The U.S. EB-5 investment immigration program is a highly attractive source of funding for U.S. developers and entrepreneurs, but it is primarily an immigration program. The original motivation for foreign investors to consider investing in this program is to obtain U.S. permanent resident status, with the ultimate goal of acquiring an unrestricted green card.
To achieve this ultimate goal, it is necessary to obtain approval for the I-829 (Investor Petition by Entrepreneur to Remove Conditions on Permanent Resident Status) application.
Requirements for USCIS I-829 Approval Include:
• Timely submission of the I-829 application. USCIS requires applicants to submit the I-829 application within ninety days before the end of their two-year conditional residency period. Note that the start date of the conditional residency period is calculated from the date of entry, not the date of I-526 approval.
• Evidence that the new enterprise described in the I-526 application has been created.
• Evidence that the required funds have been fully invested (for example, projects in targeted employment areas require an investment of $500,000).
• Evidence that the investment has remained at risk throughout the two-year conditional residency period and that the purpose of the investment is to create jobs.
• Evidence that the investment has created (or will create within a reasonable time) ten full-time jobs.
Worldway immigration experts remind: For EB-5 project parties, it is crucial to prepare the above materials properly. Only when investors successfully achieve their initial goal—namely, obtaining I-829 approval—can the project parties and the entire EB-5 project be considered successful.
As a leading institution in U.S. investment immigration, Worldway provides professional and attentive services that permeate every detail of the investor's immigration process to the United States. When clients first arrive in the United States, the Worldway customer service center will provide comprehensive landing and settling assistance, including arranging airport pick-up for the first entry; assisting with bank account opening procedures; assisting in applying for a Social Security card; assisting in hotel reservations; assisting in booking flights to the U.S.; assisting in contacting driving schools and providing information on driver's license exams; assisting in contacting moving services; assisting in contacting real estate agents, and assisting in renting or purchasing properties, among other related matters. For more information, please call: 400-138-2929.
