25 Jan H-1B Visa Holders Are Now Applying For EB-5 — Here’s Why…
What is the difference between the H-1B visa and the EB-5 visa?The H-1B visa is a non-immigrant visa that allows U.S. companies to employ foreign workers in specialty occupations such as IT, medicine, or engineering. The EB-5 Program is an immigrant investor program, whereby foreigners can invest a minimum of $500,000 into a job-creating new commercial enterprise in exchange for a green card.
What are the advantages of EB-5 over H-1B?
- EB-5 does not require the applicant to hold a Bachelor’s or higher degree.
- EB-5 applicants do not have to work in specialty fields.
- EB-5 applicant’s conditional permanent residency is not dependent upon employment. It is only dependent upon I-526 petition approval, whereas H-1B visa holders must continue working for their employer to maintain H-1B status.
- If an H-1B applicant is terminated from their employment, they must leave the United States. USCIS may allow H-1B holders to change their status to another non-immigrant visa, but it can cause issues.
- EB-5 can be a faster path to applying for citizenship.
- EB-5 investors can live, work, and go to school anywhere in the U.S. They do not have to live by their investment and they do not have to be involved in the day to day management of their investment if they do not wish to.
- An investor’s spouse and unmarried children under the age of 21 can all qualify for green cards under the EB-5 investor’s application.
- Family members can gift an EB-5 applicant the funds required to invest in the EB-5 Program.