What is a Green Card through Investment?
Green Cards through investment
(also called Fifth Preference) are available to anyone who invests
a certain amount of money U.S. by creating a business or expanding
one that already exists. The investor must be active in the management
of the company. A number of investors may join together in creating
or expanding a U.S. business and each may qualify for a green card
through the single company. However, the individual investment of
each person must still be for the minimum qualifying amount, and
each investor must be separately responsible for the creation of
new jobs. 10,000 principal applicants a year are approved for a
green card through investment (spouses and family members are not
considered principal applicants). Out of the 10,000, 3,000 are allocated
to so call “targeted employment areas.”
Principal Requirements:
Direct investment in the U.S.
in the amount of $1 million dollars or more in a new business or
expansion of an existing business which employs at least 10 full-time
U.S. workers.
Direct investment in certain “targeted employment areas” in the
amount of $500,000 or more in a new business or expansion of an
existing business which employs at least 10 full-time U.S. workers.
“Targeted employment areas” include rural areas or urban areas with
an unemployment rate certified buy the state government to be at
least 150 per cent of the national average. Rural areas are defined
as any location not part of an official metropolitan statistical
area or not within the outer boundaries of any city having a population
of 20,000 or more.
Family members of the applicant do NOT count toward the employment
requirement of 10 U.S. workers.
Several investors may join together in creating or expanding a U.S.
business and each may qualify for a green card through the single
company. However, the individual investment of each person must
still be for the minimum qualifying amount, and each investor must
be separately responsible for the creation of 10 new jobs.
Certain investments in “troubled Business” can be exempted from
the requirement to create 10 new jobs.
The investor (applicant) must be active in the management of the
company.
You must maintain the investment in the U.S. for at least three
years.
Your principal residence must be in the U.S.
You are subject to U.S. Taxation on worldwide income.
You cannot remain outside the U.S. for more than one year at a time
without special permission.
Green Card is initially issued on a conditional basis for a period
of two years.
Can I Bring My Spouse and Children with Me to the United States?
If you are married or have
children below the age of 21, your spouse and children can get green
cards as accompanying relatives by providing proof of their family
relationship to you and submitting other required paperwork and
documents. Their green cards will also be issued conditionally,
and will become permanent when yours does.
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