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Chinese EB-5 investors may need to wait a bit longer for visa

One of the ways that someone might move to the United States for business is via an EB-5 visa. To utilize this type of visa a person must invest a minimum of $500,000 in a region of the U.S. that is economically challenged. Those who qualify are allowed to bring their immediate families with them and all will receive conditional green cards. Those conditional green cards are good for two years after which the conditions may be removed. 

As is the case will all immigration matters it is possible that an investor could experience issues in trying to secure an EB-5 visa. Though every person’s situation is of course different there are several issues that commonly arise. These include problems with proving the:

  • Availability of funds
  • Source of funds
  • Financing strength
  • Viability of the regional center

While these visas are open to investors from any country, historically many of them are secured by Chinese investors. In 2014 investors from China accounted for 85 percent of the investors who came to the U.S. via an EB-5 visa. Generally after receiving these visas it takes two years for investors from China to get green cards. This is set to change beginning this month however. It could now take another year for a green card to be granted. The reason for this is that there will be more applicants than visas available.

This of course does not mean that green cards will not be given to Chinese investors. It could just take a bit longer.

For anyone who would like to secure an EB-5 visa, the assistance of an immigration lawyer is key.

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