May 30, 2024

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USA: EB-5 Visa Scheme Suspended - Cities

USA: EB-5 Visa Scheme Suspended – Cities

Photo: Revelation / DINO

Last Thursday (2), the United States Congress approved a funding extension that would allow it to maintain current budget levels until February 18, 2022. Through this legislation, the EB-5 visa scheme through the Regional Center has been renewed in recent years. .

However, on June 30, 2021, EB-5 via Regional Center was not included in this new law due to a crash during the program break. This type of permanent residence visa in the United States is aimed at foreigners who want to invest in the country and create employment for US citizens. Now, the EB-5 industry will have to fight with Congress to regain recognition.

On October 4, the U.S. Department of Homeland Security issued a statement saying that all I-526 applications currently pending would be processed by the end of this year. Process of applying for work permit (Form I-765) and travel documents (I-131) related to the petitions of the applicants waiting for permanent residence (I-485) And will be done regularly.

Experts say that despite the appreciation of the dollar, the number of Brazilians seeking immigration to the United States remains high due to the investment-based immigration process. The EB-5 program allows individuals to make passive investments in projects affiliated with regional centers or to invest in businesses that are actively involved in management.

Renata Castro, an immigration lawyer and business executive, said she had vast experience in the EB-5 process and had the greatest difficulty in determining the best investment for investors: “Investors who want to live in the United States not only have legal advice. And immigration, but with the help of business advisers,” he said.

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Castro Legal Group, founded by a lawyer, has partnered with a one-click advisory portal to create content aimed at investors interested in EB-5, E-2 and international entrepreneurship rule visas. According to James Citten, a business consultant and founder of the portal, the partnership has provided a book called 99 Questions to Ask Before Starting a Business in the United States, which will go on sale in the first quarter of 2022.