All You Must Know About EB-5 I-526 Petition

EB-5 is a visa program which will provide you legal Permanent Residence or Green Card in the United States. You can bring your husband or wife and child below the age of 21 with yourself. It is a process through which foreign capital enters the US. These funds are used to create more employment opportunities anywhere across the country.

If you want EB-5 Visa for yourself, then you will have to go through a long procedure, list of applications and programs step-by-step. And the first step in this direction is I-526 petition. It is a must requirement of EB-5. It involves investment of at least $500,000 in the country creating full time employment for at least 10 people. I-526 petition verifies all the statements and documents needed for this investment. There are no reservations and no requirement of relatives living in the US approval, or any kind of sponsorship.

Things verified under I-526 petition are:

  • If the investment is considered at risk then it may lead to the denial of the petition.
  • Source of the money invested has to be lawful
  • All the documents about the source and the investment are required to prove its legality.
  • Investor must take part in the management activities of his new business in the country.
  • Last five years documents of tax returns
  • Detailed financial information
  • If the capital invested is borrowed, all the papers related to that are also required to be submitted.
  • It might take time from three to five months.

EB-5 I-526 is a form for those entrepreneurs who want to immigrate and get a permanent Green Card in the US. The form consists of approximately three pages. You may also apply if you are buying an already existing business and reconstructing it, or just taking it forward. The form must be clearly filled, signed and submitted with the exact fee amount.

With the form, you will have to file evidences proving your substantial contribution towards the welfare of the economy of the involved nation. After submitting your form with all the needed evidences you will wait for the response. In case the US Citizenship and Immigration Services find the form or evidences insufficient, then they may either deny your petition, or may ask for some more evidences. Such evidences may consist of copy of the funds transferred, partnership agreement (if any), and papers proving your financial ability to provide such an investment, etc.

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