How to Apply for an EB-5 Visa
First, an EB-5 investor should decide if they want to invest directly in a project or through an EB-5 Regional Center. This initial step will affect your job creation requirements. Secondly, research the project. Researching the project, Regional Center, and its members can give you a sense of ability and success. Thirdly, find an attorney who has experience in the immigration process. Finally, understand the investment requirement and the time it will take to complete the application process. The EB-5 investment will be at risk for the duration of your application.
Understanding the EB-5 Application
The Investment Process
Investment Minimum: The minimum investment for the Ashcroft Sullivan New England Economic Development Center project(s) is $800,000. If the USCIS approved project is not located in a TEA, than the investment amount will be $1,050,000.
Fees: Fees that cover administrative costs, marketing, and legal expenses associated with each unit of investment are $53,000. This does not include each investor’s immigration attorney fees related to the preparation and submission of the petition assumed by each investor.
Investment Structure: The Ashcroft Sullivan New England Economic Development Center project loans are made by a newly created commercial enterprise (a limited liability company) in which the EB-5 investors make their capital contribution. The loan is made to a newly created commercial enterprise affiliated with the real estate project that is creating new jobs in the United States.
Investment Terms: The minimum investment term is five years.
Investment Location: The location of our projects varies, depending on the location of the Regional Center and the respective Target Employment Area(s). Ashcroft Sullivan New England Economic Development Center is approved in the New England area.
Job Creation: The investor is required to create 10 direct or indirect jobs for their capital investment.
The Ashcroft Sullivan Economic Development Centers
EB-5 Process
The applicant will want to set up a meeting with a representative of the Ashcroft Sullivan Economic Development Center. This will allow the representative to vet and understand the applicant’s needs and abilities. Qualifying our clients before they begin the EB-5 Visa process is essential.
Qualifying an investor helps us understand the individual has a higher chance of completing the EB-5 application without any issues. After the Ashcroft Sullivan Economic Development Center approves your investment, you will start the EB-5 application process. The first step will be a Questionnaire followed by the I-526 Form and source of the fund’s checklist.
How to Apply for an EB-5 Visa?
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EB-5 Visa
Expectations
What should an EB-5 applicant expect when applying for an EB-5 Visa?
First, investors should expect at least five years to complete the EB-5 visa application. This is due to many factors throughout the EB-5 visa process. Processing times vary due to heavy application submissions, the residency of the applicant, and much more. The Ashcroft Sullivan Economic Development Center makes sure our clients can support and sustain an investment of at least five years while they are completing the application process.
Second, engaging an immigration attorney. Attorneys are highly recommended and useful for the EB-5 visa application. They will assist and answer any questions an applicant might have during the visa process. We are happy to suggest an immigration attorney if you do not already have one.
Third, the paperwork. Investors should expect to complete a financial due diligence report, I-526 form, G-28 form, and DS-260 form, which consists of biographical documents, a medical exam, an interview, and an I-829 form. These are subjected to all EB-5 applicants, but some applicants might have to provide additional information as the process continues.