What Is the Acceptance Rate For EB-5 Visa?
Immigration has played an important role in the history of the United States, and it continues to do so today. There are currently various types of immigration programs for people to gain the right to live in the U.S. Each visa program has unique requirements, acceptance rates, and timelines. In this blog, we focus on understanding the acceptance rate for an EB-5 visa.
Overview of EB-5 Visa
The Immigrant Investor Program, commonly known as the EB-5 Visa, is one of the more reliable and quick ways to gain a U.S. green card. It allows foreign investors or entrepreneurs and their dependents to become lawful residents of the United States.
There are several advantages to pursuing the EB-5 Vise, including not needing any labor certification to demonstrate a shortage of U.S. workers. The U.S. visa quotas also don't apply to the EB-5 programs. What’s more, there’s no need to prove any extraordinary skill or ability in business to secure an EB-5 Visa.
The EB-5 Visa was created by the United States Congress Immigration Act of 1990. However, the program has some new regulations that took effect on November 21, 2019. According to the latest regulations, the EB-5 visa now requires a minimum investment of $900,000 for targeted employment areas and up to $1.8 million for other investments.
Acceptance Rate For EB-5 Visa
To get an EB-5 visa, you are required to file either the I-526 to demonstrate to the USCIS that you comply with all tangents and laws of the EB-5 visa program. During the last 90 days of the two-year conditional permanent residence, the EB-5 candidate must file I-829 to remove the conditions on permanent resident status.
The approval rate of I-526 generally ranges from 75% to 80%. The approval rate of I-829 is generally above 90%. According to EB5 Global Ventures Legal Services - EB5 Visa Lawyer, the acceptable rate can vary from year to year depending on several factors, including changes in immigration regulations. For the most up-to-date information about the acceptance rate for an EB-5 visa, it’s best to consult with an experienced lawyer.
For a successful application, you will be required to provide supporting documents demonstrating finances and all aspects of your EB-5 investment. The applicants are also required to show the funds for the investment were lawfully sourced.
How Can EB-5 Visa Lawyers Help?
While the acceptance rate for an EB-5 visa is high, you still need to conduct your due diligence for success. A skilled EB-5 lawyer can help applicants through all steps of the process, including investment structuring to ensure the investment qualifies for the visa program.
The lawyer can also provide assistance in paperwork as extensive documentation is often required for a successful EB-5 application. The biggest reasons for an EB-5 visa rejection include the inability to demonstrate the legal source of funds, regional center issues, and unqualified investment. With the legal expertise of a visa attorney, you can navigate through challenges to ensure smooth progress for a successful EB-5 visa program.
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