EB5 Investment Visa?
#1
Just Joined
Thread Starter
Joined: Apr 2009
Posts: 5
EB5 Investment Visa?
For the investment visa I did some research and the website stated this;
Invest $500,000 into a Government designated Regional Centre and avoid direct employment.
Is it THAT simple? You just invest $500,000 and recieve a Green Card?
If me and my partner want to do it this way, and we're not married, does that mean we would have to invest 500,000 each?
After investment, that means we can work legally right in the USA?
Invest $500,000 into a Government designated Regional Centre and avoid direct employment.
Is it THAT simple? You just invest $500,000 and recieve a Green Card?
If me and my partner want to do it this way, and we're not married, does that mean we would have to invest 500,000 each?
After investment, that means we can work legally right in the USA?
#2
Re: EB5 Investment Visa?
then every penny has be proved where it came from... eventually you will get a Conditional greencard
If me and my partner want to do it this way, and we're not married, does that mean we would have to invest 500,000 each?
After investment, that means we can work legally right in the USA?
#3
Just Joined
Thread Starter
Joined: Apr 2009
Posts: 5
Re: EB5 Investment Visa?
What exactly is a Conditional Green Card? How is it different to a normal Green Card?
#4
Re: EB5 Investment Visa?
Those of you with conditional permanent residence either received your residence through a marriage relationship where the marriage was less than two years old at the time you became a Permanent Resident, or you received that status through an investment as an employment creation immigrant (EB-5). If you successfully petition for removal of the condition on your immigration status, this page will still apply to you as a Permanent Resident.
Sec. 216.6 Petition by entrepreneur to remove conditional basis of lawful permanent resident status.
Petition by Entrepreneur to Remove Conditions
#5
Account Closed
Joined: Sep 2002
Posts: 16,266
Re: EB5 Investment Visa?
The term "green card" is the nickname for the status of lawful permanent residence. In the marriage and investor arenas, Congress has imported the contract concept of "conditions." An example of the effect of conditions might be found in real estate leases. For example, lets say you signed a lease on September 1, 2001 for space in New York's World Trade Center at $3,000 per month for 10 years starting October 1, 2001. There were several implied conditions to that contract. One the landlord could not supply the contracted space due to the unanticipated demolition of the premises by third parties on September 11, 2001. This failure of condition also excused the promise to pay $3,000 per month.
There is essentially no difference between a "conditional" and a non-conditional green card. They are both lawful permanent residence. However, if one fails to comply with the condition of filing an application to remove the condition, the green card disappears by magic.