Can You Get a US Visa by Investing in Philadelphia Real Estate?
Can You Get a US Visa by Investing in Philadelphia Real Estate?
Becoming a lawful permanent resident of the United States is possible with an EB-5 investment visa. Yet you can’t just buy yourself a house in Philadelphia (or any other city in the United States) and expect to meet the requirements. Your single-family residence wouldn’t count at all.
Instead, you must directly or indirectly invest $900,000 or $1.8 million into real estate for a business enterprise, along with meeting the other requirements of the EB-5 visa.
Nevertheless, if you can come up with the money, this is one of the easiest and most straightforward ways to secure a green card which includes a pathway to citizenship. In addition, you can obtain permanent green cards for your spouse and all unmarried children under the age of 21.
Find the Proper Investment
In order to begin the process, you must find an EB-5 approved real estate project and invest in it. There are companies who specialize in helping immigrants find these projects. You could also invest with an EB-5 regional center. There are quite a few of them in Pennsylvania.
You will also have to create a business plan which reflects EB-5 investor program requirements, which is a task a qualified immigration lawyer can help you with.
Finally, your investment must create at least ten full-time jobs for American workers, and you must prove that it has done so. You have two years to meet this goal with your investment. If the investment fails to meet this goal then the visa may be at risk. As real estate does not always create jobs, it may be wise to look into other investments as well.
You’ll receive a conditional green card, which can be adjusted to a permanent green card after a year.
You will also have the right and ability to profit off of your investments, and may be eligible for certain tax benefits (contact an accountant for tax benefits and obligations).
Get Help Today
Choosing an EB-5 visa is a very serious legal and business decision, and it’s not something you should be attempting on your own.
Make sure you add an experienced, qualified immigration lawyer to your team. We can help ensure that your visa application is as strong as possible. If you’re going to invest a million dollars into your quest to move your family to the United States, it is worthwhile to get the job done right.
See also:
5 Steps to a Smoother Immigration Process
Tax Time for Immigrants: What You Should Know
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