Understanding EB-5 Visa Immigration
Why Choose an EB-5 Visa?
While there are many visa options available to foreign investors, such as visitor for business (B-1), treaty investor (E-2), orintra-company transfers (L-1), these options are all for “nonimmigrant” visas. In other words, they authorize a temporary stay and carry with them many restrictions. For instance, eligibility for the E-2 nonimmigrant investor visa is restricted to nationals of certain treaty countries. In contrast, the EB-5 visa is an immigrant visa, open to all nationalities, granting the qualifying applicant permanent resident status, commonly known as having a "Green Card."
Permanent resident status carries with it many benefits of which investors would want to avail themselves.
- - A Green Card holder can petition for permanent resident status for his spouse and children under the age of 21.
- - It removes employment restrictions, allowing the investor to work in any field he desires, as well as making him eligible for social security upon retirement.
- - It makes international travel simpler, as an I-94 is no longer required upon entering the country.
- - It allows foreign national homeowners to apply for homestead exemption and realize significant tax savings.
Essentially, becoming a permanent resident affords the Green Card holder all the rights and benefits of American citizenship except voting rights. If the investor desires, permanent residents may apply for naturalization (citizenship) after 5 years.