Can I get a loan for EB-5?
Can I get a loan for EB-5?
Generally speaking, prospective investors can take bank loans to participate in the EB-5 program. However, the loan must be secured by assets, and the collateral cannot be the very EB-5 business one invests in. Investors also need to submit to USCIS the thorough documentation on the terms and conditions of the loan.
How much money do you need for an EB-5 visa?
The EB5 visa is an investment-based visa for investors. The basic requirements to get an EB5 visa are that you must invest at least $1,800,000 (or in some cases $900,000) in a US business and create 10 jobs for US workers.
What is the EB-5 Immigrant Investor Program?
Administered by the U.S. Citizenship and Immigration Services (USCIS), the EB-5 Program, also known as the Immigrant Investor Program, allows qualified foreign investors who meet specific capital investment and job creation requirements, to obtain their permanent residency and become proud contributors to U.S. …
How long does an EB-5 take to process?
The average processing time for the EB-5 visa is six months, and the initial application and petition are usually approved within 60 days from the date of filing. You will, however, have to also wait for the United States Citizenship and Immigration Services (“USCIS”) and Department of State to schedule an interview.
How much should I invest in Canada to get PR?
Many people will ask “how much do I need to invest to get Canada PR?” In order to invest in the government, you must provide $150,000 – $800,000 CAD to the Canadian government. After some time the government will provide you Permanent Residency.
What happens when an EB-5 project fails?
If the project fails, your removal of condition will be denied. You could make another investment and re-apply but unless the company can show that the jobs were created and are still present at the time of your removal of conditions, there is not much that can be done to save your status.