Great news for foreign investors. The City of Miami has received approval for designation as an EB-5 Regional Center for Foreign Investment under the U.S. Citizen and Immigration Services immigrant investment visa program. This newly designated center is one of the few government owned and managed regional centers in the United States. It will translate into the creation of thousand of new jobs and economic growth for the City and the South Florida region.
The EB-5 Visa, commonly referred to as the “Million Dollar Green Card” offers two types of programs for investors who, after meeting certain criteria, are guaranteed a green card and residency in the United States for themselves, his or her spouse, and their children under 21.
The traditional program involves investing $1,000,000 into a business, actively managing it and creating ten direct jobs. This program therein allows investors to pool foreign investor funds into a partnership and invest its capital into approved projects. Since the investments are almost always within a high unemployment or rural area. the investment amount if $500,000 and indirect job creation is permitted.
The EB-5 program continues to gain momentum and popularity among investors.
Call us today to discuss how this program can work for you.