Immigrant petitions of foreign investors, also known as the EB5 immigrant visas, have successfully helped many immigrants and their families move to America permanently while contributing to creation of new jobs and assisting the industrial development in their new communities. EB5 investor visa became extremely popular due to the benefits (green card) it offers.
Investment Immigration - EB 5 Immigration
Immigrant petitions of foreign investors, also known as the EB-5 immigrant visas, have successfully helped many immigrants and their families move to America permanently while contributing to creation of new jobs and assisting the industrial development in their new communities. EB5 investor visa became extremely popular due to the benefits (green card) it offers. Applicants for the EB-5 visas require no sponsor, have no language or minimum education requirement, and lack the long waiting periods that plague other visa programs. However, the largest benefits come after an EB-5 visa investment has been approved. Investors and their families can live and work in America for two years as temporary residents, and then petition the U.S. government for the Legal Permanent Resident (LPR) status towards the end of the temporary period. Finally, after five years combined in temporary and LPR status, they like other LPRs may become eligible to become U.S. citizens.
The following is a list of current EB-5 Immigrant Investor Regional Centers by state. It is periodically updated and up to date
On July 14, 2016, the United States Citizenship and Immigration Services (USCIS) released its updated processing time information for the Immigrant Investor Program Office. This article includes the processing time information as of May 31, 2016.
The primary nonimmigrant classification for investors and entrepreneurs is the E-2 (E2) Treaty Investors classification. However, provided that the requirements are met, an alien seeking to enter the United States as an investor or entrepreneur may instead apply for an H-1B (H1B), L-1 (L1A or L1B), or O-1 (O1) visa. This is especially important for investors and entrepreneurs who are not nationals of a treaty country in order to qualify for an E2 visa. However, because the H1B, L1, and O1 classifications all require an “employer-employee relationship” both in order to obtain a visa and to maintain status, investors and entrepreneurs may have difficulty meeting the requirements for those classifications where they have a significant ownership stake in the petitioning entity. This article will address special considerations for investors and entrepreneurs seeking to obtain one of those three nonimmigrant employment visas.
The E2 (E-2) Treaty Investors visa is a nonimmigrant visa for nationals of countries with which the United States maintains a treaty of commerce and navigation who intend to enter the United States in order to invest their own funds (such that the invested funds are at risk) into a U.S. enterprise. The E2 visa is also available for certain employees of the principal E2 investor from the same country of nationality, or for employees of an individual or company abroad that would qualify as an E2 treaty investor. For those who are eligible, the E2 visa is a powerful tool for investing money in the United States. This article will explain the requirements for qualifying as an E2 Treaty Investor, the E2 treaty investor application process, and the rules for being on and maintaining E2 status (including derivative E2 visas for family members).
The E-2 (E2) Treaty Investors visa is a nonimmigrant visa for nationals of qualified treaty countries who intend to invest money in a U.S. enterprise. The E2 visa is also available for employees of E2 treaty investors and for employees of qualifying organizations or investors abroad that do not have E2 visas but are qualified to petition for and employ E2 beneficiaries. This article will explain the requirements for eligibility to petition for and hire E2 employees, the requirements for qualifying as an E2 employee, and the rules and regulations for being on E2 status as an employee (including information about E2 family members).
Certain investors and entrepreneurs may be eligible to use the first preference (EB1) or second preference (EB2) employment immigration categories to meet their immigration goals. For those businesspeople who meet the eligibility requirements, the EB1 and EB2 categories are very attractive due to the EB1 category not requiring labor certification and the EB2 category having a “national interest waiver” from the labor certification requirement. This article will explain the special considerations for such businesspeople who are considering applying under the EB1 or EB2 categories.
On December 3, 2015, USCIS released its annual reporting information and filing tips for the Form I-924A, Supplement to the Form I-924. This information is invaluable to Regional Centers participating in the EB5 Regional Center Program.
In welcome news for those seeking EB5 status, the Department of State’s (DOS’s) National Visa Center (NVC) has announced an “investor assistance desk” for approved those with an approved Form I-526 petition. The EB5 Investor Assistance Desk launched on February 22, 2016.
On June 14, 2016, the United States Citizenship and Immigration Services (USCIS) released its most recent average processing times for the Immigrant Investor Program Office. The processing times are based on processing dates as of April 30, 2016.
On January 12, 2015, the United States Citizenship and Immigration Services’ (USCIS’s) Immigrant Investor Program Office released its updated EB5 processing time report.
On February 11, 2016, the United States Citizenship and Immigration Services’ Immigrant Investor Program Office released an updated EB5 processing time report. It includes a chart that shows the timeframe, measured in months, “representing the average processing time” as of December 31, 2015, for the Form I-526, Form I-829, and Form I-924.
On December 16 of last year, the EB5 immigrant investor program was extended for nine months as part of the omnibus appropriations bill. That extension lasts until September 30, 2016, and at the present moment, there are questions with regard to subsequent extensions for the EB5 immigrant investors program.
On March 20, 2017, the United States Citizenship and Immigration Services (USCIS) announced that it will begin EB5 regional center compliance audits. In this article, we will examine the guidelines for EB5 regional center compliance audits and what they may mean going forward.
On January 13, 2017, the Department of Homeland Security published a notice of proposed rulemaking in the Federal Register titled “EB-5 Immigrant Investor Program Modernization.” The rule was open for public comment until April 11, 2017. The DHS will examine the comments and incorporate them toward creating a new final rule affecting the EB5 program. The notice of proposed rulemaking proposed changes to key aspects of the EB5 program. In this article, we will examine the significant changes in the notice of proposed rulemaking and discuss briefly what these changes may mean for the future of the EB5 program if they are adopted.
The United States Citizenship and Immigration Services (USCIS) recently released comprehensive performance statistics for the Form I-526, Immigrant Petition by Alien Entrepreneur, and Form I-829, Petition by Entrepreneur to Remove Conditions. The statistics include information from fiscal year 2008 to the first quarter of the current fiscal year, 2017. Furthermore, we will examine detailed visa issuance statistics from the Department of State (DOS) for fiscal year 2016. In this post, I will include the charts as well as a few notes on the statistics.
On January 17, 2017, the Department of Homeland Security (DHS) published the final version of its international entrepreneur parole rule in the Federal Register (FR) at 82 FR 5238. The rule, published during the final week of the Obama Administration, was originally slated to take effect on July 17, 2017. However, on July 11, 2017, the DHS published a new rule, at 82 FR 31887, delaying the effective date of the International Entrepreneur Rule pending its likely repeal in light of directives regarding the use of parole authority in President Donald Trump’s Executive Order 13767. However, on December 11, 2017, Judge James E. Boasberg of the United States District Court, District of Columbia, issued an order vacating the delay rule and allowing the International Entrepreneur Rule to take effect immediately. In this article, we will examine the DHS’s implementation of the International Entrepreneur Parole Rule. However, please bear in mind that, while the DHS is implementing the rule in accordance with Judge Boasberg’s order, it is simultaneously engaged in the process to formally remove the International Entrepreneur Rule in the near future.
On August 31, 2016, the Department of Homeland Security (DHS) published a proposed rule titled the International Entrepreneur Notice of Proposed Rulemaking. On January 17, 2017, three days before President Donald Trump took office, the DHS published a substantially similar final version of the rule that was slated to take effect on July 17, 2017. Briefly, the rule would have allowed certain international entrepreneurs who had substantial ownership interests in a start-up entity in the United States to seek immigration parole under section 212(d)(5) of the Immigration and Nationality Act (INA) to grow their start-ups. Under the provisions in the rule, the DHS would have granted parole to those entrepreneurs in cases where it determined that the granting of parole would serve a significant public interest. Essentially, the rule would have constituted a special parole program for certain international entrepreneur. Note: This article has been updated with information about the vacatur of the delay rule on December 1 2017.