Canadian2GC
Registered Users (C)
Those who did EB5, congrats!
I wonder if you can tell me how overwhelming the process is compared to employment based categories such as EB3?
If I have to go through just as many hoops and hurdles as employment based categories, then I might just continue to bug my employer to sponsor me a EB3. But if the workload and process is much simpler than EB3, then I would seriously consider the EB5 category.
From some EB5 investment websites, they make it sound very streamlined and straight forward, pretty much like if you can come up with $500K or $1M, if you can prove source of funds, and if you can provide tax returns for the past 5 years, then that's more all less all you need to apply. (Of course, medical exam, background check etc are required regardless of which category we choose. )
I know these EB5 investment websites are making money off us, so they probably downplay how overwhelming the process is, that's why I want to ask the people in the forum if they can shed some light on the topic.
Some additional questions I have are:
1) roughly how many years it takes before you get your GC through EB5
2) What are some of the additional fees I should be aware of besides the $500K or $1M requirement? And roughly how much ?
3) What are some of the drawbacks for EB5 besides having to coming up with a lot of money?
4) What happens if (for whatever reason) your application gets rejected? What options do you have if that happens
Sorry, a lot of questions.....
I wonder if you can tell me how overwhelming the process is compared to employment based categories such as EB3?
If I have to go through just as many hoops and hurdles as employment based categories, then I might just continue to bug my employer to sponsor me a EB3. But if the workload and process is much simpler than EB3, then I would seriously consider the EB5 category.
From some EB5 investment websites, they make it sound very streamlined and straight forward, pretty much like if you can come up with $500K or $1M, if you can prove source of funds, and if you can provide tax returns for the past 5 years, then that's more all less all you need to apply. (Of course, medical exam, background check etc are required regardless of which category we choose. )
I know these EB5 investment websites are making money off us, so they probably downplay how overwhelming the process is, that's why I want to ask the people in the forum if they can shed some light on the topic.
Some additional questions I have are:
1) roughly how many years it takes before you get your GC through EB5
2) What are some of the additional fees I should be aware of besides the $500K or $1M requirement? And roughly how much ?
3) What are some of the drawbacks for EB5 besides having to coming up with a lot of money?
4) What happens if (for whatever reason) your application gets rejected? What options do you have if that happens
Sorry, a lot of questions.....