The EB-5 Visa Program has a reputation of being a cash for green card business.  Some view it as a system where wealthy individuals essentially buy their way into the United States.  However, this misconception of the EB-5 program is inaccurate and has often led to negative press regarding the visa.

While it is true that foreign nationals who invest through the EB-5 visa must furnish at minimum around $550,000 ($500,000 investment plus regional center administration fees and legal fees), not all of the investors come from extreme wealth.  Many investors work hard to save the money over years, take out a loan (secured on assets) or inherit the money from family.  These investors make sacrifices in their lives because they still believe in the “American Dream,” and understand that this country still has much to offer.

The EB-5 Visa Program is beneficial to both the foreign investor and the US economy.  Apart from creating ten jobs for US Citizens or Permanent Residents (A requirement for obtaining the EB-5 visa), these foreign nationals invest in real estate, contribute to the local economy, and enroll their children in university programs.  Compared to other paths of obtaining permanent residency, the EB-5 visa comes with positive advantages for US citizens and our economy.

A growing trend among potential EB-5 candidates is their discovery of the program through their student child.  F-1 Student Visas are on the rise, and today more than ever, foreign students are coming to the US to take advantage of our educational programs.  Often, when the student is finished studying their program they have no legal status to remain in the United States.  Unless they secure a job that is willing to sponsor them, they must eventually return to their home country.

Many students are doing their own research on the EB-5 Program, and encouraging their parents to make the investment on their behalf.  It is important to note that unmarried children under the age of 21 may be included on their parents’ petition.  For children 21 years and older, they must file their own EB-5 petition.

Barella Law, LLC | +1 202.621.3198 | kbarella@barellalaw.com | www.barellalaw.com
9128 Strada Place | Suite 10115 | Naples, FL 34108

The Information contained in this blog is for information purposes only, and should not be considered legal advice for any individual case or situation.  The information provided is not a substitute for consultation with an attorney.  No attorney/client relationship is created by the information contained herein.

Author: Kyle Barella, Esq. | EB-5 Immigration Attorney

Waiting for one’s EB-5 Visa petition to be approved by USCIS can be a stressful time in an Immigrant Investor’s life.  Your future is uncertain and placed in the hands of the US government.  However, when you finally do receive that call from your attorney informing you that your petition has been approved, you realize it was worth the wait.  You are now one-step closer to permanent residency in the US, and eventually US citizenship.  But what happens next?  What does an I-526 Approval Notice entail?

Once your EB-5 Visa petition has been approved, your attorney must either 1) adjust your status, or 2) initiate consular processing.  Which path your attorney takes is determined by your current location.  

By far, the easier and more convenient option is to adjust status.  However, an attorney may only adjust an Immigrant Investor’s status if the client is present in the United State at the time of the EB-5 approval and able to remain lawfully in the US during the adjustment of status filing.

For adjustment of status, timing is key.  For example, immigrant investors who are presently residing in the US on an F-1 Student Visa may adjust their status upon approval of their I-526 Petition.

The more common way for investors to complete their EB-5 process is to have the attorney initiate consular processing.  In these instances the investor is currently residing in their home country (or another country abroad) and is not present in the US at the time of their I-526 approval.

When an attorney begins consular processing for a client it originates with the National Visa Center, or NVC.  During this process the investor will be required to provide certain original documents for the attorney to present to the NVC.  After the attorney has completed their work, an appointment will be scheduled for the investor at their designated US embassy or consulate.

For more information on the EB-5 process contact our office today.

Barella Law, LLC | +1 202.621.3198 | kbarella@barellalaw.com | www.barellalaw.com
9128 Strada Place | Suite 10115 | Naples, FL 34108

The Information contained in this blog is for information purposes only, and should not be considered legal advice for any individual case or situation.  The information provided is not a substitute for consultation with an attorney.  No attorney/client relationship is created by the information contained herein.