Michigan Criminal Attorneys BlogThe EB-5 immigrant investor program was created by Congress to encourage foreigners to invest money in the United States in order to create jobs for United States workers. The minimum investment for the foreigner is one million dollars of at risk capitol to create a minimum of 10 jobs for United States workers. In some instances – in rural areas, or areas with high unemployment – the amount of the investment only needs to be $500,000. The investment must: meet the minimum dollar amount in terms of the investment; the investment funds must be at risk; the investment must benefit the United States economy by providing goods and service to United States markers; it must create a minimum of 10 full time jobs for United States citizens, green card holders, or individuals authorized to work in the United States (not including the investor and his or her family); and the investor must be involved in the day to day management of the buisiness or directly manage it through a formulating business policy (for example, serving as a board member, etc.).
EB-5 Investor Program – What You Need To Know
The Regional Center Pilot Program was created to allow private entities and government entities within the United States to establish Regional Centers that provide projects for a foreigner to invest in, which are intended to create at least 10 United States worker jobs for the investment amount, in order to allow the foreigner to qualify for permanent residence in the United States. A Regional Center is defined as any economic unit, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment. The aforementioned economic unit must receive regional center designation from the USCIS to operate as such.
It is highly recommended that if you wish to pursue permanent residence in the United States through the EB-5 immigrant investor program, that you hire an experienced immigration attorney, such as the attorneys at Hilf & Hilf, PLC, to represent you. The EB-5 process is extensive, complicated, and better left to an immigration law expert.