The difference between a conditional and an unconditional green card

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Foreign investors looking to build a business in the United States need to apply for an EB-5 visa, which allows them to invest money in certain locations in exchange for residency. It is a way for investors to obtain a green card and apply for permanent residency.

Green card is a proof that the holder has been granted immigration benefits such as permission to reside and get employment in the United States. It has two classifications – conditional and unconditional – depending on the validity.

Conditional green card is only valid up to two years. Holders must file another application (I-829, which takes a processing time of five months) at the U.S. Citizenship and Immigration Services (USCIS) three months before the conditional green card expires to verify investment and creation of employment. When the temporary status has been lifted, the holder will receive full residential status.

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Unconditional or permanent green cards offer the same privileges as conditional green cards but are valid for 10 years. Failure to renew after the card expires will not result in loss of the holder’s permanent residency status, but he or she may have difficulty getting a job, benefits, or re-entry to the U.S. after traveling abroad.

Aside from employment and investment, green card benefits include travel, education, and sponsorship of a spouse and unmarried children under 21 years old for U.S. residency. Foreign investors should comply with the requirements and obligations set by the USCIS to ensure residency status and enjoy the benefits of a law-abiding U.S. citizen.

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Shalom Segelman is an EB-5 visa specialist who promotes the Immigrant Investor Program. Learn more about his work by subscribing to this Facebook page.