Immigrants play an essential role in the U.S. economy’s growth. This is why the country, through the U.S. Citizenship and Immigration Services (USCIS), awards permanent residency to eligible individuals. One of the country’s preferred recipients of a green card are investors because they boost the economy through capital investments and create more job opportunities for citizens.
Program eligibility
The Immigrant Investor Program allows investors and their immediate family members to apply for lawful permanent residency in the country. Eligible applicants who plan to apply for their children’s green cards should note that their children should be unmarried and below 21 years old. To be eligible, the investor must meet at least one of the following requirements:
- They have invested in a commercial enterprise employing at least 10 full-time U.S. workers
- They have invested in a commercial enterprise in a targeted employment area employing at least 10 full-time U.S. workers
It is important to note that the USCIS sets a specific amount of investment to be eligible for the program. As of March 2023, the minimum investment amount is $1.8 million due to inflation.
Moreover, a labor certification is waived for this visa type.
Application process and waiting time
Applicants who live abroad may file their initial application with their local U.S. Embassy or consulate. If an investor already lives in the U.S., they can file an adjustment of status application with a service center.
Investors under the program are fifth on the list of preferences. This means that depending on the available number of visas left, it may take years for the USCIS to process one’s petition.
Applying for permanent residency is complex since there are a lot of factors that come into play with eligibility and application. Understanding the requirements and process can help applicants prepare well for their green card application.