How can I start a direct EB-5 investment with an H-1b visa? - EB5Investors.com

How can I start a direct EB-5 investment with an H-1b visa?

I am currently working in the U.S. with an H-1b visa. I plan to open a company here with a $1 million investment from a foreign source, and use it for my EB-5 application. Will there be any issues with my plan since I am an H-1b visa holder?

Answers

Salvatore Picataggio

Salvatore Picataggio

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H-1B is a dual-intent status. Shouldn&#39t be an issue to pursue EB-5 while still on H-1B.

Phuong Le

Phuong Le

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Your H-1B status won&#39t be an issue because the qualifications for them are completely different. However, while it&#39s fine to use $1 million from a foreign source, you should be prepared to document the lawful source of your EB-5 investment funds before you move forward.

Julia Roussinova

Julia Roussinova

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You will violate the terms of your current H-1B if you open your own business and take upon an active management role because you are not employment authorized outside your current employer, including self-employment. You may invest in a direct EB-5 while taking a policy formulation role that will meet the EB-5 requirements, but someone else will need to actively manage the business for you on a day-to-day basis. You must also be able to provide evidence your EB-5 capital is personally owned by you, originates from a lawful source, and is fully traceable. Direct EB-5 business must have an EB-5-compliant, comprehensive business plan with five-year financial projections and hiring time table. It must create at least 10 full-time positions (35 hours/week).

Daniel A Zeft

Daniel A Zeft

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A foreign national in H-1B status can be an EB-5 investor. For you to be an EB-5 investor, you must invest your own funds into the new commercial enterprise.

Marko Issever

Marko Issever

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While holding an H-1B visa, there is no prohibition whatsoever to apply for the EB5, whether direct or through a regional center. It is done all the time. Needless to say, you cannot work in the company you form for EB-5 purposes until you obtain either a conditional green card or at least an employment authorization document (EAD), once your I-526 petition filed on the back of your direct EB-5 eligible business is approved.

Lynne Feldman

Lynne Feldman

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As long as you don&#39t work there and hire workers, that is fine. If you do want to work there you will need that LLC to petition for a second H-1B either concurrent or as a transfer from current H-1B.

BoBi Ahn

BoBi Ahn

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Yes, you can invest in a business and start the EB-5 processing. However, you cannot run/operate/work for the invested business until you are approved for your permanent residency as a EB-5 investor during your H-1B status. You will need to hire a manager to operate the business until then.

Hassan Elkhalil

Hassan Elkhalil

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You can apply for I-526 while you are on H-1B.

Belma Demirovic Chinchoy

Belma Demirovic Chinchoy

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You would need someone to run your EB-5 company, as you are only authorized to work for your H-1B employer. Otherwise, there are no other issues based on the info you provided in your question.

Bernard P Wolfsdorf

Bernard P Wolfsdorf

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You can apply for an EB-5 based on your $1 million investment, but you cannot work in that company while on an H-1B for another entity. You might be able to get a concurrent H-1B if there is a genuine employer-employee relationship with the company you invest in, such that you can be hired or fired by them despite the investment.

Vaughan de Kirby

Vaughan de Kirby

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Under normal circumstances this would be possible. However, with the Nov. 21 deadline I would be extremely careful. I would suggest you immediately meet with an experienced EB-5 investment attorney.

Dale Schwartz

Dale Schwartz

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No. But it may take several years to get an approval of your EB-5 case, and even longer to get the green card if you are from certain countries. Merely filing the EB-5 does not allow you to remain in the U.S. You will have to keep your H-1B visa alive, or leave the country when your H-1B time ends and then return to the USA when your green card is issued. One important note: They are raising the amount of money you will have to invest to almost double what it is now, starting Nov. 21. So you must hurry up and file your case.

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