Attorney Ahmad Yakzan has represented several individuals in their quest to gain their permanent residence through the EB-5 employment creation program. The EB-5 program was greated by Congress in 1990 to stimulate the economy of the United States. The investment could be through a stand-alone direct investment, or through a regional center approved by United States Citizenship & Immigration Services (USCIS).
The amount of investment varies depending on the location of the investment. An investment of $500,000 is required for an investment in a Targeted Employment Area (TEA) defined as a location with high unemployment or a rural area. An investment of $1,000,000 is required for an investment outside of these areas. A TEA is an area that has at least 150% of the national unemployment rate and a rural area is defined as an area that is outside any city with a population of 20,000. 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 regional center vary in their concentration and encompass almost every area of interest and state in the United States. The amount of investment varies depending on the location. Attorney Ahmad Yakzan could help interested investors in locating suitable regional centers that have successfully filed petitions on behalf of investors. Attorney Ahmad Yakzan does not give investment advice as to individual centers but has partners who are willing to do such analysis. For a list of regional center by state, you can visit this link.
Individual investors could also invest their funds directly into their own companies, if they want to have more control over their investments. The investment in a direct investment includes commercial real estate, inventory and operational capital, among other things. Direct investors must meet the same requirements mentioned above as to the amount, location, and job generation mentioned above. As mentioned above, direct investment in ideal for individuals who wish to have more control of their investments. Attorney Ahmad Yakzan has helped several individuals gain their permanent residence through direct investment under the EB-5 program.
Investors must also meet several other requirements such as legal source of funds and must show that their investments are viable through 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 2 years after receiving their conditional residence.
Call us today to inquire about the EB-5 program.