Is EB-5 Visa a wiser route than acquiring US Green Card?
The fact is clear! It’s a dream of many to become a permanent resident in the United States. Unfortunately, the norms and stringent rules pose several hurdles for applicants get the authorization. It usually involve several years of struggle to acquire the permanent residence authorization from the immigration department. Green card has been one of the popular methods to apply for permanent residence. In recent days, EB-5 visa had become a popular talk among the people who are interested to settle. But, what is EB-5 visa? What are the requirements to apply for it? In this blog, we’ll have a brief walk-through on it.
EB-5 visa
EB-5 visa is an exclusive program facilitated by the immigration department of the United States to ease the investment flow and increase job in the country. In this program, the foreigner from recognized country can invest an amount in commercial organization or enterprise in the United States and thereby lead to creation of 10 permanent full-time jobs in the United States. The important highlight of this program is that the investor after acquiring EB-5 visa becomes eligible to apply for a permanent residence in the country of United States.
Competition
Since applying for green card had become an easy and less-expensive way, it attracted numerous immigrants around the world to apply for it. Thus, there is a huge competition exists for acquiring the Green Card. However, the number of allotted Green Card allowance and its ratio is always smaller than the ration of Green Card applicants. The EB-5 visa on the other hand demands huge investments that can’t be facilitated by all the immigrants in the United States. Thus, the competition to acquire EB-5 visa is very less and thereby applicants for permanent residence license is also comparatively lesser.
Investment Amount
In order to apply for EB-5 visa, the investor has to invest at least $500,000 or $1 million in the rural or urban area respectively. They can invest on any commercial enterprise and should create permanent jobs to US citizens to become eligible for EB-5 visa.
Chances of approval
While applying for permanent residence with the help of EB-5 visa, the chances of approval is much higher than that of applying for Green Card. The immigration department of the United States has already allotted 10,000 EB-5 visas to be granted to the eligible investors.
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