Visa Applications for Investors
Work with a San Jose Immigration Lawyer
If you are interested in coming to the United States for investment purposes,
our legal team at Verma Law Firm can help. The Fifth Preference, also
known as the EB-5 category, is conditional residency for individuals who
invest $1,000,000 (or in certain cases $500,000) in a new commercial enterprise
that employs ten or more U.S. citizens or authorized immigrant workers
full-time. The applicant must be involved in day-to-day management or
policy formation of said commercial enterprise.
There are several different qualifications for potential investments which
allow for an investment visa, including:
- It must be an investment in a commercial enterprise: A commercial enterprise
includes partnerships, holding companies, and wholly-owned subsidiaries
of for-profit businesses. The applicant does not need to actually establish
the commercial enterprise – it is enough to just “invest”
the required amount in a new commercial enterprise. The relevant commercial
enterprise must be in a company formed after November 29, 1990; or if
the relevant company was founded before November 29, 1990, the company
has been restructured or reorganized so a new commercial enterprise results
(although if the applicant causes a net loss of jobs, that is grounds
for disqualification); or the company has been significantly expanded
in terms of number of employees or net worth. The increase for either
net worth or number of employees must be at least 40%. Note that for the
40% increase in net worth, all of the money contributed by all investors,
not just the applicant, can be counted.
- The investment must be “at risk”: To be considered investment,
the applicant must risk losing the funds or assets in question. Specifically:
promissory notes, trusts, loans, reserves, redemption agreements, guaranteed
interest payments or returns. The sole owner cannot meet the “at
risk” standard simply by placing money in the company account, because
he/she can easily remove it. Any investor plans that minimize risk, such
as guaranteed interest payments, buy/sell options at fixed prices, etc.,
may be challenged by the government as failing the “at risk”
What Other Qualifications Must I Meet?
An applicant must show the source of the investment money and that such
money is legitimate.The applicant is required to provide extensive documentation
in order to demonstrate that the application is eligible for EB-5 classification.
This includes articles of incorporation, documents showing authorization
to do business, bank statements, tax returns, and a variety of other evidence.
To learn more
during a consultation, reach out to our San Jose immigration lawyer now at (408) 560-4622!