What is a regional center?
A regional center is an entity or agency that focuses on a specific geographical area. Regional centers approved and designated by USCIS can count direct and indirect jobs when calculating the 10 jobs required per investor.
What is the process?
An I-526 petition must be filed with USCIS. Documentation and evidence showing lawful source of funds must be included. Once the I-526 is approved, the investor, his spouse, and all children under the age of 21 may apply for and be issued conditional green cards. Approximately two years after being granted a green card, the investor will file an I-829 petition for the removal of conditions. If the investment has remained at risk and the required number of jobs have been created, the investor and his or her family will receive permanent green cards. For more information on the process, click here.
How long does it take to get a conditional green card?
Processing times for the I-526 vary between 8 -16 months. Once an investor’s I-526 is approved by USCIS, the investor and eligible dependent family members may apply for conditional residence status through the adjustment of status process (if living in the United States) or at a U.S. consular post abroad (if living outside the United States). This process takes three to six months.
Can an investor’s children attend school in the United States during the process?
Yes, children can attend public schools and universities at the resident rate once the conditional green card has been issued.
Does the investor need business experience? Does he or she need to manage the business?
Business experience is not necessary. EB-5 regulations require the investor be involved in management or policy making. That requirement is satisfied for the Mount Snow projects because the investors are a limited partner of the partnership.
Does the investor need to live in the United States?
After receiving the conditional green card, the investor and his/her family is free to travel in and out of the United States subject to the rules of permanent residents. The investor must maintain a residence in the United States and it is recommended that he or she not leave the United States for more than six months at a time.
Can an investor become an American citizen?
Five years after receiving a conditional green card, she or he can apply for citizenship.
Can I visit the project location?
Mount Snow welcomes investors and their families to visit the resort. To arrange a visit, contact us. Mount Snow is located 4 hours from New York City and 2½ hours from Boston. The closest airport is Bradley International Airport in Windsor Locks, Connecticut just outside of Hartford.