Vietnam
The EB-5 Visa for Vietnamese investors is an immigrant visa issued by the United States authorities to settle in the US and acquire a green card and citizenship. Vietnam is regarded one of the major sources of applicants of EB-5 investment around the world. As per the report of the Congressional Research Service, Vietnamese investors are ranked 3rd among the top nations to have the most EB-5 Visas issued in Fiscal Year 2019. Obtaining an EB-5 Visa permits Vietnamese investors and their spouses & children to live, work, and study anywhere in the US till the visa remains valid. This visa is granted to a Vietnamese resident for a conditional duration of two years after making a minimum investment that produces 10 full-time jobs for American employees.
Benefits of EB-5 Visa for Vietnamese Residents
An EB-5 immigrant investor visa program offers multiple benefits to Vietnamese investors including the following :
- Stay, work, and travel anywhere in the United States via a green card.
- EB-5 visa Vietnamese holders and their dependents can travel to the USA anytime.
- Unmarried children under 21 years can study in world’s some of the best institutions without encountering restrictions applied to foreign students. They are eligible to study as a day scholar and enjoy 150-300% lower tuition fees, more funding & scholarship options than foreign students. They can also find more job opportunities without any stress of sponsorship, work permits, limitations, processing delays, or visa expiry.
- Enjoy great international mobility via travel privileges without requiring a visa, which is provided to green cardholders in the US.
- EB-5 visa Vietnamese holders can maintain legal status outside Vietnam while sending business profits from their Vietnam-based companies.
- Vietnamese investors can travel and live anywhere within the United States without any restrictions.
Risks of EB-5 Visa for Vietnam Investors
Vietnamese investors may deal with the following challenges during the EB-5 visa application process
- Vietnam investors don't have all qualified sources of EB-5 funds. The tax system in Vietnam restricts them to use their income for EB-5 investment. They can use a gifted land or property after submitting proof that the gift was obtained by the original owner. We can work with you and immigration counsel to solve these issues.
- The Vietnamese investor needs to meet all EB-5 visa requirements to get eligible for a green card application.
- Vietnamese citizens can transfer funds to the US or EB-5 investments using credit institutions after giving evidence of each deposit. The credit institution has to submit an affidavit representing the trace of funds from an investor.
EB-5 Visa Requirements for Vietnamese Investors
Vietnam investors need to meet the following requirements to obtain an EB-5 visa –
- $800,000 (₫18,936,000,000 Vietnamese Dong) minimum investment for TEA (Targeted Employment Area).
- $1,050,000 (₫24,858,500,000 Vietnamese Dong) investment for a non-TEA.
- Vietnamese investors must generate 10 full-time American employees.
- Vietnam investors can use inheritance, business profits, loans from a person or a financial institution, gifts from a person, or salaries/wages as a source of funds for investment.
Income Requirements for Vietnamese Investors
- The net worth of $1,050,000 (₫24,858,500,000 Vietnamese Dong) for a single person or a married couple.
- At least $200,000 (₫4,734,000,000 Vietnamese Dong) in a single-person income and at least $300,000 (₫7,101,000,000 Vietnamese Dong) in joint income in the last two years (each year).
- Comparable scale of future income and assets.
EB-5 Visa Process for Vietnamese Investors
An EB-5 visa application consists of the following steps –
- Choose and hire an investment advisor and immigration lawyer.
- Work with us and select an EB-5 project that meets all EB-5 program needs.
- Capital investment and I-526 petition filing.
- Apply for status adjustment or (I-485 application) and DS 260 form.
- Conditional green card of 2 years.
- Permanent residency & Petition to exclude conditions on Permanent Resident Status.
EB-5 Visa Costs for Vietnamese Citizens
Applying and obtaining an EB-5 Visa for Vietnamese investors consists of the following costs along with the minimum investment, administrative fee and attorney’s fees.
- $3,675 (₫86,987,250 Vietnamese Dong) for filing Form I-526
- Application cost of $1,140 (₫26,983,800 Vietnamese Dong) to Register Permanent Residence or Adjust Status (Form I-485)
- $3,750 (₫88,762,500 Vietnamese Dong) petition cost by an investor to eliminate conditions on US permanent resident status – Form I-829.
- The USCIS facilitates 10,000 EB-5 visas each year.
EB-5 Visa Can Lead to a Green Card!
The EB-5 Visa for Vietnamese citizens is the faster and more direct option to acquire permanent residence (green card) and immigration status in the US than other nationalities like Chinese and Indian. The green card allows an indefinite stay for Vietnamese investors and their spouses and children (under 21 years of age) in the United States. We at EB-5 Investor portal can assist you in obtaining US permanent residency via investment immigration. We will guide you through every step of the EB-5 Visa Immigration Investment Program process for you and your family.