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 jbutler@jmbm.com or 1-301-201-3526).

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