3,000 of the 10,000 EB-5 visas are reserved for people who participate in a Pilot Program option designed for targeted investments in approved regional areas.
The required investment is $500,000 for a business established in a “targeted employment area.” Targeted employment areas include:
For a Pilot Program investment, the threshold is a $500,000 capital contribution to a designated regional center which allocates portions of the capital in the form of business loans to small business within the targeted area.
For the purposes of the Pilot Program, any economic unit, public or private, involved with the promotion of economic growth of a particular region may qualify as a Regional Center.
The investment must create at least 10 full-time jobs for U.S. citizens, lawful permanent residents or other immigrants lawfully authorized to be employed in the U.S. Full-time employees are defined to include workers working at least thirty-five hours per week. This does not include nonimmigrants. In calculating the required number of employment positions, the investor may not include spouses or children, but may include other family members who are employed by the business.
The 10 full-time employees do not have to be in jobs directly related to the company, and it is possible to show that the 10 full-time jobs are created indirectly through job creation as a result of improving the economy in the regional center.
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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!