Frequently asked questions
WHAT ARE THE FEES INVOLVED TO PARTICIPATE IN THE EB-5 PROGRAM?
An investor should expect to pay about $600,000, including attorney fees, filing fees, and our administrative fee until November 2019. Afterwards, it will 1,000,000 including attorney fees, filling fees,and our administrative fee.
Your principal investment of $500,000 until November of this year. Moving forward principal investment will be 900,000 chamber administrative fee
Immigration attorney’s fee
Filing fees to USCIS (cost may vary depending on the number
of family members)
Additional professional help, such as tax advice, translator, etc
WHO RECEIVES PERMANENT RESIDENCY THROUGH THE EB-5 PROGRAM?
Under the EB-5 program, the qualifying dependents of the immigrant investor (“Primary Applicant”), namely the spouse and any unmarried children under the age of 21, are eligible to obtain conditional permanent resident status based on the qualifying investment of the principal applicant. Eventually, they can obtain permanent resident status with an approved I-829 petition that removes the conditions of their residence.
IS MY INVESTMENT AT RISK OF A LOSS
All EB-5 investments are required by law to be “at risk.” Therefore, no investment can be guaranteed – that is, without risk – if it is to qualify as an EB-5 investment. “At risk” generally means subject to normal business and financial risk. Other risks include the enterprise’s failure to meet the direct or indirect job creation requirement. While no investment can be guaranteed, Chamber ’ investments are structured specifically to minimize your risk to the greatest extent possible. These and other risks are described in detail in the documentation provided for each investment.
CAN THE INVESTMENT FUNDS COME FROM A FRIEND, RELATIVE, OR A LOAN?
Yes. Often, parents or family members will gift funds to relatives. These funds are placed under the same level of scrutiny as an investor using his or her own funds for investment. A financial institution must issue loans, and the investor’s personal property must collateralize the loans. In other words, the loan should be secured by personal property or equity in a business.
DO I HAVE TO LIVE IN THE SAME CITY/STATE AS MY EB-5 PROJECT?
No, an EB-5 visa allows you to have the freedom to live, work, or travel anywhere in the United States.
HOW LONG DOES THE ENTIRE PROCESS TAKE, INCLUDING WHEN I WILL RECEIVE A GREEN CARD, AND ULTIMATELY RECEIVE MY INVESTMENT BACK?
Each Chamber investment is structured to provide the right type of capital to developers while meeting the legal requirements of the EB-5 program. Because of these individual investment factors, the investment period can vary significantly and is often dependent on each investor’s country of origin. As a rule, Chamber strives to structure investments with 5-to-7 year investment periods, but it is always possible and perhaps even likely that the investment period can be longer.
HOW OFTEN DO I NEED TO BE IN THE U.S. AFTER I RECEIVE MY CONDITIONAL GREEN CARD?
The new rule states that you must be in the U.S. every three months or there is a chance that your green card will be revoked. If you intend to stay outside the U.S. for one year or more, you must apply for a re- entry permit with the U.S. Citizenship and Immigration Service (USCIS) prior to leaving the U.S. Re-entry permits are generally valid for two years from the date of issuance. Therefore, if you are outside the U.S. longer than the date the permit was issued, you may be denied entry into the U.S.
WHAT ARE THE EB-5 JOB CREATION REQUIREMENTS?
The primary requirement of the EB-5 program is for each investor
to demonstrate the creation of 10 new, full-time American jobs as a result of their investment. These can be direct or indirect jobs. Direct jobs are the traditional employee/employer positions. Chamber EB-5 investment models often relies upon indirect and induced jobs, these types of jobs are those that result from direct employees spending their newly earned pay in the economy, or other economic activity occurring through investments such as construction spending. Chamber ‘s projects and verifies all forms of job creation for each project in conjunction with third-party economists.
DO I HAVE TO PAY TAXES ONCE I RECEIVE THE GREEN CARD?
Once you get a green card (U.S. lawful permanent residence), you automatically become a U.S. tax resident. U.S. tax residents must declare their entire income to the U.S. government’s Internal Revenue Service (IRS), no matter where the income was earned. As of 2012, they must also report certain information about foreign financial assets.
CAN I BECOME A U.S. CITIZEN ONCE I RECEIVE THE GREEN CARD?
You can apply for U.S. citizenship once you have lived in the United States for at least five years.
WHERE ARE CHAMBERS’ PROJECTS LOCATED?
Chambers’ investment footprint has evolved beyond our hometown of Houston to encompass the West Coast, the East Coast, and the markets in between. We have EB-5 projects in most major markets throughout the U.S.