There are three stages of the application process an investor must complete to become a permanent U.S. Resident:
The foreign investor must first gather documentation which highlights the legitimacy of the investment and how it meets EB-5 prerequisites. To acquire the proper status, the investor should then submit the aforementioned documentation and a finalized Immigrant Petition by Alien Entrepreneur Form (Form I-526) to the U.S. Citizenship and Immigration Services (USCIS)..
If the potential investor currently lives within U.S. territory and obtains consent on their I-526 Form, he or she can claim conditional resident status after USCIS approval of the Application to Register Permanent Residence or Adjust Status (Form 1-485). For those who live outside of U.S. territory, the application for an immigrant visa must me made through their U.S. Consulate.
The conditional resident status is valid for a 90-day term. Within this term, a petition by Entrepreneur to Remove Conditions (Form I-829) should be filed with the USCIS. Logistics of the investment, such as the validity of the investment over a two-year span and the satisfaction of the employment requirements, should be relayed in the I-829. The investor and members of his or her family under 21 will be considered permanent U.S. residents at the time the I-829 form is approved by USCIS.