Should I Begin Preparation for the I-526 Petition Now?

The I-526 Immigrant Petition by Alien Investor is for EB-5 investors who wish to immigrate to the United States. I-526 Petition approval is the first step to conditional green card status for EB-5 investors.

To prepare, prospective EB-5 investors often start the I-526 Petition process weeks or even months in advance. Why might the process take so long? Here are several reasons why, depending on the investor, the process for preparing and filing the I-526 Petition can become lengthy and why you may want to consider starting the process now:

Finding and conducting due diligence on:

• EB-5 regional centers and projects
• Targeted employment area qualifications
• Immigration attorneys
• Position and responsibilities of the investor in the new commercial enterprise
• Job creation methodology
• Processing times

Collecting and preparing documentation:

• Proof that requisite funds were transferred into the investment
• Proof that the funds for the investment came from lawful sources
• Identifying documentation for you and all dependents on your application
• Translations

This short, non-exhaustive, list alone shows why preparing an I-526 Petition can be a lengthy process. Depending on the complexity of the EB-5 investor’s source of funds, how much research they want to do into an EB-5 project, or how long it takes to find an immigration attorney, the process can take an investor months to get their application ready for filing. That’s why it may be a good idea for investors to start the process earlier than they anticipate.

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