EB-5 Visa Process Explained: A Step-by-Step Guide
It's essential for investors to understand how the EB-5 visa process works.
The application process may seem straightforward, but it has several steps, and investors must meet strict legal and financial requirements.
This guide explains the EB-5 process step by step. You'll learn how it works, how long it takes, and what to expect at each stage.
Overview of the EB-5 process
To get an EB-5 visa, you need to invest in an approved project and submit the required government forms to receive a conditional Green Card. Afterwards, you can apply to remove the conditions and become a permanent US resident.
| Step | Stage | Outcome |
|---|---|---|
| 1 | Choose investment | Select qualifying EB-5 project |
| 2 | Invest funds | Capital committed |
| 3 | File I-526/I-526E petition | Application submitted |
| 4 | Conditional Green Card | 2-year residency granted |
| 5 | File I-829 petition | Apply for conditions to be removed |
| 6 | Permanent residency | Full Green Card obtained |
The EB-5 is one of the five employment-based (EB) visas. To learn more about the other options, read our guide to US visa types.
The EB-5 visa requirements
Before you start your EB-5 application, make sure you meet the programme's requirements.
The main ones are:
- Investment amount: Make a capital investment of at least $800,000 (or $1,050,000 outside a targeted employment area).
- Job creation: Create or preserve at least 10 full-time jobs for US workers.
- Source of funds: Prove that the investment funds are from a lawful source.
For more details, see our full guide to EB-5 visa requirements.
The EB-5 process: Step-by-step
The EB-5 visa has a multistep application process. Below is a general step-by-step overview of the EB-5 process.
Step 1: Choose an EB-5 investment project
The first step is to choose a qualifying EB-5 investment project. You can do this through a regional centre or by making a direct investment.
Regional centres are the most popular option for investors because they handle daily business management. They also offer more flexibility for job creation.
The key considerations are:
- Project credibility and track record
- Job creation potential
- Risk level
Read our guide to learn more about EB-5 investment projects.
Step 2: Invest the required capital
Once you have selected a project, you must invest the required capital. Projects in a targeted employment area (TEA) require a 27% lower minimum investment than projects in non-TEA areas.
The minimum investment is:
- $800,000 in a targeted employment area (TEA)
- $1,050,000 in other areas
The investment must be 'at risk' to qualify. Read our article for a full breakdown of EB-5 visa costs.
Step 3: File Form I-526E/I-526
Next, file either Form I-526 for direct investments or Form I-526E for regional centre investments.
Form I-526/I-526E demonstrates:
- Your eligibility for the EB-5 visa
- That investment funds are from a lawful source
- That the investment meets the programme requirements
An immigration attorney often handles filing these forms.
Step 4: Obtain a conditional Green Card
Once you have I-526 approval, you can apply for a conditional Green Card for yourself and your family. This includes your spouse and unmarried children under 21.
A conditional Green Card grants:
- The right to live and work in the United States
- A 2-year conditional residency period
At this point, if you live outside the US, you can apply for consular processing. If you are already in the US, you can apply for an adjustment of status by filing Form I-485.
Step 5: File Form I-829
You can file Form I-829 up to 90 days before your two-year Green Card expires to remove the conditions.
This step proves:
- Your investment remained active
- The required jobs were created/preserved
Step 6: Become a permanent resident
After Form I-829 is approved, you receive a full, unconditional Green Card. This allows you to:
- Permanently live, work, and study in the US
- Travel freely
- Sponsor eligible family members
Step 7: Apply for US citizenship
After you have been a permanent resident for five years, you can apply for US citizenship. As an EB-5 Green Card holder, the United States must have been your primary country of residence during those five years.
How long does the EB-5 process take?
The whole EB-5 process can take several years. In some cases, you may get a two-year conditional residency in 4 to 9 months. After that, you can apply for permanent residency.
EB-5 visa processing times can change depending on:
- Application volume
- EB-5 project type
- Country of origin
Navigate the EB-5 process with ease
The EB-5 process involves complex legal and financial steps. Professional guidance is essential to avoid costly mistakes and give your application the best chance of success.
At Holborn Pass, we specialise in US immigrant visas and offer expert advice and support throughout the application process.
Talk to one of our EB-5 specialists to learn about your options and take the next step with confidence.