CIS Ombudsman Annual Conference Highlights Updates to Practices
On December 7th, the 2017 Office of the Citizenship and Immigration Services (CIS) Ombudsman’s Annual Conference was held in
Congress created the Employment-Based Fifth (EB5) immigrant investor green card program in 1990. The purpose of the EB5 program is to encourage immigrants to invest in, or manage, U.S. companies that benefit the U.S. economy.
If you wish to immigrate to the U.S. and are willing to invest $500,000, you and your family (spouse and any unmarried children under 21) can receive a “conditional” green card good for two years.
After two years, if you have maintained the investment and created at least ten jobs, the conditional status is removed and you become a “permanent” green card holder, eligible for U.S. citizenship.
As an EB5 immigrant, you may either invest in your own company, or invest your money (along with other EB5 immigrants) in qualified projects.