The EB-5 Regional Center Program
The U.S. EB-5 immigration visa program allows foreign investors, who create permanent jobs in designated projects certified by the US Citizenship and Immigration Services (USCIS), to be granted a green card along with family members under the age of 21. Out of the many incentive based visa programs in the United States, EB-5 is one of the fastest ways to obtain permanent U.S. residency. An EB-5 investor is free to live, work, and travel in the United States immediately after their initial application is approved. Once investment requirements and job creation criteria are met, investors and their families are automatically qualified for a permanent Green Card with no additional U.S. employment requirements.
For more information, visit the USCIS website.
Advantages of 120 Water Street Hotel EB-5
On August 13, 2015, the United States Citizenship and Immigration Services (the “USCIS”) designated EB5 Affiliate Network New York/Tri-State Regional Center, LLC (the “Regional Center”) as a regional center under the EB-5 Program (the “USCIS Approval”). The USCIS Approval allows the Regional Center to sponsor and administer qualified capital investment projects under the EB-5 Program, including the 120 Water Street Hotel EB-5 Project.
The 120 Water Street Hotel EB-5 project operates within a state-certified Targeted Employment Area rural area, creating certainty that the project’s minimum investment will always be $500,000 for each investor, while keeping the job-creation requirement of their investment to only 10 direct, indirect, and induced jobs. Furthermore, the project’s completed “RIMS II” model shows the creation of many more jobs than required for possible EB-5 investors, giving the added safety of a significant job buffer. In addition to the $500,000 investment, each investor will pay up to $60,000 in expenses permitted by law.