EB-5 Investment Targeted Employment Areas vs. Non-Targeted Employment Areas
Pursuant to the Immigration and Nationality Act (“INA”), immigrant investors who contribute to the economic growth of the U.S. by investing in U.S. businesses and by creating U.S. jobs qualify for a U.S. permanent visa. Under the act 10,000 visas are allocated to the EB-5 immigrant investor program every fiscal year. Under the requirements for the EB-5 program the capital investment is set at $1,800,000 for direct investment or investments in non-targeted employment areas and $900,000 to rural areas and or targeted areas of employment.
National Expedited Projects and EB-5 investors
There has been a growing interest for national expedited projects. Provided that a regional center can meet the strict criteria set by USCIS, they can get their project approved for expedited status. This means that investors who have invested in a project with national expedited status can get their I-526 petition approved faster. While USCIS will process and expedite applications faster, it does not provide the applicant with automatic approval. USCIS will evaluate each case on its own merit and provide the appropriate feedback.
EB-5 Investment Post Coronavirus
After what has been the most challenging year for the entire world collectively the roll out of the Coronavirus (“Covid-19”) vaccine is a tremendous win. It's evidence that things can start going back to or what is to be considered our new normal. While this is victorious for everyone, what does this mean for the EB-5 program specifically?
Benefits of Filing EB-5 Petition with an EB-5 specialist
The requirement for the investment amount is the cornerstone of the candidates EB-5 petition. It is pivotal that investors participate in a program that not only meets all the requirements set out by The United States Citizenship and Immigration Services (“USCIS”) but also that the project is valid and has great chances of succeeding.