EB-5

SAP yut567
Feb 6 11 Comments

How common is it that people from backlogged countries(More interested in prospects for India) are filing for GC in EB-5? I have to admit I am getting little fomo about it being from a backlogged country myself.
Even 3 months back I would be like “no, 500k is a lot of money to put in limbo for something like this”. But now it feels like that is not how the tide is currently.
For people who do not have 500k, how do they arrange the funds? Is it not risky in the sense that money will be in limbo for a while and you might lose it? I have seen people say it will take 2-8 years to get GC that way. How long will it take to get GC after someone files it?

Is it really worth it? Does it mean nothing will ever happen to solve the problem of EB-2/3 backlog? :(

comments

Want to comment? LOG IN or SIGN UP
TOP 11 Comments
  • Walmart.com jmhk
    Depends on the backlogged country. China is 10-13 years wait time in EB5. India is still current. I526 gets approved in 2-2.5 years.
    Feb 66
    • SAP yut567
      OP
      Edited the post. For India. What is I526?
      Feb 6
    • Walmart.com jmhk
      Like I797. Initial petition to apply for green card. It's I526 -> I485 -> I829. After 526 you are conditionally approved, after 485 you have AoS meaning green card in your hand, after 829 the jobs condition on your GC is lifted and you are set for life.
      Feb 6
    • SAP yut567
      OP
      How long from 526 to 829?
      Feb 6
    • Walmart.com jmhk
      4-6 years for India.
      Feb 6
    • Walmart.com jmhk
      2 years of job period, and now a days 2-3 years for 829 approval.
      Feb 6
    • SAP yut567
      OP
      And then another 5 yrs for citizenship? 🙄
      Feb 6
  • Amazon ury6t
    500k is not enough, you will likely need to double that to have a successful application. That minimum really only works for investors in poor parts of the country and not the tech areas.
    Feb 63
    • Intel lyuE88
      There are many projects at 500k in major cities
      Feb 6
    • Amazon ury6t
      Do you know of any approved in the Bay area in the last year that were below a million?
      Feb 6
    • Intel lyuE88
      Behring Capital was making an apt complex in Oakland and another near SJSU
      Feb 6

Join verified employees in our anonymous social network!Download the app!

close