Need to know if my friend can invest in the USA even if she might be out of status ? Update!?
hello!
my friend came here legally, she graduated from school, she found a sponsor, who filed for the green card,
but the immigration canceled her papers cause it couldn't get the Dept of Labor approval on time.
now she has a visa she got from the usa embassy for up to 2 more yrs, since 2004
but when she came here the custom agent at the airport put a stamp that allowed her to stay until the school is over.
but the USA embassy's visa states that the visa is valid until 2009.
she thinks she is out of status because of the whole sponsoship mess.
but can she still invest while she is in the USA?
though she might be out of status?
I heard that if you invest $ 500.000 you can get a condditional green card. the visa for this is called EB-5 visa for entrepreneur
what can she do?
can anyone answer ?
Answer:
she can indeed apply for an investors visa (EB-5), for that she needs to invest USD1,000,000 and come to manage a business. That business needs to create jobs (I think 10 jobs) for Americans. It might take some time to do the paperwork.
There will be an investigation to the origin of the funds (legal or illegal) and her managerial capacities.
Things to know:
- if you invest in special designated areas you need only USD500,000
- if you invest in a distressed company you don't need to create new jobs, keeping the current ones is sufficient
The medicine information post by website user , MyTend.com not guarantee correctness.