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Question:

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What happens if $1mm is used to create 10 jobs, but then the company, say a software startup, fails before the 2 yr period and all the money is lost? Does that impact the granting of the I-829? Or what happens if 10 jobs are created in a short term project, say a movie, the jobs end in, say, 12 months, but the movie goes on to be successful and returns the investor's money. Does that impact the granting of the I-829?

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Answers:

December 13, 2012 11:22 Clem Turner

Generally speaking, in order for the conditions on the green card provided during the I-526 to be removed at the I-829 stage, the project must have created ten jobs per investor (or be reasonably likely to create ten jobs per investor). Thus, if the jobs do not exist when the I-829 comes up for review, the investor will lose his conditional green card.

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