Is the EB-5 Visa A Faster Way to a Permanent Green Card?
Does the Immigrant investor program speed-up the US immigration process for wealthy foreign investors while also creating jobs for American workers? The experts at Which EB5 investigate.
Boca Raton, FL (PRWEB) November 5, 2009 -- Entering the United States legally with a green card in hand generally takes months of paperwork, waiting and worrying. According to the latest information from Which EB5, when immigrants consider the potential of the EB-5 investment program, they can see that processing time reduced to mere months.
The recently extended EB-5 green card program enables people to make a job-creating investment in the United States in return for a Visa. Investments must go into targeted regional centers and meet other qualifications, but the overall impact of the program is an economic boon for America and a quicker way to permanent residence status for the individual investors and their families. The program calls for a minimum $500,000 investment.
The EB-5 program recently received a three-year extension from Congress, paving the way for more investors to take advantage of this alternative way to gain a green card. The program has also undergone some revamping to improve processing time and reduce the wait potential immigrants have in obtaining green cards.
"A year ago, it was taking the USCIS an average of seven months to process individual EB-5 Visa petitions," said Andrew Bartlett, joint managing partner of Which EB5 (http://www.whicheb5.com), an organization that specializes in providing information and education to potential EB-5 visa immigrants. "The government has since taken steps to improve the program. The result is applications that are now taking four months or less to process."
When a permanent green card, or eventual citizenship, is the goal, the EB-5 Visa does provide a fast option, Bartlett said.
"It's an avenue that is becoming increasingly popular, but does demand research to ensure an investment made is a sound one."
About Which EB5
The principals of Which EB5 are advocates of immigrant investors and have chosen to be independent by not representing any one regional center. They have worked with more than 900 families and more than 150 who have opted for a regional center program.
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