The Employment Primarily based Second Choice (“EB-2C”) immigration visa is a stream below the EB-2 class, provided to candidates all for establishing their very own progressive enterprise enterprise within the USA. Upon approval of this software, candidates obtain a 10-year unconditional USA inexperienced card for each them and their dependents below 21 years previous.
To be eligible for the EB-2C stream, candidates will need to have at the very least a USA-equivalent bachelor’s diploma with a minimal of 5 years of expertise in the identical area because the diploma, and managerial work expertise. Their innovation enterprise enterprise should even be in the identical area as their earlier line of labor. The applicant should additional display that (1) the enterprise thought has substantial benefit and nationwide significance, (2) the applicant is well-positioned to conduct the undertaking, and (3) it will be useful to the USA to waive the requirement of a job provide.
The enterprise enterprise has been designed with a enterprise incubator which is able to incubate the enterprise for a 2-year incubation interval for USD 300,000. The incubation charge can be held in escrow till the approval of the applying by USCIS. If the applying shouldn’t be authorised, there’s a 100% refund assure, and the applicant will obtain a full refund of the USD 300,000. In different phrases, there’s a safety assure of the incubation charge and importantly, the approval of the EB-2 software shouldn’t be contingent on the success or failure of the enterprise enterprise. Moreover, 100% of the enterprise enterprise is owned by the applicant and the designated enterprise incubator doesn’t take any fairness within the enterprise. All income to be generated by the enterprise enterprise belong completely to the applicant.
Moreover, there isn’t any language, enterprise efficiency, or job creation requirement for this EB-2 visa. There are additionally no age, nationality, or enterprise area restrictions. On common, the processing time from submission of paperwork to receipt of inexperienced card is projected at 16 months.
In the end, the EB-2 is a superb choice for high-net-worth people who want to begin a enterprise enterprise and acquire everlasting residence in america.