Congress created a pilot program for immigrant investors to relax the EB-5 job creation requirement. The program is limited to 3,000 visas per year, including spouse and unmarried minor children. The Pilot Program requires that the alien investor invests in new commercial enterprises located within regional centers to establish “reasonable methodologies” for determining the number of jobs created. To qualify the program, the investment enterprise must be engaging in approved regional center activities in targeted employment areas. A "Regional Center" is an economic unit, public or private, entity, organization or agency that has been approved as such by USCIS, benefits a specific geographic region of the United States, and seeks to promote economic growth, including increased export sales, improved regional productivity, job creation, and increased domestic capital investment. Still required to meet the EB-5 requirements, the alien investor has to demonstrate that a "qualified investment" has been made in a new commercial enterprise located within an approved Regional Center, and ,using reasonable methodologies, that 10 or more jobs are actually created either directly or indirectly by the new commercial enterprise through revenues generated from increased exports, improved regional productivity, job creation, or increased domestic capital investment resulting from the pilot program. |
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