Attorney Ahmad Yakzan has represented several individuals in their quest to gain their permanent residence through the EB-5 employment creation program, which was created by the US Congress in 1990 to stimulate the country’s economy. This investment could be a stand-alone direct investment or through a regional center approved by the United States Citizenship & Immigration Services (USCIS).
The amount of investment varies depending on the location. An investment of $500,000 is required for an investment in a Targeted Employment Area (TEA), an urban place that has at least 150% of the national unemployment rate or a rural area outside any city with a population of 20,000. Meanwhile, an investment of $1,000,000 is required for investment outside of these areas.
Conditional Permanent Residence
An investor gains conditional permanent residence for two years, and the conditions would be removed if the investor proves that the investment created 10 qualifying jobs.
Regional centers are investment centers approved by the government to receive investment funds from interested investors. These places vary in their concentration and encompass almost every area of interest and state in the US. The amount of investment varies depending on the location.
Attorney Ahmad Yakzan could help interested investors locate suitable regional centers that have successfully filed petitions on behalf of investors. However, he does not give investment advice regarding individual centers but has partners who are willing to do such analysis. For a list of regional centers by state, you can visit this website.
Individual investors could also invest their funds directly into their own companies if they want to have more control over their investments. Direct investments include commercial real estate, inventory, and operational capital.
Investors must meet the same aforementioned requirements on the amount, location, and job generation. Attorney Ahmad Yakzan can help you gain your permanent residence through direct investment under the EB-5 program.
Investors must also meet several other requirements, such as a legal source of funds, and show a concrete business plan showing the investment’s viability and potential to create the required amount of jobs. Individuals must file to remove the conditions on their residence two years after receiving their conditional residence.