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What One Needs to Pay as EB-5 Visa Processing Fee!

By Abhinav Subscribe to RSS | December 18th 2011 | Views:
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The United States created USCIS Immigrant Investor Program commonly known as EB-5 visa for the immigrant investors. It is provided under the Immigration Act of 1990. To acquire a permanent residency or a Green Card the EB5 Visa is useful. The purpose of introduction of such a visa process was to attract investors from around the world to be a part of the US economy.

Under the program, it makes 10,000 visas obtainable yearly to immigrant investors who invest in profit-making projects that generate a minimum of 10 U.S. jobs. EB-5 Visa processing fee ranges between $ 500000 and $ 1000000. The advantage of this type of visa is that it entitles the permanent residency of the US.

The investment program has two options -- you can either invest in TEA (Targeted Employment Areas) or Low Population Areas (TPAs) with a cash investment of $500,000. The other way is $1,000,000 cash investment or equipment into a diversity of site, commerce, trade and industry. The other important factors of the EB-5 Visas processing are that apart from the money investment, the program makes it mandatory that 10 permanent jobs are created by each investor during the two years of the investor receiving their Green Card.

It also makes mandatory that the funds that are invested are not procured unlawfully. Credentials of funds invested have to be submitted during the process of application. In addition, the applicant has to submit tax returns for the preceding 5 years so that they can prove that their investment is legal.

The EB-5 investor program has variety of unique features which are as follows:

1. It grants lifetime permanent residency of the US, which gives an individual the complete autonomy for living, employment, education, to own and run a business or give up work anyplace in the US irrespective of the place of the investment.

2. The permanent residency or Green Card includes the husband/wife and bachelor children. To apply there is no waiting list. Furthermore, from the 1990 to till date annual quotas for the little-known EB-5 visa have never been increased.

3. For certain EB-5 preference can be given in processing

4. Approximately after 30 months of issuance when the employment figures have been verified and approved and all conditions are removed the Green Card holder is free to keep or dispose of the investment.

The government of the US is planning to bring significant changes in the EB-5 program, so that it becomes more accessible.

Abhinav - About Author:
ABHINAV Immigration is the World's leading Immigration and visa Consultation Company since its inception in 1994. Abhinav is engaged in providing professional assistance to immigrants and visa applicants applying for work permits, residence permit or EB5 visa.

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