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In Oak Brook, as in the rest of the United States, there is no local Golden Visa program. Immigrant investor options are governed primarily by federal law and regulations. The two main pathways are the EB-5 Immigrant Investor Program and, for eligible nationals, the E-2 Treaty Investor visa when the investor's country has a treaty with the United States.
The term Golden Visa is commonly used to describe investment based immigration programs. In Oak Brook, a foreign investor would pursue federal immigration processes while integrating with local business plans or development projects in DuPage County. A U.S. immigration attorney or legal counsel can help align the investment with federal requirements and with Oak Brook's business licensing and permitting processes.
Key federal sources outline how the EB-5 program works, including eligibility, investment thresholds, and the path to permanent residency. See the official USCIS and Department of State pages for current rules and timelines.
Source: USCIS - EB-5 Immigrant Investor Program, U.S. Department of State - EB-5 Immigrant Investor Program
Consider these concrete, Oak Brook relevant scenarios where a Golden Visa attorney is essential. Each involves issues that commonly arise with cross border investments and U.S. immigration procedures.
Oak Brook does not possess a separate Golden Visa statute. The relevant rules originate from federal immigration law and federal regulations, with local implications for business licensing and zoning when a project is funded by an immigrant investor.
The following federal authorities and regulations govern the Golden Visa process in Oak Brook and across Illinois:
Recent guidance and text for these rules can be found at:
Source: USCIS - EB-5 Immigrant Investor Program, eCFR Title 8 Part 204, U.S. Department of State - EB-5 Immigrant Investor Program
EB-5 allows a foreign investor to obtain conditional permanent residency by investing in a new commercial enterprise that creates or preserves jobs in the United States, including projects in Oak Brook. Investments typically involve an I-526 petition and a path to I-829 to remove conditions.
Processing times vary widely by case and USCIS workload, often ranging from 12 to 36 months for I-526 approval, plus additional time for consular processing or adjustment of status and I-829 review later.
Most EB-5 projects involve a new commercial enterprise. A qualified attorney can help structure the investment as a direct business or as part of a regional center project, ensuring compliance with the rules.
Yes, EB-5 funds can originate from legitimate sources such as inheritance, but you must document the funds and traceability to lawfully acquired funds per USCIS requirements.
The minimum investment amounts are defined by USCIS and are adjusted over time. A TEA can reduce the required investment threshold, but you must prove TEA status and job creation metrics.
EB-5 leads to conditional permanent residency after investment, while E-2 is a non immigrant visa for treaty nationals to develop or direct a business. E-2 investment thresholds and eligibility depend on the investor's nationality and treaty status.
Local familiarity with Oak Brook business licensing can help, but you can hire national counsel if they are experienced in EB-5 matters. A local attorney can coordinate with project developers and the community.
Illinois tax considerations apply to income earned in the state. Investors should consult a tax professional about state tax reporting, pass-through entities, and potential treaty benefits.
The conditional green card lasts for two years. You must file I-829 to remove conditions, demonstrating sustained investment and job creation related to the Oak Brook project.
Yes, you must show that a funded project will create or preserve the required number of jobs, either directly or indirectly, depending on the investment structure.
The 2022 reforms re authorized the program, introduced integrity measures, and clarified governance for regional centers. The effect depends on your project structure and current USCIS guidance.
Beyond the investment, costs include legal fees, due diligence, administrative fees, and potential regional center or project related charges. Budget for several thousand dollars to tens of thousands depending on complexity.
These official sources offer authoritative guidance on the EB-5 program and related immigration rules:
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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
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