The Immigration Act of 1990 established both the EB-5 visa and the current immigrant classification preference system. The current system places limits on how many and what types of immigrants can receive green cards each year. The current law allows for the issuance of up to 140,000 employment-based immigrants for each fiscal year (October 1 to September 30). INA § 201(d)(1)(A). There are five employment-based categories; among these the EB-5 category has the least number of visas allocated. In fact, the EB-5 category has available just 7 percent of the employment-based visas (a maximum...
EB-3: IS IT AN ALTERNATIVE TO EB-5?
August 17, 2016EB-3 stands for the third preference category of employment-based U.S. permanent resident status (a.k.a. “green cards”). There are five employment categories (EB-1 to EB-5) and four family based categories.
The EB-3 covers professional workers, skilled workers and unskilled workers. The potential immigrant who is trying to get an EB-3 green card will need a legitimate, permanent, full-time job offer from a U.S. employer. The employer will need to start the process by obtaining an approved labor certification from the U.S. Department of Labor, known as the “PERM” to confirm that the...
IRANIAN NATIONALS AND THE EB-5 PROGRAM. HOW TO MOVE MONEY FROM IRAN TO THE US.
July 13, 2016A pivotal aspect of the EB-5 investment is to prove that the funds invested come from legitimate earnings. For some investors, like Iranians, there is an extra hurdle, for transferring the funds from Iran to the U.S. In fact, most Iranian investments are encumbered and, therefore, necessitate a diligent compliance with U.S. law.
I. EB-5 Investment Procedures
An Iranian investor looking to obtain a U.S. EB-5 Visa through investment in a Regional Center must...