Your permanent residence status is conditional if it is based on investment. You are given conditional resident status on the day you are lawfully admitted to the United States for a 2 year period.

You must file Form I-829, Petition by Entrepreneur to Remove Conditions, to remove the conditions on your permanent resident status. Form I-829 must be filed within 90 days before the second anniversary of your admission to the United States as a conditional resident.

After You FileYour conditional permanent resident status will be extended for 6 months or until the processing of your Form I-829 has been completed, whichever is longer.  You will receive a receipt for filing the Form I-829 that you should carry with your green card.

If You Don’t FileIf you do not file Form I-829 as required, you will automatically lose your conditional permanent resident status as of the 2nd anniversary of the date you were granted conditional status. As a result, you will become removable from the United States.

Filing LateYou may file Form I-829 late provided you submit a:

Request to excuse your late filing

Written explanation that shows that your failure to file on time was for good cause and due to extenuating circumstances