Category: regional center

American Dream Law Office PLLC Wins EB-5 Case for Foreign Investor

Yesterday, American Dream Law Office PLLC received USCIS approval for a stand alone EB-5 petition for one of its clients. The client is now awaiting the processing of his immigrant visa by the State Department’s National Visa Center in New Hampshire.

The Eb-5 program was approved by Congress in the 1990s to attract capital investments into the United States. The program allows an investor to invest certain amounts of capital in the United States to receive an immigrant visa, and eventually lawful permanent residence (green card). The beneficiary would be able to immigrant to the United States as a lawful permanent resident with any of his family members who are under 21 years old, if applicable.

The process is cumbersome and gets more complicated depending on the amount and area of investment. The program calls for a minimum investment of $500,000 in a rural area or a Targeted Employment Area, defined as an area with at least %150 of national unemployment. The program calls for an investment of at least $1,000,000 in all other areas. The investment must be in a company that was established after November 29, 1990, or if the company was established before, must meet several other requirements. A successful petition would grant an investor conditional permanent residence for two years. The investor must show that his investment created or in the process of creating  at least 10 qualified jobs to remove the conditions on residence after two years. The investment could be in any for-profit organization.

Two forms of processes could be used for the investment: through a stand-alone entity or through a regional center. A stand alone entity is an entity that would be established and run by the individual investor; a regional center is an investment company that is pre-approved by USCIS to receive foreign investments from foreign investors and petition for their lawful permanent residence. The terms for the various regional centers are  different, and an individual investor must carefully consider the financial of the chosen center with the help of a certified financial agent to ensure success.

At American Dream Law Office PLLC, we would be glad to help you with all aspects of the petition process. Through our connections,  we could introduce you to individuals to help with the company’s financial analysis, business planning, and drafting an effective business plan that would increase your chances of success. We will also do our best to guide you through the immigrant visa process to ensure that you and your family take the first steps towards your American Dream.

Please note that individuals results vary and that any reference in this post regarding past results should not be construed as a promise or guarantee of any results.

Attaining Permanent Residence through the EB-5 Program

The Eb-5 program has been getting renewed attention lately. Congress has been trying to reform the program specifically to counter the alleged fraud that has plagued the program since 1990. One thing remains true however, there is an influx of interest by Chinese and South American investors who are shelling hundreds of thousands of dollars for a chance to attain the American dream. The EB-5 program allows foreign investors who invest at least $500,000 ($1,000,000 in most areas) in a “new business to receive permanent residence in the United States. The amount of investment depends on the location of the investment. The lower amount is for investments in Targeted Employment areas, or areas where unemployment is 150% of the national unemployment number. The $1,000,000 investment requirement is for areas where unemployment is less than 150%. EB-5 investments could be in what is called a stand-alone investment, or through a regional center. A stand-alone investment is one where the investor invests his money into his own business and tries to meet all the program’s requirements through that company. A regional center investment is an investment where the investor invests his money into a pre-approved investment center, with limited control over the investment. As of today, there are 480 regional centers. You can access the regional center list by visiting this link. The EB-5 program is not for everyone. It is important to consult with an immigration attorney before taking on this endeavor. Please feel free to leave me a comment through the form below, add me on twitter, Linkedin and Google Plus. [contact-form-7 404 "Not Found"]