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A New Lawsuit May Resolve the Shortage of EB-5 Visas for Investors

EB-5 Visa

A lawsuit filed on July 25, 2018, in the U.S. District Court for the District of Columbia could result in a considerable increase in the number of legal immigrations allowed by the United States on an annual basis. The suit challenges the way in which the U.S. Department of State counts the visas allocated under the EB-5 visa program. If it is successful, the long wait for many investors and their families may soon be over.

What Is the EB-5 Visa Immigration Program?

The employment-based fifth program, also referred to as the Immigrant Investor Program, is a method by which investors from foreign countries can legally enter and remain in the U.S. To participate in EB-5 visa, an individual must invest $500,000 to $1 million in a new business or must create or preserve 10 full-time jobs in their business enterprise. Investors and their families are eligible for Conditional Permanent Residency under the EB-5 visa program, which offers 10,000 visas each year.

All Immigrants Are Counted

Under the current system, each of the visas issued to the investor and members of his or her family counts against the 10,000-person limit on EB-5 visas. The lawsuit seeks to stop the U.S. Department of State and U.S. Citizenship and Immigration Services from counting spouses, children and family members as part of the 10,000 EB-5 visas. This would free up many more visas for potential investors in the U.S. economy and could eliminate the backlog of applications from qualified investors who are eager to create jobs in the U.S.

Achieving the Best Results

Depending on the success of this lawsuit, Florida residents may be able to apply for these investment visas with greater confidence. Enlisting the help of a qualified Orlando green card lawyer can be a good first step toward navigating the application process and making sure you have the best chance at EB-5 visa and other visas. Your Orlando green card lawyer can even the playing field for you and your family when dealing with immigration issues in our area.

At Pozo Goldstein, our Orlando green card lawyers can provide you with expert help in resolving any obstacles to your visa application and to help you and your families to enjoy the benefits of legal residency in the United States. Our team includes two former immigration prosecutors and a former judge, which allows us to provide you with proven expertise in the field of immigration law. Call us today at 407-956-4359 to schedule an in-person consultation in our offices. We look forward to the chance to serve you.

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