Becoming a permanent US resident can be quite a challenge if you were not born in the country. With the additional stringent rules and policies that have been enacted by Congress since the recent election, it can now be even harder to gain any type of citizenship. If you have the financial means to do so, one way to earn permanent citizenship within the US is by taking part in the EB-5 Visa Program through USIF. This program is for those who wish to make an investment in the form or a company within the US. This article will provide some helpful tips that will aid you in understanding the EB-5 Visa Program in the US so you can determine if it is for you.
Create relationships with developers
It is important to be able to create solid working relationships with developers so that you can make sure that the money you are investing is going to a sound organization that has a track record of being successful. When working with USIF you can rest assured that you will be working with developers that have been highly involved in building up New York City, Miami, and Los Angeles to name a few.
Have the ability to make future investments
The ability to make future investments will help you in creating more opportunities to work on new projects in the US. The benefit to this is that not only are you helping to create jobs in the US, but the green card that you will earn will also be accessible by your immediate family members.
Once you have identified a project, you will need to fill out additional paperwork
Selecting a project to invest in can be part of the challenge but once you have done so, you will need to complete two petitions. Filing the 1-526 petition and I-829 petition are the next steps to earning your green card.
What to do if your petitions are denied
If your application for the 1-526 petition and 1-829 petition are denied, you will receive your investment back. The process does take some time but the escrow bank in the US will wire transfer your funds back to the original bank account that the funds originated from.
There are financial perks to investing in the US and trying to obtain a green card, not only for you but also for family members. If you are successful at becoming a US citizen, you can also receive tuition costs at a much lower rate for your child. For example, if you receive citizenship in the US, and your child chooses to attend an institution of higher education in the state in which you reside, you will most likely pay in state tuition as opposed to the international student tuition rate. This can be a savings of thousands of dollars per year that your child is in school.
There are perks to investing in high profile projects in the US. One of the most enticing reasons to invest in the US is to gain a green card for yourself and immediate family members. There are perks to earning a green card but it can be quite a challenge to accomplish.