Monday, July 6, 2009

Get to Know the Process to Obtain an EB5 Visa

If you are an immigrant with a desire to get into the United States legally, you probably constantly hear how difficult it is to do so. Even if you meet all the requirements, the process can take years, and if you simply want to leave your country to make money for your family, you likely don't have years to wait. For this reason, finding out about any way to get into the U.S. fairly quickly is important.

For immigrants who have always wanted to open their own business, the perfect visa for that situation is called the EB5 visa. This allows foreigners to enter the United States and own their own business, as long as they have a business plan, $1 million to invest in the company, and hire at least ten full-time American employees. The visa exists to both benefit the U.S. economy and immigrants who want to relocate and fulfill their desire of running their own company. If you do not have $1 million to spend, you still have a chance at the EB5 visa. If you start your business in a targeted area, which is one that has high unemployment rates, you need only invest $500,000 to start the company. Finding a loan for this amount and making sure you meet any other requirements is the best way to have a chance at an EB5 visa, but you should learn the entire process so you know what to expect.

The first step is to select the targeted area in which you want to start your business. There are about 45 in the country, so you have some options. You will then need to sign a limited partner agreement and put $500,000 into an escrow account. Your immigration attorney will then submit the documents, called an Immigration Petition, and once it is approved, you will have an interview with a U.S. Consulate. To attend this interview, you will need a Conditional Visa, along with a medical exam.

If you are approved, you can come to the U.S. within six months. Since you now have an EB5 visa, your immigration attorney can file to remove the conditions on your temporary visa, and you can become a citizen about two months after you enter the country. Clearly, this route is one of the fastest, since if you begin preparing now, you can be in the U.S. in the next six months. Considering most other ways of legally living in the U.S. can take years, the advantages of the EB5 visa are obvious.

The best way to start your journey to owning an American business, and eventually U.S. citizenship, is to contact an immigration attorney. Such a lawyer is likely to know the fastest way to ensure you meet the requirements and get you into this country. If owning your own company and building a home in the U.S. is your goal, get started on meeting the EB5 visa requirements today.

For more information visit EB-5 Investor Green Card or visit the http://eb-5investorgreencard.com website for information on obtaining an EB-5 visa.

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