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Understanding the EB-5 Program  
 

The Immigrant Investor Program, also known as “EB-5”, was created by Congress to stimulate the U.S. economy through job creation and enterprise. The EB-5 program is a source of funding for projects from immigrant investors motivated in part by access to permanent residency in the United States. The program is administered by the United States Citizenship and Immigration Service (“USCIS”). As part of the program, Congress permitted the U.S. immigration agency, (USCIS), to designate certain qualified applicants and areas as Regional Centers. A Regional Center is a private enterprise or a regional governmental agency with a targeted investment program within a defined geographic region. A USCIS approved Regional Center allows qualified foreign investors to invest in Unites States businesses and apply for a resident visa for the investor and their immediate family up to age 21.

  The USCIS EB-5 program allows qualified immigrants to invest the requisite capital, obtained from a lawful source, into a qualifying new commercial enterprise that will create 10 or more new full time jobs, per each investor, in exchange for a temporary “green card” (permanent resident visa).

Jobs must be created within a two year period and other requirements must be satisfied in order to clear the way for permanent citizenship.

There are two distinct EB-5 pathways for an immigrant investor to gain lawful permanent residence for themselves and their immediate family- The immigrant investor must make a capital investment of $1,000,000 in a project, or the amount of investment to qualify can be reduced to $500,000 if the project can be shown to be in a Targeted Employment Area. Most projects that are currently being funded through the EB-5 program meet the “TEA” designation. In either case, the new commercial enterprise must create or preserve 10 full-time jobs for qualifying U.S. workers within two years.

When making an investment in a new commercial enterprise affiliated with a USCIS-designated Regional Center, an immigrant investor may satisfy the job creation requirements of the program through the creation of either direct or indirect (induced) jobs. Direct Jobs are actual identifiable jobs for qualified employees located within the commercial enterprise into which the EB-5 investor has directly invested his or her capital. Indirect or Induced Jobs are those jobs shown to have been created collaterally or as a result of capital invested in a commercial enterprise affiliated with a regional center by an EB-5 investor.   Asian Businessman

So far the EB-5 program has attracted more than $3 Billion in investments and has created in excess of 65,000 US jobs. Southern States Regional Center, a federally designated Regional Center, seeks to provide immigrant investors with a stable investment that will create the jobs necessary to ensure their application for permanent residency is approved. Southern States also works with Development Authorities and private developers to supply them with low-cost, friendly capital to successfully grow their businesses and create jobs for Georgia workers.

 
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