Looks like every Indians protecting H1B Visa and F1 Visa are enthusiastic about Green Card via EB5 Visa direction. Are you taking into consideration making use of for Green Card via EB5?
I won a decision from my uncle and right here’s how the dialog went.
Uncle: “My pal needs to communicate to you about Green Card via Investment. I can ship his touch quantity, name him while you get a possibility.”
I:”Sure, I can communicate to him. No Problem“.
After a few hours, I spoke to my uncle’s pal about EB5 for F1 Visa (His son’s STEM OPT is expiring in a while). Here’s how the dialog went.
I: “I’m Raghu and I’m calling to speak about EB5 Visa and my uncle gave me your quantity“.
After the introductions, we began speaking about his son who’s on STEM OPT and it’s about to expire this 12 months.
Uncle: “My son’s STEM OPT is expiring this year. He’s got one last chance to apply for H1B Visa. I heard about Green Card in USA via Investment. Do you know anything about it?”
I: “Sure. I’ve executed my fair proportion of analysis about EB5 Visa. EB5 for H1B Visa and EB5 for F1 Visa holders are undoubtedly imaginable. It calls for $500,000 or 1 Million US Dollars for funding into task developing initiatives. Once the preliminary software is authorized, Conditional Green Card will likely be issued. After the stipulations are glad via the venture about minimal task advent necessities, situation will likely be got rid of at the Green Card. This is a miles quicker possibility to get Green Card for Indians presently. Especially EB5 Visa is a great possibility for H1B Visa and F1 Visa holders if they are able to have the funds for“.
Uncle: “I’m going to ask my son to communicate to you, and can he get Green Card prior to his STEM OPT expires in 10 months?“
I: “I don’t think it’s possible to get the conditional Green Card in 10 months if the application filed today. He may have to find other legal ways to stay in status in the US or he could leave the US after STEM OPT expires and travel back to the US once I-526 application is approved”.
So, that’s how to dialog went relating to EB5 for F1 Visa holder. Parents are severely taking into consideration EB5 for F1 Visa protecting son and daughter’s.
While I used to be having this dialog, some other pal hit me up in WhatApp and right here’s the precise remark:
I had a captivating dialog with my pal who’s Houston. He needs to cobble up $500Ok and observe for EB5. He has been in the USA for 10 years and his precedence date is Nov 2012.
The Priority Dates for EB2, EB3 India is shifting at snail tempo.
At the present tempo, Indian Nationals with PD of Nov 2012 might get their Green Card after eight years from now (2018).
Why EB5 Visa for H1B and F1 Visa Holders?
So, what’s riding the rise in hobby for EB5 for H1B Visa and F1 Visa holders? I will bring to mind following causes:
- Slow motion of Priority Dates
- Decades lengthy wait occasions for Green Card
- Pending Rule making to take away H4 EAD
- The problem to get H1B Visa thru a lottery
- No criminal immigration invoice to ease the Green Card Backlogs
- Possible rules to prohibit H1B extensions past 6 years
- Possible EB5 Visa reform to build up minimal funding to $800,000
Here’s some further main points I shared with the scholar on STEM OPT after I spoke who is thinking about EB5 Visa for a inexperienced card.
Generic Answers About EB5 Visa
- $500,000 funding should be in peril. Meaning, initiatives the place the cash will likely be invested can’t ensure go back on funding. There’s an opportunity to lose $500,000 and no longer get your inexperienced card.
- Some EB5 buyers take Regional Center Route. While others take Direct Pool Investment to Direct Investment.
- The present processing time is ready 24 months for I-526 software. This is the primary degree after the cash is transferred to the Project (or to Escrow account). Some initiatives and programs have won approvals in not up to 24 months time.
- After I-526 is authorized, if candidates are staying inside america, I-485 could be filed for Adjustment of Status to Green Card. If candidates are outdoor USA, then Consular processing could be executed.
- Investors can make a choice to paintings with EB5 experts and an Immigration Attorney to determine EB5 initiatives or paintings immediately with the Project and Immigration Attorney.
- Expect to pay round $525,000 to $600,000. In further, $500,000 there’s management rate, Attorneys Fee, USCIS software charges, and so forth.
- Dependents and certified youngsters also are eligible to get Green Card.
- If the whole lot works out on your prefer, you can get your Green Card and funding again. Interest for your funding could be shut to 0 p.c.
EB5 for H1B Visa:
FYI: If you’re simply beginning out for your H1B Visa and your Green Card processing simply started or but to start, you’re looking at many years (sure, there’s a “s”) of wait time prior to you’ll get the Green Card. This is according to present employment based totally immigration regulation.
If the H1B Visa holder lived in the USA for over a decade with double source of revenue, relying for your financial savings, if you’ll cobble up $500,000 to spend money on EB5 Visa for Green Card when there’s a minimum of some other decade of wait time. For some with 10 years or extra in the USA may well be ready to have the funds for, however it might include making an investment all your lifestyles financial savings at-risk funding.
If you had only one source of revenue and your partner wasn’t operating, then you definately must to find techniques to acquire $600,000 (401okay, Home Equity, Gift cash, Loan, Selling investments, and so forth.), then it’s imaginable to succeed in the $600,000 restrict.
EB5 for F1 Visa:
If you’ll have the funds for to self-invest $500,000 for EB5 as a scholar in F1 Visa in early 20’s, kudo’s to you. You did just right and please let me now what do you do and how do you do it. I really like to know that 🙂
I feel the possibly state of affairs is the mother or father’s of F1 Visa scholars to sponsor their funding for EB5 via gifting the cash to them.
Over to You:
- Are you taking into consideration Green Card via EB5?
- Do you’ve got another questions on EB5 Visa?
I’ve performed a webinar with an EB5 Visa marketing consultant and replay is to be had for viewing.
Always, take a look at with a certified Immigration Attorney to be informed extra about Green Card via EB5 Visa for H1B Visa and F1 Visa Holders and I’m glad to supply a referral for an EB5 Immigration Attorney, if you wish to have one.