US EB-5 program extended 6 months through SeptemberMarch 26, 2018
The EB-5 visa program is extended through September.
The program, which allows foreign investors to obtain a green card if they put $500,000 into job-creating projects, will remain in place until September 30.
While Congress failed to change the EB-5 visa program, the United States Citizenship and Immigration Services (USCIS), which is the agency that runs the program, may issue new regulations to increase the investment amount. USCIS published such regulations in January 2017 and can implement them at any time. Thus, it is wise for investors to file their EB-5 I-526 petitions now, while the minimum investment amount remains $500,000.
The EB-5 visa provides a method of obtaining a green card for foreign nationals who invest in a “new commercial enterprise” in the United States. The EB-5 program “affords foreign nationals and their spouses and unmarried children under age 21 the ability to obtain a U.S. visa based solely upon a minimum investment in a for-profit enterprise that creates or retains a specified number of jobs”. To obtain the visa, individuals must invest $1,000,000 (or at least $500,000 in a Targeted Employment Area – high unemployment or rural area), creating or preserving at least 10 jobs for U.S. workers excluding the investor and their immediate family.
If the foreign national investor’s petition is approved, the investor and their dependents will be granted conditional permanent residence valid for two years. Within the 90-day period before the conditional permanent residence expires, the investor must submit evidence documenting that the full required investment has been made and that 10 jobs have been maintained, or 10 jobs have been created or will be created within a reasonable time period.
Commercial real estate projects result in job creation through construction work at first and eventually in the service industry for example in hotels, restaurants, resorts and/or stadium development.
Contact us for the list of EB-5 investments projects in Miami / Fort Lauderdale: https://www.miamionere.com/contact/