Why EB-3 Applicants Are Transitioning to EB-5
Due to high demand and per-country limits (especially for countries like India and China), many EB-3 applicants face long wait times—sometimes extending decades. Given these delays, more and more individuals are exploring the EB-5 route as a way to obtain a green card more quickly. Several factors are driving this shift:
Shorter Wait Times
EB-5 applicants can often obtain a green card much faster than those in the EB-3 backlog. For example, EB-5 investors can sometimes receive their green cards in just 2-3 years, compared to the decades-long wait for EB-3 applicants from high-demand countries.
Reauthorization of EB-5 Regional Centers
The EB-5 Regional Center Program was reauthorized in 2022, bringing important integrity reforms and protections for investors. This has enhanced the program’s credibility and increased its appeal among foreign nationals looking for a faster, more reliable immigration path.
Concurrent Filing Rules
With recent concurrent filing rules, applicants can submit their I-526E petition for EB-5 and their I-485 Adjustment of Status application at the same time, allowing them to gain Employment Authorization (EAD) and Advance Parole (AP)—which means they can work and travel freely while waiting for their green card approval.
EB-3 to EB-5: Step-by-Step Transition Process
Transitioning from EB-3 to EB-5 requires a well-thought-out process. Here’s a step-by-step guide:
➤ Evaluate Current EB-3 Status
- Review your priority date and determine whether it is significantly backlogged.
- Assess your financial ability to make an EB-5 investment.
➤ Select an EB-5 Project or Direct Investment
- Most applicants prefer Regional Center projects, which streamline the job creation requirements for EB-5 petitions.
- Perform due diligence on the chosen project to ensure it meets both financial and immigration requirements.
➤ Make the Investment
- Invest the required capital—either $800,000 in a Targeted Employment Area (TEA) or $1,050,000 in other regions.
➤ File Form I-526E (Immigrant Petition)
- Submit the I-526E petition with supporting legal and financial documents.
➤ Concurrent Filing of I-485 (if inside U.S.)
- If you are already in the S., you can file I-485 (Adjustment of Status) concurrently with your EB-5 petition.
- This allows you to receive an EAD (Employment Authorization Document) and AP (Advance Parole) within 3–6 months.
➤ Adjustment of Status or Consular Interview
- Once your EB-5 petition is approved and a visa number is available, you and your family will receive your green cards.
➤ Withdraw EB-3 Petition (Optional)
- Once your EB-5 petition is progressing smoothly, you may choose to withdraw your EB-3 petition to avoid any confusion around dual intent (though this step is not mandatory).
Benefits of Transitioning from EB-3 to EB-5
Faster Green Card Process
Switching to EB-5 often results in a faster green card process, especially for those stuck in the EB-3 backlog.
Concurrent Filing Advantage
The ability to file for Adjustment of Status (I-485) concurrently with the EB-5 petition allows you to gain work and travel permits within a few months, significantly improving your quality of life in the U.S.
Greater Control
EB-5 is a self-sponsored visa, meaning you don’t rely on an employer for sponsorship. This provides flexibility and security if you are facing job uncertainty or layoffs.
Family Immigration Benefit
Your spouse and children under 21 can receive green cards as derivatives, allowing them to live, work, and study freely in the U.S.
No Employer Sponsorship
With EB-5, you are no longer tied to a specific job or employer, removing potential challenges related to employer-based immigration policies or sponsorship.