While the U.S. Golden Visa or the EB-5 Immigrant Investor Program presents a promising path to U.S. residency, there are instances where applicants may face challenges or experience failures in the process. Understanding these possible pitfalls in obtaining United States golden visa is crucial for prospective investors.
Insufficient due diligence:
Failure to conduct thorough due diligence on the chosen investment project or regional center can lead to problems. Lack of research on the project’s viability, financial stability, or compliance with USCIS requirements may result in unsuccessful applications.
If the selected project faces mismanagement or financial issues, it can impact the overall success of the EB-5 application. Projects that do not generate the expected job opportunities or face economic challenges may fail to meet the program’s criteria.
Submission of incomplete or inaccurate documentation is a common reason for visa application denials. Applicants must provide clear evidence of the lawful source of their investment funds, the business plan, and other supporting documents. Any discrepancies can lead to delays or rejections.
Changes in program policies:
The U.S. immigration land is subject to policy changes. Shifts in EB-5 program requirements or USCIS guidelines can impact ongoing applications. Applicants may face challenges if changes occur after their initial filing but before their case is adjudicated.
Economic fluctuations can affect the success of EB-5 investments. A downturn in the economy, especially in the region where the investment project is located, may impact job creation and the overall success of the venture.
Regional center issues:
Choosing a regional center with a questionable track record or facing legal issues can jeopardize the application. Regional centers that do not adhere to USCIS guidelines or have a history of non-compliance may result in denials.
Failure to meet job creation requirements:
The EB-5 program mandates that the investment creates or preserves at least 10 full-time jobs for U.S. workers. If the chosen project fails to meet this requirement, the conditional permanent residency status may not be granted or may be subject to removal. For international investors, currency exchange fluctuations can impact the actual investment amount in U.S. dollars. If there are significant currency losses during the investment period, it may affect the investor’s ability to meet the required investment threshold.