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EB-5 Special Restrictions
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Special Procedural Requirement on EB-5 “Green Card:”
Unique to this special classification within all “Employment Based” immigrant petitions, there is a special requirement or rather restriction on the initial approval of the “green card” under EB-5 and that special restriction is:
- The green card is valid only for two years, known as “conditional permanent residence”; and,
- Prior to expiration date, a new petition must be filed to remove the conditions.
Petition to Remove Conditional Residence:
Upon 90 days prior to the second anniversary of the investor’s lawful admission as a conditional resident, investor must petition for removal of conditional residence, or the alien’s residence card expires and becomes a “deportable alien!”
Immigration Documents and fees:
- Form I-829
- Alien registration receipt card (form I-551)
- Filing fee $2,850
- Biometric fee $80
