Chinese Immigrants: EB5 v. L1 Visa Option
Recently there has been a huge surge of interest by China in immigrating to the United States. The visa applications from Chinese applicants have been increasing nearly exponentially at a consistent level for the past decade. Fortunately, there are a lot of options available to the Chinese population. Two particularly popular options that are worth consideration for serious applicants are the L1 and EB5 visa options offered by the USCIS.
L1 Visa Option:
The L-1 intra-company transferee visa is designed in order to allow a company doing business in a Country like China to open or acquire an American subsidiary location, and transfer two vital employees to operate and manage the business in the United States. The idea being that the two employees can obtain L-1 visas if they qualify. An L-1a visa applicant must have worked at least one complete, continuous year during the previous three years for the foreign business that is transferring him/her to the U.S.
Once an L-1 visa is granted, the holder has a right to qualify for the EB-1c multinational manager green card. This is not a farfetched strategy considering that the requirements to qualify for such an EB-1 green card are virtually equivalent to L-1A visa requirements. In order to comply, the manager of the facility in the United States must document his personnel management and various supervisory responsibilities. Overall, this is a great option for applicants that are major employees in international companies, and fortunately this option coincides with EB-1c regulations making it a pretty feasible path towards permanent residency.
EB5 Visa Option:
The EB-5 visa program is far more direct and more reasonably guaranteed. For a $500,000 ($1 million if not in a low income area), an applicant may qualify for a visa. The other major requirement for this option is to create ten stable and legal full-time jobs.
The UCSIS sponsors countless regional centers nationally that specialize in matching up investors with their ideal businesses. The application process is tedious, but the result is creating a vital community business that creates numerous new and stable jobs, where none existed before. Overall, the EB-5 visa option exists as a potential economic stimulant, in the hopes that the world’s wealthy will flock to these regional centers and create numerous jobs that countless members of the financial lower class will take advantage of.
My name is John B. Buda, and I actively practice in the area of EB5 Applications for Permanent Residency Investment category and L1 Business start-ups. Please click http://budalawgroup.net/contact-us-immigration-lawyer/ to request more information.