These are the costs of an EB-5 Visa for Canada investors.
- EB-5 investment
- $800,000 (C$1,069,380 CAD) for a Targeted Employment Area
- $1,050,000 (C$1,403,561.25 CAD) for a non-Targeted Employment Area
- Form I-526- $3,675 (C$4,912.46 CAD)
- Application to Register Permanent Residence or Adjust Status (Form I-485)- $1,140 (C$1,523.87 CAD)
- Form I-829- $3,750 (C$5,012.72 CAD)
The U.S. Citizenship and Immigration Services (USCIS) allows 10,000 EB-5 visas a year.
Bank of Canada – Banque du Canada is the Agency that has framework and monetary policy for moving assets and money outside of Canada. See their policy here.
What is the Priority Date for EB5 Visa for Canada Investors?
The EB-5 Visa for Canadian investors is on “current” status according to the Visa Bulletin released by the U.S. Department of State (DOS). “Current” status means that there is no backlog in the application for EB-5 Visa for Canadian investors.
How Long Does it Take to Acquire an I-526 Approval for the Canada Investor under EB 5?
The USCIS approves all I-526 applications for an EB5 Visa. The processing of I-526 depends on the complexity of the case and the service center processing the application. The approval of an I-526 for Canadian investors can take between 29.5 to 61 months.
What are the Challenges for Canada Investors for EB-5?
Canadian investors face certain challenges when applying for the EB-5 Visa. The first is the ability to meet the minimum investment capital. The Canadian investor should be prepared to supply the minimum investment and all other costs for the EB5 Visa. The second is the risk of losses in the EB5 investment project. There is no guarantee of repayment in the EB5 project. The main benefit of the EB-5 Visa for Canadian investors is getting permanent residence in the US. The third is the occurrence of fraud schemes that target EB-5 investors. Hiring an EB-5 attorney, consulting the right experts, and working with the right EB-5 partners help solve these challenges of the EB-5 Program.
What is the Best Project to Invest in with an EB-5 Visa for Canadian Investors?
The top EB5 projects for Canada investors include hotel construction and real estate. A hotel construction EB5 project generates numerous jobs to meet the minimum job creation criterion of an EB-5 Visa. A real estate EB-5 project has a readily understandable exit strategy for Canadian investors. EB5 Projects are the businesses invested in by Canadian investors to apply for EB5 Visa.
What Does the Future Hold for EB-5 Investors from Canada?
Canada investors do not face any backlogs in the application for EB-5 Visa. The “current” status of EB5 Visa for Canada investors is an advantage in the growth potential of the EB5 market for Canadian investors.
What are the Other US Visa Available for Canadian Nationals?
Most circumstances do not require Canadians to have a visa to enter the US. Immigrant petitions are approved by the USCIS prior to applying for visa approval. The petition is filed by a qualified relative or a potential employer. Nonimmigrant visas are available to foreign citizens who wish to enter the United States temporarily. Nonimmigrant visas are granted to tourists, business people, students, or specialty workers for a particular period of time to accomplish specific purposes.
The following are the US Visa Types available to Canadian nationals.
- Fiancé(e) K-1 nonimmigrant visa. For a foreign fiancé(e) of a U.S. citizen traveling to marry in the U.S. Children of the foreign fiancé(e) can enter the U.S. with a K-2 Visa. The foreign fiancé(e) is allowed to stay in the U.S. to apply for permanent residency after marriage.
- K-3 Visa. For the foreign spouse of a U.S. citizen traveling to reside in the U.S. while awaiting final completion of their immigration. The spouse’s children can enter the U.S. with a K-4 Visa.
- V-1 Visa. For the spouse of a lawful permanent resident who is traveling to reside in the U.S. while awaiting completion of their immigration process. A V-2 Visa is given to the children of the V-1 Visa holder.
- Treaty Trader (E-1) and Investor (E-2) Visa. For citizens of countries with treaties of commerce and navigation with the U.S. Federal regulations recognize E Visas as dual intent.
- A Visas. For Canadian government officials entering the U.S. for temporary or permanent assignment.
- G Visas. For officials and employees of international organizations entering the U.S. for temporary or permanent assignment.
- North Atlantic Treaty Organization (NATO) officials, representatives, and employees, only if they are being assigned to the U.S.
What is the Most Popular State in the United States for Canadian Investors to Migrate to?
Canadian immigrants were concentrated in California (16%) and Florida (14%) from 2015-2019 according to the Migration Policy Institute. These are followed by the states of New York (7%) and Texas (6%).
What is the Current Retrogression Situation for Canadian Investors?
There is no retrogression in the EB5 application for Canada investors. Canadian investors do not face EB-5 Visa backlogs, unlike China and India.
What is a Targeted Employment Area?
A targeted employment area (TEA) is a region in the United States where the threshold for investment is $800,000 (C$1,069,380 CAD) for Canadian investors to qualify for the EB-5 Visa. The two kinds of targeted employment areas are high unemployment areas and rural areas.
What Other Countries can Invest in the EB-5 Visa Program?
There were nearly 100,000 foreign investors who obtained permanent residence in the United States via the EB-5 Program from 2012 to 2022 according to “The United States EB-5 Program” by Investment Migration Insider. About 80% of EB5 investors come from Taiwan, China, South Korea, and the United Kingdom. Below are the top countries that apply for the EB-5 Visa.
Is USA a Good Foreign Market to Invest in for Canada Citizens?
Yes, foreign direct investment (FDI) in U.S. from Canada was $495.7 billion in 2019 according to the Office of the United States Trade Representative. Canada’s foreign direct investment (FDI) in the US increased by 9.2% from 2018 to 2019.
Can EB-5 Visa Attorney Speed Up the Process of EB-5 Visa?
Yes, an EB-5 Visa attorney helps Canadian investors in their application to speed up its processing. Delays from processing errors and documentation issues can be prevented by working with an EB5 Visa Attorney.
Is Obtaining an EB-5 Easy for Canada Investors?
Canadian investors do not face retrogression for the EB-5 Visa. Canadian investors can receive their EB5 Visas faster because of the “current” status in the visa bulletin.
Can a Canadian Investor Borrow Money for EB-5 Visa?
Yes, Canadian investors can use loans for their EB-5 Visa application. The borrowed money has to be secured by assets and the collateral cannot be the same EB-5 business.
Can a Canadian Invest in the United States?
The EB5 Visa and the E-2 Visa are the two investment visas in the United States. The E2 Visa is a nonimmigrant visa that allows nationals of treaty countries to invest in a US business. A treaty country maintains a treaty of commerce and navigation with the US. Canada has an existing treaty with the United States and qualifies for the E2 Visa.
The E-2 Visa does not have a direct path to a green card, unlike the EB5 Visa. A substantial investment of at least $150,000 (C$200,508.75 CAD) is required for an E-2 Visa investment. There is no requirement for minimum job creation for E2 Visa.
Does a Canadian Need a Visa for USA?
Canadians normally do not require a visa to enter the United States. Canadians need to have a US visa for purposes of work, study, investment, or immigration to the US.