Monetizing the Green Card

November 28, 2010 § Leave a comment

Many companies face difficulty in obtaining financing today. When traditional sources of financing are unavailable, Companies can turn to an unexpected resource to acquire capital — immigration law. Specifically, the EB-5 immigrant investor visa program can provide U.S. companies with an innovative source of financing. The EB-5 program enables foreigners to receive a visa for “permanent resident” status by making certain qualified investments. To be a qualified investment, two basic requirements need to be met. First, the investment must be for a certain amount. If the investment is made in a “targeted employment area,” the investment can be for $500,000; otherwise, the investment must be for $1 million. A targeted employment area is an area that either has experienced unemployment at a rate that is at least 150% of the U.S. national average rate or is a rural area as designated by the Office of Management and Budget. Second, the investment must create at least 10 full-time jobs. In determining if those jobs have been created from the investment, if the investment is made in a “regional center,” it is possible to count both direct jobs (when employees are directly employed by the investment entity) and indirect jobs (when employees are employed by other companies that do business with the investment entity). A “regional center” is a geographic area specifically designated by Immigration as an area that should be encouraged to receive investments under the EB-5 program. There are currently 125 “regional centers” that have been designated by the USCIS. Investments under the EB-5 program are typically made in escrow while the foreign investor’s green card application is pending before the USCIS. (Deal Mag)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Monetizing the Green Card at Harlan York and Associates Immigration Lawyer Team 973.642.1111.

meta

%d bloggers like this: