What do I need to do to turn my conditional green card into a permanent one after I invest? The first step toward permanent residency in the United States is to get a limited green card with investment. To change your conditional green card to a permanent green card after investing, you need to file Form I-829, Petition by Investor to Remove Conditions on Permanent Resident Status. This will get rid of the conditional status. Here’s how to do it, step by step:

When to send in Form I-829

Form I-829 must be sent in within 90 days of the expiration of your conditional green card. If you file outside of this time, you might not be able to get rid of the conditions.

Filling out Form I-829

On the form, you have to give a lot of information about your investment and business operations while you are on conditional residency. You will have to give information about yourself, the type of investment you made, and how that investment met the standards for creating jobs.

Getting supporting documents together

To show that your investment meets the standards, you will need to send in supporting documents, such as

Proof that the business for investing was set up.

There must be proof that your cash investment lasted for two years.

Proof that the project created at least 10 full-time jobs for Americans.

Putting down the filing fee

Form I-829 costs $3,750 to file, and each candidate and dependent must also pay an extra $85 for biometric services.

Appointment for Biometrics

You will be sent a notice for a biometrics meeting after you send in your application. You and anyone who depends on you must go to this meeting to give fingerprints, photos, and signatures.

Review and Choice

The U.S. Citizenship and Immigration Services (USCIS) will look over your application and any other papers that go with it. If they need to, they can ask for more proof. Once USCIS is sure that your investment has met all the requirements, they will take away the conditions and give you a lifelong green card.

Conditional Extension of Green Card

You will have a conditional green card for an extra year while your petition is being handled after you file Form I-829. This makes sure that your legal status stays the same during the review time.

Getting a permanent green card takes a lot of planning and paperwork, so it’s best to talk to an immigration lawyer to make sure the process goes smoothly.

Can my investment in real estate be counted as part of the money I need to get a Green Card?

Yes, investing in real estate might count as an investment for the EB-5 Immigrant Investor Program, which lets people get green cards. There are, however, certain rules and guidelines that control how real estate investments should be used:

Need for Active Participation

For the EB-5 program to work, the investment must be in a business that the investor is directly involved in. Real estate investments that are passive, like buying and holding properties, do not count. Instead, the investor must show that they are actively handling or keeping an eye on the business.

Direct Investments vs. Regional Center Investments

Direct Investments: If you put money directly into a business, you can use that money to buy or build real estate as long as it’s part of the company itself. As an example, building a hotel or industrial property as a business could qualify.

Regional Center Investments: If you invest through a designated Regional Center, your money can be used in real estate growth projects that the center is in charge of.

Need for Job Creation

More than 10 full-time jobs must be created in the U.S. because of the funding. Because they require a lot of workers, real estate projects like hotels, resorts, and business developments often meet this need.

Amount of investment

The amount of money you put into real estate should be enough to meet the minimum EB-5 investment requirement. This is $1,050,000 for normal spending or $800,000 for projects in a TEA that are meant to create jobs.

A record of a legal source of funds

You need to show proof that the money you used for the investment was properly obtained. This includes showing proof of where the money came from that was used to buy the house.

Real estate purchases can be a part of an EB-5 application, but they need to be carefully set up to meet the rules of the program. To make sure that your real estate business follows EB-5 rules, you must talk to immigration and investment experts before moving forward.

What proof do I need to show that I’ve invested money for the Green Card application?If you want to get a green card through the EB-5 Immigrant Investor Program, you must show a lot of proof that your investment meets the program’s standards. Here is a list of the most important papers you need to send:

Fill out Form I-526 or Form I-829.

Form I-526 is used for the initial entry to show that the person is eligible to be an investor.

Fill out Form I-829 to get rid of the terms on your conditional green card.

Proof of Investment

Bank statements: These show that the investment funds were sent to the U.S. business.

Escrow Agreements: If they apply, they should show that the money will only be released after approval.

Bills and receipts for business: Proof of buying things or paying for things that are directly connected to the business.

Proof that you own the business

A business license is needed to run a business.

Articles of Incorporation or Organization: These are official papers that show the business was set up.

Shareholder and partnership agreements spell out who owns what and how they are involved.

Documentation for creating jobs

A business plan lays out the steps that will be taken to create jobs and improve the business.

Payroll records and employment contracts must show that at least 10 full-time jobs were created.

Supporting employment and payroll info for tax documents.

Proof of where the money came from

Tax reports: Tax reports for individuals and businesses from the last five years.

Bank statements show how investment cash has been built up.

Property Sale Documents: If the sale of property brought in money.

If needed, documents for the sale or liquidation of a business.

Loan Agreements: If the business used money that was borrowed.

Gift Deeds: If money was given as a gift, show proof from the donor.

Proof from the regional center (if needed)

A letter naming a regional center that shows USCIS approval.

Offering Memorandum (OM) or Private Placement Memorandum (PPM): giving information about how to buy.

Estimating the effects on job growth for the Economic Impact Report.

Documentation for yourself

Passports: Copies of the main applicant’s passport and passports of anyone living with them.

Birth and marriage certificates for the application and anyone who depends on them.

Immigration History: Information about any past visa applications or trips into the United States.

Following the law

SEC Compliance Documentation: If asked, proof that you follow U.S. trading laws.

To support your green card application, you must provide full and accurate documentation. Working with immigration lawyers can help make sure that important pieces of proof are not missed. 

Posted by Raul Harman

Editor in chief at Technivorz and business consultant. I like sharing everything that deals with #productivity #startups #business #tech #seo and #marketing