Integrity Legal

The EB-5 Visa has been a frequently discussed topic on this blog over the past few weeks. This may be mostly due to the fact that the United States dollar has been weakening compared to other currencies in Asia as a result of the United States Federal Reserve’s “quantitative easing” policy. In the case of Sri Lanka currency fluctuations are less severe against the US dollar when compared to other currencies in Southern Asia. Bearing this in mind, the EB-5 visa still remains an attractive travel document to many who dream of residing in the United States of America.

The EB5 visa was designed as an Immigrant Investor visa for those making a substantial investment in the USA. Those interested in the EB-5 visa should be aware that the minimum investment is 500,000 United States dollars for targeted programs. Meanwhile, so-called “un-targeted” programs require an investment of 1 million dollars. In any case, those thinking about making an investment in the United States in order to qualify for immigration benefits should consult with an American attorney in order to ascertain whether or not an investment qualifies for immigration benefits under the EB-5 program. Monetary investment is not the only requirement which must be met in order to receive immigration benefits as the prospective immigrant must still file an immigration petition as well as a visa application. Both the immigration petition and visa application require that the prospective immigrant adhere to the relevant provisions of the United States Immigration and Nationality Act. Therefore, merely having capital to invest in the USA is not necessarily sufficient to obtain EB-5 visa benefits.

There are some individuals who are under the mistaken impression that the United States has a Citizenship by Investment program. In point of fact, the United States of American does not routinely grant Citizenship to those who merely invest money in the USA. However, the EB-5 visa could be viewed as a “path to Citizenship by investment.” This is due to the fact that those who enter the USA on an EB-5 visa and receive Lawful Permanent Resident (LPR) status may later be eligible to apply for naturalization to United States Citizenship provided the statutorily prescribed physical presence requirement is met along with other criteria.

Some individuals opt to retain the services of an attorney to assist with the EB-5 visa process. This may be prudent as many laypeople are unaccustomed to dealing with the United States Immigration system which can sometimes prove to be both byzantine and complicated. Those seeking an attorney are well advised to check the credentials of anyone claiming expertise in US Immigration matters as only an attorney licensed to practice law in an American jurisdiction is entitled to provide advice, counsel, and representation before the United States Citizenship and Immigration Service (USCIS) and the Department of State.

For related information please see: EB-5 Visa Sri Lanka.

Tags: American Immigrant Investor Visa, EB-5 Visa, EB-5 Visa Sri Lanka, EB5 Visa, EB5 Visa Sri Lanka, Immigrant Investor Visa, Immigration and Nationality Act, US Immigrant Investor Visa Sri Lanka, US Immigration, US Immigration Sri Lanka, US Visa, US Visa Sri Lanka
Posted in EB5 Visa, US Embassy Sri Lanka, US State Department, US Visa, US Visa and Immigration, USCIS | No Comments »

Those who read this blog regularly will likely be aware that the administration of this blog routinely posts about issues related to the Immigrant Investor Visa colloquially referred to as the EB5 Visa. Recently, this author discovered an interesting piece on the internet which was written about the United States dollar versus the Singapore Dollar. to quote directly from the TheMalaysianInsider.com:

the Singapore dollar is forecast to strengthen to 1.356 against the US dollar by the end of the year, a central bank survey showed…The currency forecast translates into an appreciation of 3.35 per cent from 1.403 to the US dollar at the end of 2009.

Under certain circumstances, a strengthening local currency can be problematic as exporters generally wish to see a strong US dollar when trading with the US. However, those wishing to invest money into an enterprise in the United States of America may find that a strengthened local currency is a benefit. In the case of the EB-5 visa this is certainly the case as those who hold assets in strong foreign currency may find that the real cost of investing in the USA is cheaper compared to costs in the past due to a comparatively weak American dollar.

The EB-5 visa program requires the prospective immigrant investor to make a substantial investment in the USA. Prospective Immigrant Investors should be prepared to invest a minimum of $500,000 into an eligible investment program in the USA. Should an immigrant investor make the required investment, adhere to relevent regulations, and meet other eligibility criteria, then an EB-5 visa may be issued. Once in the USA, the EB-5 visa holder may one day be eligible to apply for naturalization to United States Citizenship. United States Citizenship is a highly sought after benefit as there are many privileges and rights which attach to an individual who has become an American Citizen.

It should be noted that there are a limited number of EB-5 visas available each year. To quote directly from the Beacon, the official web log of the United States Citizenship and Immigration Service (USCIS):

The Immigrant Investor Program, also known as “EB-5,” was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by immigrant investors by creating a new commercial enterprise or investing in a troubled business. There are 10,000 EB-5 immigrant visas available annually. In 1992 and regularly reauthorized since then, 3,000 EB-5 visas are also set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.

In many ways, the EB-5 visa program is a “win-win” situation as the alien is granted Lawful Permanent Residence (Green Card status) and the United States economy receives the benefit of foreign investment as well as the addition of an enthusiastic immigrant who is eager to contribute to America’s economic future.

For more information please see: EB-5 Visa Singapore.

Tags: American Immigration Singapore, American Visa Singapore, EB-5 Visa, EB-5 Visa Singapore, EB5 Visa, EB5 Visa Singapore, Immigrant Investor Visa, Immigrant Investor Visa Pilot Program, United States Immigration Singapore, United States Visa Singapore, US Immigration Singapore, US Visa Singapore, USA Visa Singapore
Posted in Department of Homeland Security, EB5 Visa, US Consulate Singapore, US Embassy Singapore, US State Department, US Visa, US Visa and Immigration, USCIS | No Comments »

Those who frequently read this blog are likely to note that we frequently discuss issues surrounding Consular processing of US visa applications. In some cases, a visa applicant is refused a visa, but issued what is commonly referred to as a 221(g) form. The term “221g” refers to section 221(g) of the United States Immigration and Nationality Act. Under this provision of the Immigration and Nationality Act, a Consular Officer adjudicating a visa application may refuse to issue a visa if the adjudicating Consular officer finds that the application is somehow deficient of documentation. Consular Officers are basically tasked with the responsibility of conducting due diligence regarding a visa applicant’s subjective intentions. Therefore, in a K1 visa interview the Consular Officer may be concerned with the Cambodian applicant’s subjective intentions regarding the K1 visa petitioner.

There is some debate as to the legal ramifications of a 221g especially in the context of the United States Visa Waiver Program. The American visa waiver program allows certain foreign nationals to enter the USA without a visa provided those individuals register on the Electronic System for Travel Authorization (ESTA). Although Cambodia is not currently a participating country in the Visa Waiver program it should be noted that a 221g refusal issued by a US Consulate or US Embassy abroad should be disclosed in the ESTA system when seeking travel authorization online. Therefore, a 221g refusal is effectively treated as a “denial” by the Department of Homeland Security which should be noted by anyone seeking American immigration benefits at an American Mission abroad since such a development could have an adverse impact upon one options at a later date.

Many are under the mistaken impression that a 221(g) refusal cannot be remedied. In point of fact, this is not the case as some 221g refusals simply require further documentation before a Consular Officer is prepared to make an adjudication in the underlying application. That said, in some cases, a 221g could evolve into a legal finding of inadmissibility which is an outright visa denial. In such cases, a visa applicant may be able to have the legal grounds of inadmissibility waived through use of an I-601 waiver of inadmissibility. That said, such waivers are adjudicated by the United States Citizenship and Immigration Service under an “extreme hardship” standard of review. This “extreme hardship” standard can be difficult to overcome for some. In any event, many couples find that the assistance of an American attorney can be beneficial during the US visa process or the I-601 waiver process as such an individual can provide insight into the process and advocate on behalf of the petitioner and beneficiary. Furthermore, some find that an attorney’s assistance can result in smoother overall processing of visa applications as such an individual can foresee issues which may arise in a given case and attempt to deal with such issues before they become a problem.

Receiving a 221g refusal letter after the visa interview can be worrying, but in some cases the issue can be resolved through better understanding of the adjudication process and relevant United States Immigration law. Those who receive a 221g refusal at the US Embassy in Cambodia are likely required to follow up within 1 year of issuance lest the visa application be deemed to have been abandoned.

For related information please see: US Visa Cambodia.

Tags: 221(g) refusal, 221g, 221g Cambodia, 221g denial, American Visa Cambodia, Consular Officer, Consular Processing, Department of Homeland Security, Immigration and Nationality Act, US Embassy Cambodia, US Embassy Phnom Phen, US Visa Cambodia
Posted in CR1 Visa, Department of Homeland Security, I-601 Waiver, IR1 Visa, K1 Visa, K2 Visa, K3 Visa, US Embassy Cambodia, US Embassy Phnom Phen, US State Department, US Visa, US Visa and Immigration, Visa Waiver | No Comments »