EB5 Visas May Be Available Through Real Estate Investments In Florida
Foreign nationals often use the green card process, which allows them to become Lawful Permanent Residents. Those who hold a green card are able to live and work in the United States, and to apply for US citizenship after five years. This period will reduce to 3 years for those who are married to a citizen. There are several different ways in which one may apply for a green card: those who are able to invest a substantial sum of money in the US may often find the EB5 visas program to be their best choice.
EB5 visas are available for immigrant investors. Individuals must invest $1,000,000, but this reduces to $500,000 for investments in a qualified regional center (one with high unemployment levels). The investment must create at least 10 jobs.
The applicant for an EB5 visa should be an active participant in his investment. This does not necessarily require working full-time as a manager at the investment: the requirements for active involvement can be met through policy-making in a properly structured corporation.
There are now investment opportunities in the US, which are so structured that foreign investors – provided they meet the financial requirements – are eligible for a green card for themselves and their family.
Applicants do not need any previous business experience, nor need they have attained any particular level of education. Applicants should be in general good health, but do not need to know how to speak English.
One investment opportunity linked to the EB5 visas program can be found in South Florida. The Hollywood Circle development in Broward County is a mixed use real estate project, including about 400 residential units, and a 100 room boutique hotel. Those interested in participating in this Immigration-for-investment program can check their eligibility online at the Gold Cost Florida Regional Center website.
For those people who want to remain in the United States legally, EB5 Visas are a legal route. A conditional green card can be obtained with the rights to work, invest and own property.
Filed under: Investments
