The Immigration Act of 1990 created the United States visa for immigrant investors known as the EB-5 Visa. Foreign nationals who are willing to invest money in the United States are provided a method to obtain a green card with the visa. Most investments must be at least $1,000,000 to obtain the visa. Rural and high unemployment areas are referred to as “Targeted Employment Areas.” Investments of only $500,000 are required in these areas. At least ten jobs for United States workers, other than the immediate family of the investor, must be created or preserved.
The initial EB-5 program required the creation of a new commercial enterprise. Investments can also be directly made to a commercial enterprise that generates jobs for new or existing “Troubled Business.” Another option is to give money to a third party private or public investment vehicle referred to as a Regional Center. Responsibility for creating jobs is assumed by the Regional Center. The entity is allowed to charge a fee for the administration of the investment.
If approved, the foreign national and dependents are granted two years of conditional permanent residence. The investor has to provide evidence that documents the investment was made and ten jobs have been maintained, created, or will be created in a reasonable time frame. The documentation must be in place during the 90-day period prior to the two-year expiration date.
The pilot program was a temporary creation made by Congress, in 1992, to stimulate job growth and economic activity. At the same time, eligible aliens were given the opportunity of becoming lawful permanent residents. While meeting the conditions of the program, the United States reaps the benefits that include an increase in domestic capital investment, job creation, improved regional productivity, and increased export sales. Investing in a Regional Center gives the foreign national an added benefit of counting jobs that are created indirectly as well as directly, toward the required ten job creation.
The use of the program by foreign investors has been below the anticipation Congress originally held. Problems that have caused investors to shy away from the opportunity include the grueling application process, long adjudication periods, and process suspension on more than 900 EB-5 cases; some that dated back to 1995. The poor response precipitated a change in the regulations interpretation regarding financial qualifications. Changes were made in 2011 in hopes of an increase in application numbers.
In September 2015, the US Congress was set to vote for the renewal of the program, including some significant changes, one of them the increase of the minimum amount of investment to $800k for the TEA (Targeted-Employment-Areas) projects and $1.2M for all other categories.
For more details on the requirements to apply for this program, who qualifies, processes, documentation etc, CLICK HERE.
Florida 360 Investments & Realty, LLC is a North American consulting company in Real Estate, Business Brokerage and Investments targeted for Immigration purposes, established in 4 locations in Southern and Central Florida. Founded in 2009, it is the only company in its sector to offer such a wide range of services.
Our mission is to help our clients reach their United States investment and/or immigration goals through financial and immigration strategies in the real estate and business sector, providing them with ways to establish themselves and live in the United States.
For more information on how we can help you meet your goals in the USA, contact us: +1(954) 325-2625 or by e-mail: email@example.com
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