With the increasing restrictions in the United States immigration program along with challenging demand for evidences and increased denials rates, it is becoming difficult to obtain the US visa these days, disrupting many American Dreams.
This has made the investment-linked visas a popular choice for aspirants as there are fewer restrictions in comparison to other visas. One of such investment visas is EB-5 which gives high-net-worth individuals an opportunity to get permanent residence in the United States not only for themselves but also for their spouses and children under the age of 21.
An EB-5 investor is required to invest a specified sum in projects in the US and generate 10 jobs for US citizens. EB-5 investor-families get green cards after their applications are approved, as opposed to other employment-based visa categories such as H-1B and L1 visa, which only grant work permits. Most importantly, an EB-5 investor does not need an employer to sponsor his/her petition and can enjoy the freedom of living or working anywhere in the United States.
However, USCIS has allocated a quota of only 700 applications per country each year. This limitation and the tightening the laws for other visas is making people desperate to file their I-526 application as soon as possible to avoid longer wait time.
The desperateness has led many investors to skip thorough checks and verification on immigration attorneys and regional centers. The investors are failing to understand that EB-5 Program is complex, and one misstep can lead to months of delays, requests for extensive documentation, or even flat-out application denial.
EB-5 is a multifaceted program and an experienced EB-5 immigration attorney is a must to assist the investor with the intricate procedure. The EB-5 immigration attorney also helps the investor find a suitable project to invest it, he/she can do all the pre-filing work, can assist with the transition from conditional residency to permanent residency, etc.
Working with attorneys and regional centers which can prove that they have a solid track record with a significant number of petition approvals, thousands of green card issuances as well as timely and full principal repayments is a vital part of the EB-5 process that will save investors both time and possibly additional expenses. As with any investment, if the promises sound too good to be true, they usually are. Investors should not be swayed by promises of fantastic returns and remain focused on the primary goal of the EB-5 investment – which is obtaining a green card in a safe legal, manner with capital protection.
The guidance of an experienced and knowledgeable EB-5 immigration attorney and regional center is extremely necessary for a potential investor to avoid all the usual pitfalls of the program and keep them on track to reaching their goal of acquiring US green cards for their family in a timely manner. It is essential that investors focus on regional centers with transparency, credibility and a proven track record of EB-5 projects.
CanAm Enterprises, with over three decades of experience promoting immigration-linked investments in the US and Canada, has a demonstrated track record of success. With over 60 financed projects and $3 billion in raised EB-5 investments, CanAm has earned a reputation for credibility and trust. To date, CanAm has repaid more than $2.26 billion in EB-5 capital from over 4,530 families. CanAm manages several USCIS-designated regional centers that stretch across multiple states. For more information, please visit www.canamenterprises.com.