Philippine
The EB-5 U.S. visa for Filipino investors is an immigrant visa that provides a U.S. Green Card (U.S. permanent residence) to eligible candidates. Getting permanent residence (green card) allows Filipino investors, their dependent spouses, and children to enjoy a permanent stay in the U.S. They can work and travel freely in the United States. This visa requires Filipino investors a minimum investment that can create 10 or more full-time jobs for American residents. The visa benefits Filipino investors via faster US immigration. The EB-5 visa application for Filipino investors remains on the ‘current’ status thus they don’t face any backlog.
Benefits of EB-5 Visa for Philippine Residents
The EB-5 US immigrant visa benefits Filipino investors and their families in multiple ways including the following :
- The ability to get a lawful permanent residence in the United States or a green card for them and their families (dependent on them).
- Allow Filipino investors and their dependents to relocate to the US with a green card and work permanently in the United States.
- The unmarried children of Filipino investors have the chance to study in the best schools and universities in the United States with a green card as their dependents without any problems encountered by international students.
- Moreover, Filipino investors’ children have the additional benefit of paying about 150-300% less tuition fees than international students.
- Alongside educational benefits, children of Filipino investors can explore more job opportunities without the stress of the expiry of visas, estrictions on job mobility, work permits, processing delays, and sponsorship.
- Filipino investors also enjoy visa-free travel privileges that offer greater foreign mobility. These privileges are usually available for US green cardholders.
- The EB-5 Visa benefits Filipino investors by allowing them to expand their investments and set up business in the United States with this visa.
When applying for an EB-5 immigrant visa, Filipino investors can face the following risks.
Filipino investors need to meet certain requirements to obtain an EB-5 visa :
- No guaranteed green card
- The process of an EB-5 visa application may have a risk of immigration. This means an EB-5 investment doesn’t provide a green card or US permanent residence automatically. Filipino investors need to meet the specified criteria of the visa to be granted a US green card.
- No guaranteed profits
- Just like a green card or permanent residence, the return on capital is not guaranteed after an EB-5 investment. The investment is subject to gains as well as losses.
- Fraud risk
- EB-5 Filipino investors should carefully and thoroughly review EB-5 investment projects with us to ensure the legitimacy. Individuals or firms can claim to be immigration consultants or migration brokers. Complete research helps to prevent being victims of any fraud charges or avoid financial losses.
EB-5 Visa Requirements for Filipino Investors
The following are some main requirements that Filipino investors have to satisfy for an EB-5 immigrant investment visa :
- The “at risk” investment of a minimum of 45,888,800 Philippine Pesos ($800,000) for a TEA or 60,229,050 Philippine Pesos ($1,050,000) for a non-TEA. A TEA refers to an area with higher unemployment rates and rural regions.
- Filipino investors can use loans from a specific person or a financial institution, wages or salaries, inheritance, any business profits, or gifts received from any person as a legal source of funds for capital investment.
- Filipino investors have to create at least 10 full-time jobs for American citizens to obtain an EB-5 immigrant visa.
Income Requirements for Filipino Investors
The financial criteria for an EB-5 visa for Filipino investors are listed below:
- The net worth of 60,229,050 Philippine Pesos or $1,050,000 for an individual or a married couple.
- At least 11,472,200 Philippine Pesos or $200,000 in individual income or a minimum of 17,208,300 Philippine Pesos or $300,000 in joint income in each of the past two years.
- A comparable level of potential income and future assets.
Obtaining an EB-5 visa would require Filipino investors to work on the following step-by-step process.
- Select a legal investment advisor and immigration attorney.
- Work with us to select an EB-5 project according to the EB-5 program requirements.
- Invest the required capital and file an I-526 petition.
- Applying for application to register permanent residence or status adjustment (Form I-485) and DS 260 Form.
- A conditional green card of two years of validity.
- Removing conditions on permanent resident status (Form I-829) by submitting the petition for an unconditional green card.
EB-5 Visa Costs for Filipino Investors
- ‘At risk’ investments for TEA and non-TEA.
- 210,801.68 Philippine Pesos or $3,675 to file Form I-526.
- Application cost of 65,391.54 Philippine Pesos or $1,140 to Register Permanent Residence or Status Adjustment (Form I-485).
- 215,103.75 Philippine Pesos or $3,750 to file Form I-829.
EB-5 Visa Can Lead to a Green Card!
An EB-5 immigrant visa can grant Filipino investors and their dependent spouses and children permanent US residency or a green card to stay, work, and study freely in the United States. We at EB-5 Investor Portal can assist you in navigating this program in conjunction with our U.S. legal partners.