EB-5 Visa or Visa By Investment USA Vs. EB-2 visa is a topic of debate for those who are looking to get a Green card in the U.S. Let’s check out why this is the best time to choose the EB-5 Direct Investment Program Over EB-2 Visa.
EB-5 Visa Investment Program
The Employment-Based Fifth Preference Category (EB-5) was designed to draw foreign capital into America in order to provide more employment opportunities and boost the U.S. economy.
Around 10,000 EB-5 immigrant visas are available each year. It is required that the applicant invests a capital amount in the amount of $500,000 or 1,000,000 (depending on whether they invest in a Targeted Employment Area (TEA) in a commercial venture located in the United States. TEA is legally defined as “a rural zone or an area which has seen high unemployment of at 150 percent or more of the typical national .”
The EB-5 investment project must provide or sustain 10 full-time employment opportunities for eligible U.S. workers within two years (or in certain situations in a reasonable time following the two-year period) of the investor’s admission into U.S. citizens in the United States as a Conditional Permanent Resident (CPR).
To be eligible for the category Visa By Investment USA, foreign investors must:-
- Make a $1 million investment in either a brand new or existing U.S. business or commercial venture that can create a minimum 10 full-time U.S. jobs, or
- Make a $500,000 investment in either a brand new or existing U.S. business or commercial company that is located in rural areas or a region that has a high rate of unemployment or
Contact an EB5 Doctors Group to find out how your specific case could fulfill all USCIS guidelines.
[Also Read: What Is The Future Of The EB-5 Investors Program Looks Like In 2022?]
EB-2 Visa Program
The EB-2 visa, also known as the Second Priority Workers visa, is one that targets three categories of individuals. The three groups include:
- Advanced Degree Holders are those who hold advanced degrees, like the Bachelor’s or Master’s Degree, with five years of work experience in their area of expertise.
- People with exceptional capabilities is a term used to describe those who’ve displayed extraordinary abilities and accomplishments in the fields of business, arts, or sciences.
- People who qualify for a National Interest Waiver – are the ones who can show that their work in the U.S is beneficial to the nation as well as being in the U.S national interest.
If you’re a part of one of these groups, then you could be eligible to obtain the visa EB-2. As employment-based visas are limited in the number of visas per year issued, of 140,000 visas for immigration, 28.6 percent are allocated to the EB-2 visa along with any visas left by the EB-1 visa. That means that 40,040 visas, in addition to those that are left from the EB-1 visa, belong to the category of EB-2 visas. Due to this low number of applicants, wait durations for this visa are extremely long.
[Recommended: How EB-5 Direct Investment Is Different From Other Visa Options?]
Benefits of EB-5 Visa Investment Program Compared with the EB-2 Visa
The EB-5 visa by investment USA is considered to be more beneficial and more prestigious than the EB-2 visa for several reasons.
The Ability to Sponsor Yourself
The major benefit of applicants with EB-5 visa doesn’t require a job offer to file and are able to self-petition with no involvement by an employer. The EB-5 visa is an excellent immigration option for those with enough money to be eligible. It doesn’t need an employment contract from a U.S. employer as EB-2 visas do, and neither does it require the issuance of a labor certification.
Follow a Direct Way to the U.S. Citizenship
In contrast to the EB-2 visa, EB-5 is a great option because it has the benefit of being an instant application for a Green Card. If you are admitted to the U.S. through the EB-5 program, you will be granted a conditional green card as well as an immediate path to permanent residency. This can help you avoid problems that could arise from seeking a non-immigrant visa, later seeking a green visa at an earlier date. In addition, you can obtain green cards in less than 3 years, while with an EB-2 visa, it could take up to 10 years.
Short Wait Time
The priority date is currently on the EB-5 Visa for Indians. When priority date dates are set for each category, they vary depending on the country of citizenship; however, the EB-5 is more likely to have fewer applicants due to its greater demands. However, it is to be noted that the most effective method to determine the priority date for one of the EB-5 or EB-2 is to make sure you check the bulletin for visas before making any decision.
[Must Read: Why Hire An Experience Immigration Consultant For The EB-5 Investment Visa?]
Eligibility to waive PERM Labor Certification
In addition, you do not have to go through a PERM Labor Certification procedure if you apply for an EB-5 investor visa. The PERM procedure can be long and cumbersome. It could take anywhere from four to six months to allow the DOL to complete. If your case is subject to an audit review notification, it could make the process take even longer.
Children and Spouse benefits
Immigrant investors, along with their spouses, as well as their children, are eligible to move into the United States. Every family member will be issued a 2-year “Conditional Green Card,” and following the conditional period, after that, the family members and the investor will be eligible for a green card.
As green card holders, you will enjoy all rights and privileges that are granted by citizens (with the exclusion of the right to vote) and are eligible for U.S. citizens within 3 years. The spouse of an investor who is an EB-2 is required to apply for the E-21 visa as well as the children can apply for an E-22 visa. After they receive the visas and permits, your spouse is legally able to be employed in the U.S by obtaining the Employment Authorization Document (EAD).
Conclusion
EB5 Doctors Group is specialized in the EB-5 Direct Investor visa program for Doctors & Dentistwith exclusive benefits. Our team of experts includes business plan writers, lawyers, consultants as well as investors. We help you secure funds for your initial investment of $500,000 in order to start your own practice in the U.S. We are also partners with reliable MSOs and DSOs who will help set up your business without any hassle. Contact us to get your business started with just $100,000 of investment capital.
[Recommended: Top 6 Benefits of Working With EB5 Doctors Group]
