Conditional Permanent Resident

All individuals who have obtained a green card, but their residency has some restrictions, are referred to as conditional permanent residents. Following the approval of either their I-485 or DS-230, an EB-5 investor is granted conditional permanent residency for two years. Within 90 days before their two-year conditional period expires, investors are required to put in an application for permanent residency. Once permitted to dwell in the US lawfully, you get Privileges such as the ability to work and travel, similar to what permanent residents enjoy. To have conditions removed, you will be required to petition. Once your I-526 petition is approved, you can get a conditional EB-5 green card and obtain CPR status. Conditional Permanent Residency, abbreviated to CPR, is awarded to foreign citizens who are married to American citizens and EB-5 applicants. Legal permanent residents have similar rights and obligations as conditional permanent residents. However. The permanent residency is only valid for 24 months and there are some conditions that must be fulfilled within a specified time span.

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in February 2022, and continues to work with international families that want to explore alternative residency options.

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