Recently I have met a few people who have established US citizenship going through EB5. The general requirement is a foreigner have to invest in a US company that provides that least 10 full time jobs. The investment requirement is 500k in underemployment/ rural areas and 1 m for general area. So has anyone gone through that process, familiar with it. Or just what do you guys think ?
Hi @Amber Chen . Did you ever get an answer to your question? I've got friends who had explored EB5 a decade ago, but if you have more recent intel, I'd love to hear it!
Hi Amber. I have a Brazilian client who got his EB5 through one of those government approved centers. It worked flawlessly for them and they now live happily in the US.
Typically the best route to get the EB-5 is through a pre-approved project with one of the many EB-5 centers. There are a variety of investments to choose from, in different cities.
I think it takes about a year after your investment until your provisional green card is approved and you can move to and work in the US (anywhere you want, not just where your eb5 project is located) with your spouse and kids (immediate family only). I don’t have much more info than that, but all EB5 centers with pre approved projects will be happy to provide info.
I am doing lot of research on a similar topic. I am really surprised how this whole thing work. people are taking some risk as the typical investor but getting lot fewer returns. I am not able to figure out why.
I am planning to start one small project that might take EB5 money and give a decent return.
I am doing my own eb5 project not through reginal center please let me know what questions you have
@Rahul Bhatt Thank you for the response. I have sent you a DM.
I'm trying to understand what it takes to start a real estate project for EB5 purposes,
- Im aware of the immigration steps involved but what are the steps involved in setting up the business once the financial part is in place? for eg, 500k for TEA regions
- how does the business structure work for real estate investing to qualify for EB5?
- Do you know eb5 direct pool projects going on?
I am not an attorney but Eb5 require 10 full time job creation it doesn't need to have any specific type of business restrictions. I am trying to do a pull with few other investor here in California. But I don't think anyone did this earlier than me. I might be wrong. Happy to share whatever I know
Originally posted by @Ram V. :
Do you guys have any information on EB5 Direct investment (Not EB5 Regional Centers) in real estate? How to structure real estate investing as a business and create 10 full time American jobs over 2 years to satisfy the EB5 visa rules?
Unfortunately I've never done this, so I don't have much to add. I would think there is no way around of structuring this with an experienced lawyer. This is not something you can do on your owner (without previous experience). So most likely an attorney would know the rules and requirements, and would be able to help you setup the legal aspect of the entity and project, while you have to come up with the actual project and cash for it.
If I were you, I would start there...interviewing a few attorneys that have experience doing this, and then pick the most suitable one to get it done.
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing