EB-5 visa requirement – Iraq
- Requires investor’s investment be US $1.05 M or minimum $800 K in a “TEA”. (Iraqi dinar 1.5 B or 1.1 B)
- Investment is typically through a USA Regional Center project or in a new business directly.
- It is required to create and maintain 10 full time jobs for a minimum of two years.
The U.S. Citizenship and Immigration Services allows 10,000 EB-5 visas a year.
The Central Bank of Iraq is the principal regulator in the banking sector that handles the framework and monetary policy for moving assets and money outside of Iraq.
The EB-5 U.S. Immigrant Investor Visa Program is available to Iraq citizens. There is growing demand for the EB-5 Visa category among Iraq nationals. If you (or your Child) were born in Iraq then you can apply for fast track Green Card category for the United States through the EB 5 USA Investor Visa Program.
Targeted employment area – “TEA” is defined as:
– Rural areas
– Areas with unemployment 1.5x of the national average
Income requirement
Financial criteria for an investor to support a successful business investment:
- A net worth of US $1 million – For an individual or a married couple; or
- $200,000 or more in Individual Income, or $300,000 or more joint income, in each of the two previous years; and
- Comparable level of Future income and assets.
Source of Assets, plus any obligations or legal liabilities associated with these assets, play an important role in your EB-5 application.
Iraqis Investor age requirement
There is no age limit to be an EB-5 investor. However, since a minor probably does not have the assets or income to be eligible as an EB-5 investor on his own, the parents or some other guardian giving him/her the investment amount will need to show the required documents to prove the source of funds.
The only time age matters is if the parent is applying and children are also part of the application as derivatives. They must be under the age of 21 to be included on a parent’s application.
EB-5 visa – Iraq: Investor, Investment, Benefits
Immigrating to the US for Iraq nationals through the EB-5 program is fast and will help you and your family members (spouses and unmarried children under 21) enjoy the following benefits:
- Assured route to permanent residency as long as you fulfill the minimum investment and job-creation requirements with no risk of political rhetoric or popular opinion impacting your immigration status.
- Complete freedom to travel and reside anywhere within the country.
- Get jobs, including government jobs, or setup one or multiple businesses, or simply lead a retired life without any employment or sponsorship-related restrictions.
- As a permanent resident, your unmarried children can:
- Study in some of the best institutions in the world without facing restrictions imposed on foreign students.
- Pay 150% to 300% lower tuition fee as compared to foreign students.
- Enjoy more funding and scholarship options as compared to foreign students.
- Study as a day scholar and avoid long separation from family just to obtain quality education.
- Explore job opportunities without worrying about issues like work permits, sponsorship, processing delays, expiry of visa, or restrictions on job mobility.
- Your spouse will automatically be granted a green card, which means he or she can live, work, and travel just like any other permanent resident without any spouse-centric legal restrictions.
- Enjoy greater international mobility through the visa-free travel privileges available to US green card holders.
EB 5 Iraq – Immigration visa service
Iraq is a target market for EB-5 applicants who are willing to migrate to the United States for educational, business and better career opportunities for themselves, their families along with their children.
United States is the most desired destination for education and career opportunities.
Following their graduation from Western or European colleges, many of the students plan to gain work experience in the host country, and eventually become residents. For U.S.-educated international students, the program can be a path to bypass the H-1B visas.
If wealthy parents “gift” their children EB-5 funds prior to sending them to college, not only would they pay lower tuition fees as U.S. residents, but the post-graduation visa concerns would be eliminated.
How much does EB 5 Visa Cost for Iraqis?
EB 5 visa cost – Iraq
Minimum Investment amount is either US $1.05 M or $800 K (Iraqi dinar 1.5 B or 1.1 B) in a TEA, Investor visa admin costs, $3,675 for I-526, $1,140 for I-485 application, $3,750 I-829 fee and Lawyer’s charges. EB5 visa is a path to a USA residency Green card and US Citizenship.
“TEA” is Targeted employment area defined as:
– Rural areas
– Areas with unemployment 1.5x of the national average
How can a Iraqi get an EB 5 visa in USA?
EB-5 Visa Process – Iraq
- Pick an Investment advisor & Immigration attorney.
- Find EB-5 Project that meets EB-5 program requirements.
- Investment of Capital & Filing of I-526 application with USCIS.
- Apply for Adjustment of status (I-485 application) and DS 260 form.
- 2-Year conditional Green card.
- Permanent residency & I-829 petition.
EB-5 News for Iraq
As per United States Citizenship and Immigration Services (USCIS) Visa Bulletin from June 2023, there is no backlog and no extra wait-time in the timeline for EB-5 applications from Iraq.
Iraq, EB 5 Visa Consultant
EB5 BRICS can help you thru to Immigrant Investor Green Card through our presence in Iraq in conjunction with our U.S. Legal Partner.
Schedule an Appointment with Vivek Tandon, US Lawyer, and an Investment banker to go help you with your situation.
EB5 BRICS, LLC
8383 Wilshire Blvd.
Ste. 800
Beverly Hills, CA 90211
Phone: +1 213.344.5941
E-mail: vivek@eb5brics.com
EB-5 Visa Program Iraq FAQ
How many EB 5 visas does the US government issue for Iraq each year?
Currently, there is an annual limit of 10,000 such visas with a per country limit of about 700 visas. Thus there is a limit of 700 EB5 visas per year issued to Iraqis. This type of visa is increasingly becoming popular with wealthy foreign citizens who want to move to the US.
Can an international student from Iraq with an F-1 visa apply for EB5 visa?
An EB-5 is certainly available for F-1 visa students from Iraq who are in the US. In fact, EB 5 is the preferred path for students and professionals in the US to gain permanent residency allowing them to work and live anywhere in the US without requiring any employer sponsorship.
Can someone from Iraq still apply for EB 5 in 2020?
Yes, Iraqis can apply for an EB-5 visa this year. EB 5 continues to be available despite attempts to limit immigration into the US. EB 5 has been specifically excluded from any immigration bans and changes.
Can an Iraqi citizen apply for EB 5 while on H1b?
Yes, H1-B visa is a dual intent visa which means Iraqis can apply for permanent immigration to the US through EB-5 while they are in the USA on a non immigrant visa such as H-1B.