EB 5 Visa for Immigrant Investors
Back in the mid-1970’s, Patels from Africa and Asia began to emigrate to the United States where any immigrant willing to invest $40,000 in a business could apply for permanent residence, the first step to citizenship. There were limited opportunities for such investments.
At the time, distressed roadside motels could be acquired outright for $40,000 because of the oil embargo and the resultant nationwide shortage of gasoline.
Since 1990, the EB-5 Visa for Immigrant Investors has been available for foreign nationals to obtain a green card when they invest $1 million (or at least $500,000 in targeted employment areas) which create or preserve at least 10 jobs for U.S. workers.
As the JMBM Global Hospitality Group wrote in their Hotel Law blog (10/31/11): “Chinese investment in hotels, restaurants and other commercial real estate is becoming an important potential capital source for development, acquisition and renovation.”<
EB-5 investors can come from anywhere in the world outside the United States and can include legal immigrants in the U.S. under a temporary visa. However, more than 70% of all EB-5 investors come from mainland China.
This program can be enormously beneficial to investors since there is no limit on the size of the EB-5 investment as long as deal-aggregation and documentation are submitted and as long as at least 10 jobs are created for every EB-5 individual investor.
If you are interested in this financing possibility, I suggest that you contact the Chinese Investment Group in JMBM’s Global Hospitality Group (Jim Butler at email@example.com or 1-301-201-3526).