Proposed changes offered to enhance EB-5 processing
The U.S. Citizenship and Immigration Services has recently proposed many changes to enhance the Immigrant Investor Program, or EB-5 program. The EB-5 immigration program allows 10, 000 visas to investors that invest money into a commercial enterprise that creates at least 10 jobs. A foreign investor can either do this process independently or through a [...]
Federal authorities approve foreign investors for rural areas
Federal authorities have approved the use of foreign investors for projects in rural areas. The EB-5 immigration program is used to jump start economic development in areas in exchange for U.S. residency. In August 2010, the Plattsburgh-North Country Chamber of Commerce applied for this program and it was announced this week that it has been [...]
Asian buyers attracted to bargains in Florida
Bargains In Florida are causing Asian buyers to flock to the area. At a recent trade show, 20 units in Florida were sold to buyers in Singapore. The property is not he only thing that the Asian buyers are interested in, they are also searching for citizenship in the country. Many are considering the EB-5 [...]
Buying a Green Card? Look before you Jump.
I find it puzzling and strange that so many foreign investors, when selecting a Regional Center, are prepared to invest $500,000 in the proverbial “pig in a poke.” These investors are usually smart, but when it comes to the EB-5 program, they attempt to analyze an overwhelming amount of legal and financial information on their [...]
Marriot Hotel in L.A. funded by EB-5 program
A 22-story Marriot Hotel will be built in Los Angeles using funds secured from the EB-5 visa program. The EB-5 immigration program allows foreign investors to obtain a U.S. residency if they donate at least $500,000 into American business. The project will take $120 million to construct and will be a Courtyard Marriot and Residence [...]
Connecticut group considers bringing EB-5 immigration to area
A group in Connecticut is hoping to get international business in the area by using the EB-5 immigration program to gain foreign investors from China. They are currently looking into the feasibility of using this program. EB-5 immigration(Employment-Based, Category 5) began in 1990 and allows foreign investors to gain a green card if they invest [...]
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