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Permanent
Residency Status 'The Greencard'
- A green card based on
employment grants a permanent residence visa and is available, on a
preferential basis, to many workers. The preferential basis divides
employees into various categories, the highest stratum including those
with extraordinary ability, managers and executives.
Professionals with advanced degrees or those with exceptional ability in
the sciences, arts or business fall into the Second Preference Priority
Worker category for permanent residence status.
The Third Preference Workers are professionals with basic degrees, skilled
workers and "other workers" who have less than two years of relevant
experience.
Following is a more detailed explanation of these three categories and
their subparts:
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Preference
List
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First
Preference
Those given First
Preference must be employed as or demonstrate:
Extraordinary
Ability
Prospective immigrants who can demonstrate "extraordinary ability and
achievements in the arts, sciences, business or athletics" and who
wish to enter the US to continue to work in their field can apply for
these visas on their own behalf. They do not require a job offer or
Labor Certification from a US employer.
Outstanding
Professors and Researchers
Potential
immigrants with at least 3 years experience in teaching or research in
their field entering a residency or "comparable research position" in
academics or in private industry. This does not require the employer
to obtain Labor Certification.
Multinational
Executives or Managers
Executives or managers who have at least 1 year of qualifying
experience as an overseas executive or manager within the past 3 years
with their sponsoring employer. This does not require Labor
Certification and is very similar to the L non-immigrant visa.
Second
Preference
Those given Second
Preference must be employed as or demonstrate:
Advanced Degree
Professionals
This applies to members of the professions holding advanced degrees
such as a Master's degree or higher (or an equivalent) who receive
sponsorship from a US employer.
Labor Certification, that is, approval by the Department of Labor is
required, unless the applicant can establish that their admission will
be in the national interest.
In some cases, "self-employed" individuals may qualify in this
category.
Exceptional Ability
Immigrants who can establish exceptional (as opposed to extraordinary)
ability in the arts, sciences, or business who are sponsored by a US
employer.
A Labor Certification approval from the Department of Labor is
generally required unless the applicant can establish that their
admission will be "in the national interest" .
In some cases self-employed individuals may qualify in this category.
Third
Preference
Those given Third
Preference must be employed as:
Professionals
This visa covers members of "professions" who are sponsored by a US
employer. A profession is defined as an occupation which has as a
minimum requirement of a four-year US college degree in a field
specific to that occupation.
Labor Certification approval from the Department of Labor is required.
Skilled Workers
These are workers whose jobs require a minimum of two years
specialized training or experience who are sponsored by a US employer.
Labor Certification approval from the Department of Labor is required.
Other Workers
Workers whose jobs require less than two years of specific training or
experience who are sponsored by a US employer. There are extremely
long waiting lists for this type of immigrant visa.
Labor Certification approval from the Department of Labor is required.
EB-5
Visa for Investors in the United States Economy
Permanent resident status
based on EB-5 eligibility is available to investors, either alone or coming
with their spouse and unmarried children. Eligible aliens are those who have
invested, or are actively in the process of investing, the required amount
of capital into a new commercial enterprise that they have established. They
must further demonstrate that this investment will benefit the United States
economy and create the requisite number of full-time jobs for qualified
persons within the United States. Essentially, a foreign national is
eligible if they undertake one of the following actions:
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Establish a new
commercial enterprise by:
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Creating an original
business;
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Purchasing an existing
business and simultaneously or subsequently restructuring or
reorganizing the business such that a new commercial enterprise results;
or
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Expanding an existing
business by 140 percent of the pre-investment number of jobs or net
worth, or retaining all existing jobs in a troubled business that has
lost 20 percent of its net worth over the past 12 to 24 months; and
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Invested -- or who are
actively in the process of investing -- in a new commercial enterprise:
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At least $1,000,000, or
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At least $500,000 where
the investment is being made in a "targeted employment area," which is
an area that has experienced unemployment of at least 150 per cent of
the national average rate or a rural area as designated by OMB; and
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Engage in a new
commercial enterprise will benefit the United States economy and:
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Create full-time
employment for not fewer than 10 qualified individuals; or
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Maintain the number of
existing employees at no less than the pre-investment level for a period
of at least two years, where the capital investment is being made in a
"troubled business," which is a business that has been in existence for
at least two years and that has lost 20 percent of its net worth over
the past 12 to 24 months.
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If you are currently an
investor or have been an investor in the U.S. economy and you fulfill any of
the above general requirements, please contact O'Brien & Associates for
assistance.
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