Whether someone moves to the United States to attend college or live with a family member, immigration takes many forms. However, entrepreneurs may have the ability to immigrate by obtaining an EB-5 visa, which is specifically designed for investors. However, there are a number of requirements which are important for those who wish to immigrate to Miami, or another city in Florida, to understand.
To become an immigrant investor, people must first submit Form I-526, according to the U.S. Citizenship and Immigration Services. If approved, investors who wish to come to the U.S. on an EB-5 have two options. First, they can submit Form DS-260 or DS-230 to the Department of Homeland Security. EB-5 visas are also obtainable by filing Form I-485 with the USCIS. When an investor’s EB-5 application is approved, they will have two years’ worth of permanent residence (with conditions).
However, investors will need to prove that they are investing a sufficient amount of legally obtained money ($500,000 or $1 million) and that the investment will create no less than 10 full-time jobs. Furthermore, family members who will work for the business, such as a child or spouse, are not included when calculating how many positions the investment will create.
When turning in an application, investors will need to provide various forms of documentation along with Form I-485, such as a copy of their birth certificate, picture ID issued by a government and two passport-style pictures, among other documents. Once an investor successfully completes the visa application process, they can look forward to new opportunities in the U.S.