EB 5 Visa Process & Steps for Vietnam
For a Vietnamese national Immigrating via the EB 5 visa route to a lawful permanent resident involves the following steps.
Complete preliminary steps like finalizing your EB 5 investment adviser consultant and immigration attorney, identifying the right investment vehicle, and initiating the investment process.
- Begin the formal application process by filing the Form I-526 petition with the US Citizenship and Immigration Services (USCIS)
- I-526 Petition: Deploy the investment post I-526 petition approval and apply for two-year conditional permanent residence for self and eligible dependents.
- Within 90 days of expiry of conditional permanent residence, file Form I-829 for removal of conditions on the permanent residence status.
- If the minimum amount to invest and job-creation requirements were met throughout the process, then the conditions will be removed and the applicant and eligible dependents will acquire permanent resident status in the USA. Personal Real Estate purchases such as the cost of a house does not count as a qualifying EB5 investment.
A Vietnamese national Immigrating via the EB 5 visa route to a lawful permanent resident involves the following steps.
Finalize Your Advisor
The EB-5 visa process is a combination of investment and legal processes two extremely complicated processes. Hence, the first step ought to be finalizing the most eligible and credible EB-5 investment adviser consultant and an immigration attorney. Learn more EB5 Brics.
Identify the Right Investment Vehicle
With the help of the investment advisor analyses certain aspects of the investment decision like-
- Comparing pros and cons of the two ways to do an EB5, direct EB-5 investment as compared to the Regional Center route to the US green card.
- If using the RC EB 5 then Identifying the right Regional Center project, verifying the legal credibility and financial viability of the Center and its project.
- Detailed analysis of the project’s financial standings and operational plan including creation of jobs by the RC, the New Commercial Enterprise, and the Job Creating Enterprise.
- Establishing oversight over smooth implementation of the project and providing for redeployment of capital, if required, and return of capital along with accumulated returns, if any, at the end of the EB-5 visa process.
Filing the I-526 Petition
Begin the formal application process by filing the Form I-526 petition with the US Citizenship and Immigration Services (USCIS). This step may involve the deposit of the investment funds from Vietnam into an escrow account for deployment after the petition is approved.
Post I-526 Approval
Upon approval of the I-526 petition, apply for two-year conditional permanent residence for self and eligible dependents by applying for adjustment of status or visa for entry into the US depending on your location.
Removal of Conditions
Once the conditional green card period of 2 years is over and If the minimum amount to invest and job-creation requirements were met throughout the process, then the immigration attorney files the I-829 petition for the conditions to be removed and the applicant and eligible dependents will acquire permanent resident status in the USA.
Investors from Vietnam must apply for removal of conditions by filing Form I-829 within 90 days of expiry of the two-year conditional residence visa. Contact us for more information.