These are the costs of an EB-5 Visa for Kuwait investors.
- EB-5 investment
- $800,000 (KD247,712 Kuwaiti Dinar) for a Targeted Employment Area
- $1,050,000 (KD325,122 Kuwaiti Dinar) for a non-Targeted Employment Area
- Form I-526- $3,675 (KD1,137.93 Kuwaiti Dinar)
- Application to Register Permanent Residence or Adjust Status (Form I-485)- $1,140 (KD352.99 Kuwaiti Dinar)
- Form I-829- $3,750 (KD1,161.15 Kuwaiti Dinar)
The U.S. Citizenship and Immigration Services (USCIS) allows 10,000 EB-5 visas a year.
National Bank of Kuwait is the regulatory body that has framework and monetary policy for moving assets and money outside of Kuwait.
How can I Transfer EB-5 Funds from Kuwait?
Kuwait investors need to prove that they invested the minimum amount required by the EB-5 Visa. Form I-526 must show that the EB-5 investment was acquired and transferred lawfully. Kuwait investors have to transfer the EB-5 investment fund into the EB5 project’s escrow account prior to filing Form I-526. An escrow account is an interest-bearing bank account. An escrow account keeps huge sums of money for businesses until all transactions are complete. The escrow agreement should state that the entire amount of required capital will be invested in the EB-5 project. The bank holding the escrow account should show no relationship to the Kuwait investor and the EB-5 project.
What is the Priority Date for EB5 Visa for Kuwait Investors?
The EB-5 Visa for Kuwait investors remains on “current” status according to the U.S. Department of State (DOS) October 2022 visa bulletin. “Current” status means that there is no retrogression (backlog) in the application for EB-5 Visa for Kuwait investors.
How Long Does it Take to Acquire an I-526 Approval for the Kuwait Investor under EB 5?
The USCIS approves all I-526 applications for an EB5 Visa. The processing of I-526 depends on the nature of the case and the service center processing the application. The approval of an I-526 for Kuwait investors can take between 29.5 to 61 months.
How can a Kuwait Citizen Immigrate to the United States Using the EB-5 Program?
The process of immigration for Kuwait investors using the EB-5 Program involves 6 steps.
- Petitioning for an EB-5 Visa. Filing of Form I-526 to the USCIS.
- Applying for an EB5 Visa. Form I-526 must be approved by USCIS prior to applying for the EB5 Visa.
- Applying from overseas. Filing of the Online Immigrant Visa and Alien Registration Application (Form DS-260).
- Applying within the US. Filing of Application to Register Permanent Residence or Adjust Status (Form I-485).
- Granting of EB-5 Visa.
- Obtaining conditional permanent residence. The conditional green card is valid for 2 years for the Kuwait investor and his/her dependents.
- Removing conditions on permanent residence. Form I-829 is submitted to USCIS within the 90-day period prior to the second anniversary as an EB5 investor in the US.
- Gaining lawful permanent residence. A lawful permanent residence (unconditional green card) is valid for 10 years.
What is the EB-5 Visa Statistics for Kuwait Investors?
There were 6 EB-5 Visas released to Kuwait investors in FY 2023 according to the Report of the Visa Office 2023 from the U.S. Department of State (DOS).
What are the Challenges for Kuwait Investors for EB-5?
Kuwait investors face specific challenges when applying for the EB-5 Visa. The first is the ability to meet the minimum investment capital. The Kuwait investor should be prepared to supply the minimum investment and prove a legal source of EB5 funds. 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 Kuwait 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 reputable 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 Kuwait Investors?
An EB-5 project is the business investment required for an EB-5 Visa for Kuwait investors. Popular EB-5 projects include the real estate and hotel construction industries. An EB-5 Project Related to Real Estate has a readily understandable exit strategy for Kuwait investors. An EB-5 Project Related to Hotel Construction allows for the generation of multiple jobs for Americans.
What Does the Future Hold for EB-5 Investors from Kuwait?
Kuwait investors do not face retrogression (backlog) in the application for EB-5 Visa. The “current” status of EB5 Visa for Kuwait investors is an advantage in the growth of the EB5 market for Kuwait investors.
What are the Other US Visa Available for Kuwait Nationals?
Immigrant and nonimmigrant visas are available to Kuwait nationals to grant entry to the United States. 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 Visas available to Kuwait nationals.
- Family-Based Immigration. For foreign citizens sponsored by an immediate relative who is a U.S. citizen or a U.S. green card holder and is at least 21 years old.
- Fiancé(e) K-1 nonimmigrant visa. For a foreign fiancé(e) of a US citizen. The foreign fiancé(e) is allowed to stay in the U.S. to apply for permanent residency after marriage.
- Employment-Based Immigration. For qualified applicants under the provisions of US immigration law. The EB-5 Visa falls under the Employment Fifth Preference (E5).
- Diversity Visa. For countries with low rates of immigration to the US in the previous 5 years.
- Returning Resident Visa. For permanent residents who have remained outside of the US for more than 1 year, or beyond the validity period of their Re-entry Permit.
- B-1/B-2 Visitor Visa. For people traveling to the US for business or pleasure, or for medical treatment.
- Work Visa. For temporary workers petitioned to work in the US.
- Student Visa. For foreign citizens who wish to study in the US.
- Exchange Visitor Visa. For foreign citizens participating in exchange programs.
- Transit/Ship Crew Visa. For foreign citizens traveling in immediate and continuous transit through the US en route to a foreign destination.
- Religious Worker Visa. For individuals seeking US entry to work in a religious capacity on a temporary basis.
- Domestic Employee Visa. For personal or domestic servants who are accompanying an employer to the US.
- Journalist and Media Visa. For representatives of the foreign media traveling to the US to engage in their profession while having their home office in a foreign country.
What is the Most Popular State in the United States for Kuwait Investors to Migrate to?
Kuwait belongs to the Middle East/North Africa (MENA) region along with Egypt, United Arab Emirates, Libya, and Jordan. Middle East/North Africa (MENA) immigrants are dispersed throughout the United States. Most MENA immigrants reside in the states of California (18%), Michigan (10%), New York (9%), Texas (8%), and New Jersey (6%) according to the Migration Policy Institute.
What is the Current Retrogression Situation for Kuwait Investors?
There is no backlog in the EB5 application for Kuwait investors. Qualified Kuwait investors are able to obtain their EB-5 Visas faster compared to applicants from India and China.
What are the Issues Experienced by the Kuwait Citizen with the EB-5 Visa?
The two common issues with the EB5 Visa application for Kuwait investors are job creation and inadequate proof of funds. The Kuwait investor’s business plan should prove that the EB-5 project will be able to create a minimum of 10 new full-time American employees. The Kuwait investor needs to prove that the EB-5 investment was acquired legally and will be used for the EB-5 project. Documents such as proof of ownership and registration, income tax returns, bank account reports, and salary reports should be submitted to the USCIS to prevent application denials.
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 (KD247,712 Kuwaiti Dinar) for Kuwait 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 Kuwait Citizens?
Yes, the United States has a stable and welcoming EB-5 market for Kuwait investors. The U.S. has a robust legal system, tax incentives, reliable infrastructure, and access to one of the top consumer global markets.
Can EB-5 Visa Attorney Speed Up the Process of EB-5 Visa?
Yes, an EB-5 Visa attorney helps Kuwait investors in speeding up the EB5 Visa processing. Delays from processing errors and documentation issues can be prevented by hiring an EB5 Visa Attorney.
Is Obtaining an EB-5 Easy for Kuwait Investors?
Kuwait investors are able to obtain their EB-5 Visas faster because of the “current” visa bulletin status of the application for Kuwait.
Can a Kuwait Investor Borrow Money for EB-5 Visa?
Yes, Kuwait investors can use loans for their EB-5 Visa application. The loan has to be secured by assets and the collateral cannot be the same EB-5 project.
Can a Kuwaiti 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. Kuwait does not have an existing treaty with the US. Kuwait investors can apply for the E-2 Visa by getting a second passport from treaty countries of the US such as Canada, the United Kingdom, and Australia.
The E-2 Visa does not have a direct path to a green card, unlike the EB-5 Visa. A substantial investment of at least $150,000 (KD46,446 Kuwaiti Dinar) is required for an E-2 Visa investment. There is no requirement for minimum job creation for E2 Visa.
Does a Kuwaiti Need a Visa for USA?
Yes, Kuwait citizens need to have a visa to enter the United States. Kuwait does not qualify for the Visa Waiver Program that allows citizens from 38 countries to travel visa-free to the US. Countries that qualify for the Visa Waiver Program include Australia, Germany, Japan, New Zealand, and South Korea.