How much income do you need to support an immigrant?

How much income do you need to support an immigrant?

The most common minimum annual income required to sponsor a spouse or family member for a green card is $21,775. This assumes that the sponsor — the U.S. citizen or current green card holder — is not in active military duty and is sponsoring only one relative.

When does an immigrant’s income and assets count?

Technically, a U.S. job offer for the immigrant is not supposed to count when U.S. immigration authorities assess the U.S. sponsor’s ability to support the immigrant (as well as members of her own household) at a level that meets the 125% of Poverty Guidelines minimum.

When to include assets in an immigration affidavit?

You can only include the assets that can be converted into cash within one year and without considerable hardship or financial loss to the owner or his/her family members. The consular or immigration officer must be convinced that the value of the asset could be reasonably made available to support the sponsored immigrant.

What kind of assets do you need to sponsor an immigrant?

Assets are counted at only one fifth their current market value, or one third if the immigrant is the spouse or child of a U.S. citizen. And you must subtract out any debt liabilities, mortgages, and liens against the asset. To be used for immigration sponsorship purposes, your assets must be readily convertible into cash (within one year).

Do you need an i-864 for an immigrant visa?

Petitioners are required to submit an Affidavit of Support form and evidence of their income. The Affidavit of Support form, also called the I-864, is legally required for most family-based and some employment-based immigrants. It is a legal contract between the petitioner (sponsor) of an immigrant visa applicant and the U.S. government.

Technically, a U.S. job offer for the immigrant is not supposed to count when U.S. immigration authorities assess the U.S. sponsor’s ability to support the immigrant (as well as members of her own household) at a level that meets the 125% of Poverty Guidelines minimum.

How much income do you need to be an immigrant?

For example, in 2019, a sponsor would need to have income (or assets) of at least $32,187 to cover a petitioner who lives alone and is sponsoring one immigrant and two children (that is, a total of four people). This amount can be shown through income alone, or through a combination of income and assets.

What kind of assets do immigrants need to bring to the US?

However, assets (such as savings, houses, or cars) can be a valuable way to fill the gap. Assets are counted at only one fifth their current market value, or one third if the immigrant is the spouse or child of a U.S. citizen. And you must subtract out any debt liabilities, mortgages, and liens against the asset.

Can a green card applicant use foreign assets?

The official I-864 guidelines state, however, that green card applicants may include their assets no matter where they live, whether in the United States or abroad. But that’s not all you need to know. There are additional constraints on using foreign assets as proof of financial support: