Immigrants (and their spouses and unmarried children under 21) who make an investment in a commercial enterprise in the United States and who plan to create or preserve ten permanent full time jobs for qualified United States workers, are eligible to apply for a green card (permanent residence).
Up to 10,000 visas may be authorized each fiscal year for eligible entrepreneurs.
You must invest $1,000,000, or at least $500,000 in a targeted employment area (high unemployment or rural area). In return, Department of Homeland Security may grant conditional permanent residence to the individual.
EB-5 was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors to fast track them attaining a green card. All EB-5 investors must invest in a new commercial business and create a minimum of 10 new full time US jobs within two years.
Businesses that qualify are any for-profit business including, but not limited to:
Corporations
Partnerships
Holding Company's
Joint Ventures
Sole Proprietorship's
The minimum investment for foreigners in qualified investments in the United States is $1 million to receive their green card. The minimum investment foreigners are required to invest in a rural high-unemployment area in the United States is $500K.
This is a great way to access capital with capital costs as low 1-3%.
Investments in your project could range between $500k-$10M.
We would recommend structuring a General Partnership with multiple limited partners to meet your funding requirements. We suggest consulting our immigration attorney that has expertise in this area.
Cleantech Grants and partners created a EB-5 Direct Partnership that reduces the time and the costs by half associated with the traditional EB-5 program. This is a great alternative financing solution with no recourse.
Source:Homeland Security
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