Green Card Alternatives to the EB5 Program for Immigrant Entrepreneurs
Obtaining a green card or planning an immigration Business Plan within the US is not as easy as it might seem. It’s not always a simple task of applying for a US visa and waiting for a green card to be given because there are quite a few tough restrictions for immigrants looking to enter the US. It’s really quite complex whether you think you know all the little loopholes or otherwise but it’s important to understand the alternatives to the EB-5 program. Read on to find out more.
What Routes Are Available?
The EB-5 immigrant investor program remains the most popular methods to obtain a green card but it’s not without its problems. Currently, investors have to be able to invest a large chuck of cash – between half a million and one million dollars – and even when they do this, they aren’t guaranteed permanent residence. What is more, the large investment sum is about to increase making it harder for investors to apply for a permanent resident order. However, what you might not be aware of is that there are a lot of restrictions and limitations for applicants which isn’t something most people are aware of. All conditions must be met and that can be difficult at the best of times.
There are several alternatives to the EB-5 visas including the EB-2 national interest waiver, the EB-1C multinational manager or executive visa as well as the EB-1A extraordinary ability visa. These are not well known visas and yet they can be great alternatives to those who are thinking about EB-5 visas. Some backlogs of applicants might be potentially avoided which is very useful to say the least as the process can be sped up somewhat. However, the above are actual permanent resident visa paths to consider. The EB-5 program is great but it can be highly backlogged and the other routes don’t require any sort of investment which is ideal. Sponsorship of some of these visas is not needed either.
What Is The EB-1A?
Entrepreneurs who are Indian or Chinese born might find these routes are most useful. The EB-1A extraordinary ability visa can be not used all that often unlike the EB-5 which has high backlogs each and every year. The USCIS (United States Citizenship and Immigration Services) will not slow down the process either which means a quick decision will be made. That’s very important for a variety of reasons and it might even be possible to get a final decision within a two week period if not slightly longer. Applicants will be a benefit if they meet three or more of the criteria set out or has received an award internationally recognized.
The EB-2 and It’s Requirements
EB-2 national interest waiver applicants often find the backlog for this category is nonexistent. Usually, it’s a great option for business entrepreneurs who want to make a major contribution to the economy in the US. This is suitable for those born in all other countries outside China and India. However, applicants must be able to show that they’re able to actually go through with their business plans or have the means to do so. They must also be able to show their visit to the US is business related and that there’s a significant benefit to the American government and economy.
The EB-1C Multinational Manager or Executive Visa
Foreign nationals who wish to take their businesses or entrepreneur skills to the US can find the EB-1C multinational manager or executive visas to be ideal. The backlog is very minor if at all and it’s great for those who haven’t been within the US before. For those who want to expand an already established business to the US can find this is the best route for them. Applicants must have been within a managerial position within the last three years for one year permanently.
Getting To Grips with the Visas
It’s not actually easy to understand the visas in their entirety. They are very complex and there are lots of criteria and standards which must be met. For those who aren’t sure which route is best for them, it would be wise to talk to an attorney who understands and is very familiar with the US visa and immigration field. You can spend hours researching these out but sometimes you need help from the professionals who know well this area: http://jdcconsultancy.com/.