I AM TRYING TO OPEN A BUSINESS here in North Dallas area. Is there anyway i can get the green card under any circumstances??. and can i still go to college if i change my status??Has anyone turned there F1 status to Investment??? any comments would be appreciated!!!!!!
A person investing $500,000 in certain circumstances or $1 million in a business that creates 10 jobs may be granted EB-5 permanent resident status. The basic government criteria for this status are:
Investment must be in a business, not a passive security such as the stock market;
Invested funds must be the individual's, but may be a gift from a parent or other person, provided the appropriate gift taxes are paid, if required;
The business must have been created after November 29, 1990 or the investment must substantially change an older business;
The amount of investment may be $500,000 in a rural or high unemployment area; and
Create 10 jobs – no direct job creation is required if the investment is in a "Regional Center"
EB-5 Permanent Resident status involves making the investment, filing the appropriate petition at a CIS Service Center, and applying for an Immigrant Visa at a United States consulate or applying for Adjustment of Status in the U.S. After "Conditional" Resident Status (Green Card) is granted, the individual must wait one year and nine months to file an application to remove the "conditional" status. With this application, evidence of the creation of the 10 jobs, if necessary, is required as well as proof the entire investment has been made. Upon approval of the application by CIS, the applicant is granted Permanent Resident status.
A person investing $500,000 in certain circumstances or $1 million in a business that creates 10 jobs may be granted EB-5 permanent resident status. The basic government criteria for this status are: • Investment must be in a business, not a passive security such as the stock market; • Invested funds must be the individual's, but may be a gift from a parent or other person, provided the appropriate gift taxes are paid, if required; • The business must have been created after November 29, 1990 or the investment must substantially change an older business; • The amount of investment may be $500,000 in a rural or high unemployment area; and • Create 10 jobs – no direct job creation is required if the investment is in a "Regional Center"