The rules governing the EB5 program are very complex and unlike any other Green Card program offered by the USCIS. In simplest terms, however, the process of obtaining permanent resident status through investment may be broken down into the following ten steps.
|Step||Immigration Process Chart|
Foreign investor carefully evaluates EB5 Sugarbush Fund LP documents and Offering Memorandum to assess qualifications, risk and opportunity.
If interested in joining the Fund, the Investor applies by submitting $500,000 into Fund's escrow account at Bank of America and providing signed Subscription & Partnership Agreements, Subscriber Questionnaire, $50,000 Syndication Fee, and other requested documents.
In 15 days or less Fund will determine if investor meets eligibility tests, and if accepted investor status moves from "Applicant" to "Conditional Limited Partner."
Investor's immigration counsel, from firm of Visa Law Group, then prepares and files the comprehensive application package Form I-526 "Immigrant Petition by Alien Entrepreneur" to the USCIS.
If petition is approved, USCIS sends case to US Embassy in the Investor’s home country for immigrant visa interview.
If petition is denied by USCIS, funds are promptly refunded to the Investor from the Bank of America escrow account without deduction from or interest on that capital.
If approved, US Embassy issues the immigrant visa and investor (and family members) enters the United States to receive Conditional Green Card – valid for 2 years.
Upon approval of I-526 Petition by the USCIS, the investor’s status at the Partnership moves from “Conditional Limited Partner” to “Limited Partner” and the funds held in the Bank of America escrow account are released to EB5 Sugarbush Fund LP.
|8||Investor and family are free to live anywhere in the USA with unrestricted travel/work rights.|
After 21 months, Partnership’s immigration counsel files the Form I-829 “Petition to Remove Conditional Status” with the USCIS seeking permanent Green Card status.
After 5 years of maintaining the full investment as Limited Partner in the Partnership and holding Green Card status, Investor and family may to apply for US citizenship. Investor may contact Partnership and explore exit options, if any, for return of capital.
Given the complexity of the EB-5 immigration process, the EB5 Sugarbush Fund is proud to announce that it has secured a top immigration law firm in the United States – Visa Law Group based in Washington, DC - to assist all Investors and family members. With the full support and cooperation of the Fund, the investor’s legal team will manage all aspects of the Green Card process – from start to finish.