How EB-5 regional centers receive approval
According to the U.S. Citizenship and Immigration Services (USCIS), an EB-5 regional center is defined as "any economic unit, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment."
Regional center organizers who are seeking to have the facility approved by the USCIS are required to submit a proposal that demonstrates how it will focus on a specific geographical location in the U.S. and how it will help achieve the necessary economic growth in that area.
In addition, the proposal must indicate how the business plan of the regional center is viable and how it takes into account the specific market conditions, costs and timelines, according to the USCIS website.
The proposal must also show how the required amount of jobs will be created either directly or indirectly as a result of investments made through the regional center.
Through the EB-5 visa program, foreigners can obtain U.S. green card eligibility by making an investment of $1 million (or $500,000 in some targeted employment areas) in an American project or company that either creates or maintains at least 10 full-time jobs.
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