Foreign nationalsseeking permanent U.S. residence are increasingly becoming acquainted with the EB-5 Immigrant Investor Program. By investing into an approved U.S. business known as a Regional Center, qualified foreign investors, their spouse and any oftheir unmarried children under the age of 21 are eligible for a green card. The investment is $1 million into an approved EB-5 project, however there are two ways of having the rate reduced by half.
If the chosen EB-5 project is located within a "Targeted Employment Area" (TEA) the investment is reduced to $500,000. A TEA is a geographic area or political subdivision set within a metropolitan statistical area OR inside a city or town with a population of more than 20,000 and an unemployment level at least 150 percent of the national unemployment rate. Governors identify and designate TEAs within a state (except the District of Columbia, where the mayor makes the designation).
If the EB-5 project is located within a "Rural Area" (RA) the investment is also reduced to $500,000. An RA is defined as any area other than an area within a Metropolitan Statistical Area or the outer boundary of any town having a population of 20,000 or more.
Note that an EB-5 project may be located in either a TEA , an RA or both. If so, the investment is reduced to $500,000 as opposed to $1 million.
More information on the EB-5 program is available at http://www.eb5exclusive.com where all of the latest news, informationand resources pertaining to EB-5 can always be found.
