Frequently asked questions
The benefits of the EB-5 Visa Program are the following:
- Visa-free travel to the US and Canada
- Freedom to live and/or work in the US while keeping another residence if desired in another country
- Freedom to not live/stay in the US as minimum stay requirements are landing once every 6 months as per the regulations of the US Customs and Border Patrol
- Children have the right to attend free public education
- College-aged children can apply for scholarships, grants, and domestic tuition rates in public post‐secondary institutions
- Option to acquire US Citizenship and passport after 5 years of holding the green card if 2.5 out of 5 years have been spent in the United States
- Benefits extended to the investor’s family, including the spouse or partner, and all children under the age of 21
- Obtain an attorney who specializes in EB-5 applications.
- Ensure with the attorney that all minimum criteria are met for eligibility to apply.
- The attorney will file an Immigration Petition (I-526) with the (USCIS) along with supporting documentation clearly demonstrating the investment meets all EB-5 requirements.
- Transfer the capital investment of $800,000 plus an administration fee of $70,000 to LLLP.
- At this point in the process, a change of status may be requested which provides the investor with a work permit as well as the ability to enter and leave the country freely. The request is typically granted within 60-90 days from filing.
- Wait for the application to be processed, which will vary by country. Please consult with your attorney if you have any questions regarding timing.
The process from application date to permanent green card takes approximately four to five years.
Start of the Process – Day 1
Hire an immigration attorney to file the EB-5 Immigration Petition.
Submit Supporting Documentation – 1-2 months
Once the immigration attorney has prepared the source of funds and gathered all documents, the
investor is ready to file their Immigration Petition (I-526) with USCIS.
Temporary Green Card – 18-24 months
Approval of the investor’s I-526 petition grants the investor a temporary green card, allowing the investor to obtain status of “American Resident”.
Final Green Card – 22+ months
The immigration attorney will file the I-829 petition to remove the temporary status. During this time, the investor maintains their temporary green card status.
Return of Capital – 22+ months
As indicated in their contract, once an investor receives their final green card they can request the return of their initial investment and end the EB-5 process.
The $800,000 is paid wire transfer to the project’s escrow account (LLLP). It is paid at the time the EB-5 package is submitted to USCIS. It cannot be paid in installments.
Yes, there is an administrative fee of $70,000 that must be paid at the time the EB-5 package is submitted to USCIS. The applicant must also pay their attorney’s legal fees, which can range between $15,000 – $25,000.
It covers the administrative costs related to the submittal and administration process of the EB-5 application.
An EB-5 regional center is an economic unit, public or private, in the United States that is involved with promoting economic growth. Regional centers are designated by the USCIS for participation in the Immigrant Investor Program.
Yes, we are working with Florida First Regional Center (FFRC). FFRC is wholly owned and operated by American Economic Growth Fund.
Your immigration status remains the same. You may request a change of status which can grant you a labor permit and a re-entry permit which allows you to enter and leave the United States without limitations. The change of status is optional and not required.
The EB-5 investor, the investor’s spouse, and any unmarried children under the age of 21 are eligible to receive a green card associated with the EB-5 investor’s petition.
Yes., gifts from a family member or other person can be used; however, you still must provide verifiable proof of a legitimate source for the gifted funds.