Things you must know about EB5 visa!

With increasing globalization, people migrating from one country to another have become a common practice. But in order to enter legally into a foreign land such as United States, holding a visa is essential. To obtain a visa, you need to go through a long immigration process. There are numerous categories that fall under immigration, depending on the purpose of migration.

For example, if you are looking forward to start a business on a foreign land, you first need to obtain an EB-5 visa. Since numerous processes and procedures are involved in each category of immigration, getting in touch with an expert and practiced attorney is crucial. Different attorneys specialize in different fields. For instance a naturalization attorney would be specialized in handling immigration cases related to obtaining permanent citizenship and naturalization processes. Similarly to get an EB-5 visa, you would be required to hire an EB-5 attorney.

Obtaining EB-5 visa for investors – For individuals aspiring to begin a business in the United States, needs to apply for EB-5 visa, which is one out of the categories of different visas. Obtaining this investment visa successful would allow you in residing legally in the US. But one prior condition that needs to be fulfilled before obtaining it is that the person is required to investment a certain capital amount in the United States economy. Holding this visa can get you eligible to get green card.

Certain guidelines regarding certain prior condition that are required to be fulfilled are specified by US citizenship and immigration (USCIS). Every individual applying for this visa must comply with those conditions. Some of the criteria would include constraints regarding job creation, investment capital, etc. before you decide to begin a business, always ensure that the category of business falls under category of and qualifies for EB-5 visa. After you have met prescribed requirements, and got an approval from USCIS, you can apply for green card.

Capital investment requirements: Before you could apply for an EB-5 visa, you must make an investment in a commercial enterprise of one million dollars or at least five lakh dollars. The payment can be made either in case or as secured indebtedness, cash equivalents, equipment, tangible property or inventory as well.

Amount of investment required: Applicants need to make a capital investment of $1 million or at least $500,000 in a commercial enterprise in the country. The investment may be in the form of inventory, cash, secured indebtedness, equipment, cash equivalents, and tangible property and so on.

In order to obtain EB-5 visa successfully without much of hassle, hire an efficient attorney. You can find an EB-5 attorney in a city like New York. An experienced attorney would help you out with every detail regarding the whole immigration procedure.