U.S. permanent residency is an immigration status that authorizes immigrants to permanently live and work in the United States. Foreign immigrants who obtain lawful permanent residency are given a permanent resident card, which is also known as a green card.
EB-5 visa applicants become permanent residents after their I-526 application has been approved by USCIS. However, they become conditional two-year permanent residents instead of full permanent residents at this step of the EB-5 visa process. This enables the applicant to come to the United States to oversee their EB-5 investment for a two-year period. At the end of this period, the investor then applies for full permanent residency by filing the I-829 application.
Once this application is accepted, the investor, their spouse and their unmarried children under the age of 21 can permanently live and work in the United States for the rest of their lives. They are also given the option to apply for full U.S. citizenship after five years.
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