USA is a country to which many foreigners aspire, as it is characterized not only by favorable conditions for doing business, but also by a good social package and quality medicine. One should not forget about the opportunities to get a first-class education for further employment.
You can consider the option of obtaining a US EB-5 Visa. The registration of program will allow you to get certain opportunities for residents in the United States. Vladlena Baranova, an expert at Immigrant Invest, tells us about the peculiarities of obtaining it, its cost and other features.
Brief overview of the US EB-5 Visa program
This term refers to a document aimed at attracting investment from foreign nationals. This strategy, developed by the Citizenship and Immigration Services, has been in operation since 1990. In order to get an EB-5 Visa, several mandatory actions must be taken.
The central requirement is investment, which means that foreigners need to make $1,050,000 in direct investments or $800,000 in regional financial injections in commercial structures employment based on 10 people. But the costs are not only in investments.
The main advantages of such a document include:
- obtaining a residence permit;
- an open path to American citizenship;
- permission to work or study;
- doing business without supervision;
- quality medical services;
- profits from investments.
This country has a high standard of living, rich culture and beautiful nature, so paying for such a pass will allow you to achieve your American dream.
As mentioned above, the applicant will have to shell out more than just the cost of acquiring a stake in the business. The сost of EB-5 Visa includes the following items:
- regional administrative fee;
- application and processing fees;
- immigration legal fees;
- investment tax;
- travel and relocation expenses;
- document translations.
In our material, we will study the features of EB-5 Visa cost in detail.
EB-5 Minimum Investment
The financial investment in economic prosperity is a necessary expense to secure the permit. An investment of $1.05 million dollars is required. But it is also possible to purchase a stake in a Targeted Industry Area (TEA) for $800,000. A TEA is a rural region or an area with high unemployment. According to the law, a profit-oriented enterprise can be established here. Below is a list of structures that are allowed to be created:
- joint venture;
- investment in a private or public entity.
The EB-5 Visa for investors is an opportunity for foreigners to obtain residency; in return, they must develop the economy in the most troubled areas.
EB-5 Visa Fees
Payment for all documents to be collected for the issuance of all permits is made at a strictly defined price. This is approximately as follows:
- I-526 petition – $3,675;
- business plan – $3,500;
- I-485 application – $1,140;
- I-829 petition – $3,750.
It is important to consider all tax considerations, immigration attorney services, and translation of business and financial documents. Costs of the latter services depend on market offers and reputation of companies. It is also worth considering the administrative fees charged by regional centers, which can range from 50 to 70 thousand dollars.
Relocation and Travel Expenses
A separate item of expense is the cost of traveling to the United States to consult with a lawyer, collecting documents and accommodation for the duration of visa processing. After all this is processed and received, the entrepreneur will have to pay for relocation, including transportation of belongings, rent and other related costs. This shows that EB-5 Visa cost can only be pulled by successful businessmen, as they will have to pay for the relocation of their family and visa costs for them as well. This budget must be carefully planned and all the nuances must be taken into account.
The EB5 visa is a good opportunity for foreign entrepreneurs to become holders of an American green card. It will take a lot of time and money to apply for and obtain such a permit, but it is a sure way to obtain U.S. citizenship in the future. Investment in the U.S. economy will bear fruit in the form of U.S. citizenship, which is now very prestigious to have, because such a passport is considered the most influential. Seek help from specialists to resolve all issues quickly, efficiently and inexpensively.