the laws concerning deportation and removal of immigrants who are illegally present in the United States. Deferred action is not a change to the existing law, but is instead a change in the way that the law is being applied. You may qualify for relief under DACA if you were younger than 31 years of age on June 15, 2012, came to the U.S. before your 16th birthday, have continuously resided in this country since June 15, 2007 and are either currently in school or have already graduated from high school or earned your general education development (GED) certificate, among other criteria. With deferred action, you may be able to avoid being deported, though it does not grant any change of immigration status.
In its review of immigrant visa petitions, the U.S. Citizenship & Immigration Services (USCIS) weighs factors related to the ties that the prospective immigrant has in the United States and the reasons why he or she wants or needs to come to live in this country. For example, a family immigration petition will not be approved unless the foreign national has immediate relatives such as a spouse, mother or father, child or sibling already living here as a citizen or green card holder. An employment immigration petition is more likely to receive approval if the applicant has a job offer in this country and is coming to fill a position that cannot reasonably be filled from the local labor market. A foreign national who is fleeing persecution in his or her home country may be granted an immigrant visa as a refugee or asylee.
There are many strategies for challenging a removal action. If the proposed deportation is based on a criminal conviction, it may be possible to appeal the conviction in order to have it overturned. Another option is to petition for cancellation of removal, a type of immigration relief which is available to people who are of good moral character and whose deportation would subject a family member who is a citizen or permanent resident to extreme hardship. The key to success in stopping deportation is to take immediate action by hiring a Virginia immigration attorney from our firm as soon as possible. Contact us now at Fayad Law, P.C. for a confidential consultation and to let us get started on your case!
Fayad Law, P.C. maintains offices in Richmond and Fairfax, Virginia. We work with individuals, families, and businesses across the world, providing them with assistance in resolving the legal issues involved with helping their loved ones and employees to immigrate to the United States. We work directly with foreign nationals living abroad, guiding them through the process of obtaining immigrant and nonimmigrant visas for entry to the U.S.