Bloomberg-Business Week: August 4, 2011: EB 5 Program
A prominent magazine, Bloomberg-BusinessWeek, just published an article on the EB 5 program. The article is titled "The EB-5 Program: Create American Jobs, Get a Green Card" discusses the recent status and updates on the EB 5 Visa program. The EB 5 immigrant investor visa is designed for entrepeneurs who invest in job creation as detailed in the article. The United States Government, through the United States Customs and Immigration Service, are offering permanent residency to investors who create at least ten jobs and invest $500,000. The article also discusses regional centers.
Under the EB5 pilot program, the investor invests the $500,000 with a United States Approved Regional Center. The Regional Center is responsible for the investment and also making sure the requirements of ten (10) jobs created is satisfied. The ten jobs can be either direct or indirect jobs. Many regional centers use indirect job creation such as the employment of construction personnel as well as many others. In this manner, even if the investment does not produce a return, the permanent residency conditions are satisfied for the investment.
The article discusses that over 30,000 jobs have been created and the investment amount is approximately 1.5 billion dollars. The EB 5 pilot program, as the article explains, sunsets in September of 2012. There is no guarantee of an extension and the article discusses the benefits of extending the current program. As such, it is very important to petition as soon as possible.
If you are interested in joining the thousands of investors from all over the world who have obtained lawful permanent residency in the United States for themselves, their spouses and their unmarried children under the age of 21, you should consider the EB 5 investor visa. The first procedure is to file the I-526 petition with USCIC. If you have $500,000 to invest, the EB 5 pilot program is the best strategy since the permanent residency is assured and the job requirements met with an approved regional center.
Please feel free to contact our office for a confidential and complimentary consultation on your EB 5 application.
