Ike Agwuegbo & Co P.C.
Ike Agwuegbo & Co
15 Ocean Avenue
Suite 2C
Brooklyn, NY 11225
United States
ph: 718-355-0585
fax: 718-228-4298
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EB5 visa for Immigrant Investors is a United States visa created by the Immigration Act of 1990. This visa provides a method of obtaining a green card for foreign nationals who invest money in the United States. To obtain the visa, individuals must invest at least $800,000, creating at least 10 jobs.
the Immigrant Investor Program, also known as the Regional Center Program, which sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centers approved by USCIS based on proposals for promoting economic growth.
This Program" requires only $800,000 of investment in exchange for permanent resident status. The investment could only be received by an economic unit defined as a Regional Center.
A Regional Center is defined by any economic unit, public or private, engaged in the promotion of economic growth, improved regional productivity, job creation and increased domestic capital investment. Prior law required the investment in the Regional Center to generate an increase in export sales, however statutory amendments in 2000 and 2002 no longer require this increase. The individual receiving the visa is not required to actively manage the business invested in. For investors who wish to invest in a new or existing business, have an active role in the management of the operation (although simply being a Limited partner in the organization that owns the business qualifies as "AN ACTIVE ROLE."), and have at least one million US dollars to invest ($800,000 if the business is located in certain areas deemed as Rural or with very high unemployment), then the traditional EB-5 visa is the best option.
The basic requirements for an EB-5 Visa when investing in a regional center are:
1, The Investor must Invest $800,000 or $1,050,000, $800,000 for investment in rural areas or urban areas with over 15% unemployment.
Advantages of the EB-5 visa
- Permanent Residence for the whole family with one investment.
- Husband, wife and all unmarried children under 21 receive Green Cards.
- Live anywhere in USA.
- Take any job, run or start any business, even retire.
- Any nationality may apply.
- No language requirement.
- Same privileges as a US citizen:-
- Free public school education.
- Same University fees as a citizen.
- Access to Medicare after 5 years.
- Wider job market for your children in the future.
- Property tax savings in some states like Florida.
- Citizenship after five years.
Requirements of the EB-5 visa
- Net worth of $1 million, or high annual income
- Minimum investment of $800,000
- Associated costs about $80,000, including:-
- Specialist EB-5 attorney
- Investment Center fees
- Filing fees to the USCIS
- Birth certificates
- Marriage certificate
- Police Record check
- No previous US immigration violations
- Detailed documentation for source of funds
- Time to obtain Conditional Green Card, almost 12 months but getting less.
- Time to secure Permanent Green Card, circa 3.5 year
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.
The basic premise of the visa is straightforward, but the legal details are complicated, so it is important to work with an experienced EB-5 immigration lawyer. The attorneys at Ike Agwuegbo & Co P.C. are knowledgeable and well experienced in EB-5 Visa law. They have handled EB-5 cases through Regional Centers as well as complex EB-5 cases for investors starting their own new business.
Copyright 2013 Ike Agwuegbo & Co. All rights reserved.
Ike Agwuegbo & Co
15 Ocean Avenue
Suite 2C
Brooklyn, NY 11225
United States
ph: 718-355-0585
fax: 718-228-4298
info