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For the past few days we have been looking at the reasons why the EB5 visa has been of interest to particular groups of immigrants – today we look at a further case study taken from one of our previous 100+ clients – this relates to a family who needed to change their current E2 visa which did not allow permanent residency in the USA.
The family had relocated to the USA on an E2 visa and had not been made aware of the less well known EB-5 visa at the time or that their children would have to leave the USA at 21. After a year of working in the E2 qualifying business a combination of ill health and business downturn raised concerns that they could be unsuccessful in obtaining renewal.
They were particularly concerned that their children would have to return home after successfully adapting to their school and lifestyle in the USA.
After a discussion with Andrew Bartlett and Tony Olson they looked at the EB-5 regional center pilot program in more detail. Project track record, speed of obtaining the green card and investment with a company that offered a specific exit strategy were important criteria. They decided to invest $500,000 in an established regional center that had a program providing development funds over five years for the expansion of a major state/city conference center, they were less concerned about the modest return on their investment as their focus was on a definitive exit strategy
The required funding for the $500,000 investment was provided by accumulated savings.
The I-526 approval took just over two months and the applicants received green cards a month later – the process taking a total of just over three months.We have continued to keep in touch and checked out issues that have cropped up with them for the benefit of new investors.
If you would like to discuss your case in more detail please contact the partners of Which EB-5.
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