Who can participate in the EB-5 program?
Who can participate in the EB-5 program?
Under this program, investors (and their spouses and unmarried children under 21) are eligible to apply for a Green Card (permanent residence) if they: Make the necessary investment in a commercial enterprise in the United States; and. Plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.
Can I invest in real estate for EB-5?
The EB-5 program allows real estate investors to invest in commercial real estate development projects in the United States and get a green card.
Will eb5 be extended?
Congress passed a short-term Continuing Resolution on Sept. 30, 2021, to continue funding the federal government through Dec. 3, 2021. Because of this, the Regional Center Program likely will not be extended until at least Dec.
Does owning property help with green card?
You can’t get a green card simply by buying a house in the U.S. In fact, owning real estate doesn’t ordinarily give you any visa or other immigration benefits. Through the EB-5 program, you and your immediate family could qualify for green cards through an investment of at least $500,000.
What is the EB-5 program?
This program is known as EB-5 for the name of the employment-based fifth preference visa that participants receive. Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.
What are the changes to the EB-5 Immigrant Investor Program?
The US Citizenship and Immigration Services (USCIS), published regulations making major changes in the EB-5 Immigrant Investor Program, effective 21 November 2019. The rules say that states can no longer designate regional centers; this duty now belongs to the Department of Homeland Security (DHS), which manages USCIS.
When does the EB-5 Regional Center program end?
On December 20, 2019, President Trump signed a law extending the Regional Center Program through September 30, 2020. The EB-5 visa provides a method of obtaining a green card for foreign nationals who invest in a “new commercial enterprise” in the United States.
Is EB-5 the best source of capital for commercial real estate developers?
For commercial real estate developers, EB-5 financing is an attractive source of capital – especially since developments ideally suited for EB-5, like hotels, are among the most difficult to receive non-recourse construction financing using traditional capital sources.
