The EB-5 immigrant investor visa category is for immigrants seeking to enter the U.S. to engage in a commercial enterprise that will benefit the U.S. economy and create at least 10 full-time jobs. There are 10,000 visas available in the category each year, 3,000 of which are reserved for people who participate in a Pilot Program option designed for targeted investments in approved regional areas.
There are four basic requirements for the EB-5 visa. They include:
There are three types of qualifying business enterprises for EB-5 purposes. They include:
Any for-profit business entity that conducts lawful business may serve as a qualifying business enterprise. The business can be a sole proprietorship, partnership, holding company, joint venture, corporation, etc. A holding company with its subsidiaries would also qualify if each subsidiary is engaged in the active conduct of business. Passive investments do not qualify.
An investor can show the capitalization of the enterprise by making an investment in the form of cash, supplies, equipment, inventory, tangible property, cash equivalents and indebtedness secured by assets owned by the investor provided that the investor is personally and primarily liable for the debts and assets and the assets of the new commercial enterprise are not used to secure any of the indebtedness.
Multiple investors may establish a new commercial enterprise; however, each investor applying for the classification must meet the requirements for the EB-5 classification separately. For example, each investor must create 10 jobs for U.S. workers.
The basic investment amount required to be an EB-5 investor is $1 million.
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Effective March 25, 2020, in response to “Stay at Home” orders Joseph & Hall PC is closed to the public and is now conducting nearly all of its operations remotely during the COVID-19 health crisis through April 18th.
We continue to have a limited number of staff in our office to perform basic operations such as assembling and filing petitions, receiving and distributing mail and issuing checks. We are grateful to be in a business that is conducive to remote work and for all of your patience and support. Our lawyers and paralegals are here to answer the array of questions that continue to arise daily and will keep you informed during these rapidly changing times. We will hold telephonic or video meetings rather than in-person meetings. These meetings can be done by SKYPE or Zoom Conference call so that you can continue to interact with your legal team, face-to-face.
We remain committed to delivering outstanding client services. We do have one important request – please do not come into the office in person for your health and safety and that of our employees. Please mail or email all documents to our office. Also, you can make any required payments online at https://vpspay.com/p/3 or make them over the phone by calling 303-297-9171 or by mail. Please stay healthy!