Are the EB-5 Regional Investment Centers in Jeopardy?
The EB-5 Employment Creation / Investor Program was founded in 1990. The program was created for qualified Aliens seeking Permanent Resident status (i.e. Green Cards) on the basis of their investments into the American economy, via active commercial enterprises. Unknown to many, there are actually two flavors of EB-5 programs (the ‘default’ $1 million program and the Regional Center Investment [Pilot] Program which allows for a reduced investment of ‘only’ $500,000). Under the default provisions of the EB-5 Program, investors who invest $1 million into a U.S. enterprise and employ no less than 10 full-time qualified workers. This program is designed for people who are actively running a business. Most likely, this aspect of the EB-5 immigrant visa category will not be affected by the potential sunsetting later this month, as we approach the new fiscal year (FY2009). The debate is centered around the EB-5 Regional Center Program, which allows an Alien to invest $500,000 into a pre-scree
Related Questions
- Do all regional centers require that the investment amount be deposited into a designated escrow account, and when is the release date of such fund to the new commercial enterprise entity?
- Yes, without the changes in the EB-5 law, we believe the Regional Centers would have continued to meander and never have taken off. What were the important statutory amendments?
- How can an interested investor apply for the EB-5 visa through the South Florida Investment Regional Center?
