The complete application processing time for the eb5 investment visa to the US is around 18-24 months for the complete approval, and six to nine months when it comes to the processing of green cards.
The visa is known as eb5 investment visa as it is an employment-based preference immigration class that needs the applicant to be engaged with a current commercial enterprise in the US which profits the economy of America, by fashioning or supportive of a minimum of 10 full time that could either be direct or indirect jobs.
The eb5 visa cost comes to $3,675 which is the cost of the petition filing fee for the I-526 application. The candidate may not be a part of in day-to-day processes of the invested commercial enterprise, but should at least hold a minimum designation at the policy level. If the individual is investing in a present commercial enterprise that business should have been started post the date of November 29, 1990.
Usually, an annual quota of 10,000 visas is recognised under the eb5 visa category each year. Underneath this pilot program, a minimum of 3000 quotas have been carved separately for chosen regional centres for the eb5 investment visa.
After the approval of the eb5 visa application, a conditional Green Card is issued to the claimant as well as the spouse and dependent children for a time span of two years. Post 21 months of possessing the conditional EB-5 Green Card.
The candidate applies for elimination of condition by furnishing an evidence that the investment would mean the generation of 10 US jobs during the conditional status.
