EB-5 Capital

Mr. Knowles is an EB-5 immigration attorney who works with Tollefsen Law from time to time on EB-5 projects. He can be reached at (360) 933-1612. Contact Tollefsen Law regarding potential EB-5 project What is EB-5 Capital? The Immigration Act of 1990, as amended, permits foreign nationals to earn a green card (permanent resident visa) for themselves and their immediate family by investing a minimum of $500,000 in a qualifying business enterprise that will create 10 new U.S. jobs or save 10 existing jobs. Regulations permit the State Department to issue 10,000 EB-5 visas each year in this category. Investors approved by USCIS (US Citizenship and Immigration Services) receive a conditional green card, that requires them to make a subsequent filing within 21 – 24 months of landing in the U.S. The filing must prove that the Investor sustained the investment, and that the investment created the 10 jobs required. Regional Center is an investment promotion entity (public, private or non-profit) approved by USCIS to offer qualifying investment opportunities in a defined geographic area, in specific industrial/commercial categories, that comply with the EB-5 program. There are now over 125 approved regional centers in the U.S. In FY 2009-10, 1274 EB-5 petitions were approved by USCIS generating $700 million in project investment. It is projected that as much as $1 billion in investment dollars will flow into the U.S. through this program in FY 2010-11. Jobs may be created directly (actual employees employed by the recipient of the invested capital) OR indirectly (the direct, indirect and induced employment impact as measured by an econometric study) if invested through a regional...