Moving from Hungary to the US is a lot more complicated than it sounds. But many people fall in love with the country after traveling and spending some time there, so it makes sense why you would want to stay longer. To stay in the United States permanently, you must apply for a green card.
However, unless you are eligible through a direct relative of a US citizen, it may take several years before your application is approved. What if you don’t have that much time?
An EB-5 visa investment is one of the fastest ways for entrepreneurs and their families to become US permanent residents, but only if they invest based on the government’s investment criteria.
What to Consider When Making an EB-5 Visa Investment
If you need help navigating the legal requirements for your visa, talk to the experts at EB-5 Visa Investments. They will guide you through the EB-5 process and advise you on the following.
How much does an EB-5 visa cost (Visa, Documents and Investment)?
An EB-5 investor visa costs between $4,020 and $4,900 USD. The first $3,675 is used to file Form I-526 if the expat is based in the US. If not, they must pay a processing fee of $345. The expat must then pay $1,140 to file Form I-485 and $85 for the required biometric services.
This price does not include the cost of a criminal record check or medical examination. If you plan to hire a lawyer or service to help you with the process, you’ll need to shell out several thousand.
Do not forget about the investment itself. To be eligible for a visa, you must invest $1,800,000 in a new commercial enterprise or $900,000 if the investment is located in target employment area (TEA). A TEA will either have a high unemployment rate or be located in a rural area.
What investments get premium processing (fastest approval)?
If you want to get your green card fast, you will need to invest in a project that is considered to be in the nation’s interest. Any project that helps jobs or economic growth is generally seen as necessary. By investing in a TEA or rural location, you can go through the visa process in two years.
Should you invest in a commercial enterprise or regional center?
The biggest difference between a regional center and a commercial enterprise is how the government classifies job creation. Job creation is an essential requirement for EB-5.
You will need to create 10 full-time jobs to get an EB-5. If you are investing in a new commercial enterprise, only direct job creation (ie who you employ directly into your business) counts. If you are investing in a regional centre, indirect and induced jobs will be applicable to this criterion.
Remote and hybrid employees qualify as employees as long as they are located in the US. This makes it easier to hire high-quality employees in TEA or less populated areas.
Does your exit strategy need to coincide with your I-829 filing date?
Your exit strategy should be a key consideration when choosing a project to finance. The exit (or maturity) date of your investment must coincide with the filing date of the I-829, which is the petition to remove your conditional resident status. Consult an attorney before moving your “venture” capital.
If you live outside the US, your wait time can be 8 to 9 years. Regardless, you can use the capital you receive at the end of that period to pay yourself off. This can help you offload your investment, but keep in mind that liquidity, especially in rural areas, is really tight.
What is the average rate of return and how can I improve it?
In the past, your rate of return would range from 3% to 4%, although non-EB-5 visa projects of the same type would earn 12% to 18%. Fortunately, the new regulations have changed the average rate of return to 8% to 10% for many investments, which is great for savvy buyers.
To get the most out of your investment, you need to practice due diligence. Real estate agents who show EB-5 projects often highlight the building’s best features without showing the negatives. Or, even worse, some people will claim to represent the government when they don’t.
Be sure to check every project, company, and person you work with to avoid these problems.