There are certain requirements for obtaining an EB-5 Visa as an avenue for immigration, one being that the investment must show that it is a driving force for job creation. The investor’s new commercial enterprise must be able to prove it has created at least 10 full-time positions for qualifying employees. Of course, under the…
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The Regional Center Pilot Program portion of EB-5 investor visa program is currently set to expire by the end of the fiscal year in September. The lucrative program where foreign nationals can achieve green card status in the United States after investing significant funds into economically struggling US areas has raised some concern within Congress.…
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The investor holds the money, which means that, although it often does not feel like it, each investor has the power in his or her transactions with regional centers and developers, at least at the onset. Today, there are far more EB-5 projects than could be financed given the limitation on visas available in the…
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Independent Due Diligence in the EB-5 Industry For Regional Centers & Immigrant Investors Many in the EB-5 industry and those who follow investment news closely have heard about the SEC’s investigation and civil complaint against Jay Peak, a Vermont ski resort. Jay Peak relied heavily on EB-5 immigrant investors to finance its development. The allegations are simply…
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Today, the Wall Street Journal published a cover story seemingly designed (especially if one only read the front page and early analysis on page A12) to leave a bad taste in readers’ mouths concerning the EB-5 Visa program. http://www.wsj.com/articles/how-immigrants-cash-funds-luxury-towers-in-the-u-s-1441848965#livefyre-comment The author seemed to mistakenly draw the conclusion that a program designed to help the poor and…
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