Conditional permanent residency is a temporary status granted to EB-5 investors and their immediate family members after the approval of their l-526 petition. It lasts for two years and allows the individual to live, work and study in the U.S during that time. The conditional status is given to ensure that the investor fulfills the requirements of the EB-5 program, such as maintaining the investment and creating jobs. Before two years end, the investor must file Form l-829 to remove the conditions and obtain permanent residency.