Posted on Feb 29, 2016
Living the American dream isn’t just a hope for Americans, it is a vision that is shared by millions around the world. There are various ways that people make their way to America. There are various visa options available. You can even win a green card through a lottery process. But let’s talk about Investor visa.
An Investor visa is a visa that was born to life via the Immigration Act of 1990. This visa allows a foreign national to obtain a green card by investing money into the United States. The requirement is that an individual must make a $1,000,000 invest (or at least $500,000 high unemployment or rural area) that creates or preserves at least 10 jobs for U.S. workers. This of course excludes the investor and anyone in their immediate family. Another stipulation is that the money cannot be borrowed.
If the Investor visa application is approved for the foreign national, they are granted conditional permanent residency for 2 years. 90 days before the 2 years expires, the investor must submit proof that they created or that they will be creating in a reasonable time, the 10 jobs and that they paid the required investment in full. The investment must be a real operating commercial or entrepreneurial entity. Uncommitted funds sitting in a bank account are not considered an investment.
To even be eligible an applicant has to file a Form I-526 (Immigrant Petition by Alien Entrepreneur) via the US Citizenship and Immigration Services (USCIS). The petition must be approved by USCIS before the applicant can move forward and apply for an immigrant visa at U.S. Embassy or Consulate in their country. Once it is approved it is sent to the National Visa Center (NVC). The next form that needs to be completed is the DS-261(Choice of Address and Agent).
During this application process the applicant is charged fees. There is a $165 USCIS Immigrant Fee. This fee is required unless you qualify for one of the exemptions. This fee is used to process the application and for the green card. The Department of State charges $205 for filing.
The next step is gathering and preparing the required documents you will need before the visa interview. You will need your passport, the confirmation page from your DS-160, your application fee payment receipt, an uploaded photo, and your Investor visa application. Then lastly, you will attend your visa interview and get digitally fingerprinted.
That is the last steps that need to be taken before a decision is made. If your petition is approved, your spouse and unmarried children younger than 21, are eligible to apply for an immigrant visa as well. They must file all the requirement documents and pay the fees just as you did. This is the same for same-sex couples as well.