ABOUT THE EB-5 PROGRAM
The EB-5 Visa was created by Congress in 1990 (under the administration of George H.W. Bush) to stimulate the United States economy through job creation and capital investment by foreign investors. Overseen by the United States Citizenship and Immigration Services (USCIS), the EB-5 Immigrant Investor Visa provides permanent U.S. residency (via Green Card) to foreign nationals and their immediate families through an investment in U.S. based businesses and real estate projects that result in the creation of new jobs.
The program requires the foreign investor to make a $500,000 investment in a Targeted Employment Area (TEA). TEAs are areas, delineated by census tracts, that are either “rural” or have an unemployment rate that is 150% or more than the national average rate at the time of investment – this threshold is currently 9.3%. For additional information on the geographies in which AAOF can invest, please click here.
The foreign investor’s capital must be “at risk” until they receive their permanent green card, and capital must be used to help create a minimum of 10 permanent jobs for legal U.S. citizens. Jobs can be created on a direct, indirect and/or induced basis (using an econometric analysis), through operation of the business as well as construction efforts.
Not only foreigners benefit from the EB-5 Program – it brings much needed capital to areas of need, creates permanent new jobs for U.S. citizens, and brings new entrepreneurs (and taxable income) to our country. The EB-5 Program has gained wide acceptance over its 25+ year history, and local governments and major industry players like Marriott, Hilton, Starwood and Lennar Homes have tapped into the program to fund projects.
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