EB-5 Visa while on TN

jack2009
Junior Member



Joined: 02 Jun 2008
Posts: 10
Location: seattle

Posted: Wed Jun 11, 2008 6:45 pm

 

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Hello All,

I know EB-5 Visa requires investment worth $1 Million. "Investment" does it mean, i have put 1 million out of own pocket or business worth 1 million.
for eg. ABC business will cost 1.5 Million and I put 1 $500,000 down payment and $1 Million from mortgage (from Bank Of America or USA BANK or any other).
Would this satisfy the requirements?

Also, I'm on TN status, what's the best way of going from TN to EB-5 and
If there is any risk involved in this process.

thanks.

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Steven
CanuckAbroad VIP



Joined: 28 Sep 2007
Posts: 1637
Location: Calgary

Posted: Wed Jun 11, 2008 7:45 pm

 

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Apply outside the country is I think the usual answer to that one.

But you don't actually need a million for EB-5, you can invest in an economically depressed area for only half a million.

Have you heard of the "immigrant investor regional center pilot program"? With this you basically give $500,000 to an "investor center" which is based in an economically depressed area, they keep your half million for six years and pay you 4% interest (not sure if that's pa or in total). You get LPR status as soon as the money goes through and the petition is approved (as you probably know there is a quota of 5,000 but it doesn't seem to be that long of a wait). The centres are usually local government entities and have to meet pretty strict USCIS criteria so they're safe investments.

I think the programme closes down in September or November so if you want to do it that way, move quick. I suppose it depends on whether you can live without your capital for six years.

My sister's neighbour got into the US that way. Gave $500,000 to some grower's collective in California. Saves all the hassle with hiring ten US citizens or LPRs.

http://vkvisalaw.wordpress.com/2007/10/24/list-...or-pilot-program/
_________________
Steve.

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diosia
New Member



Joined: 22 Jun 2008
Posts: 2

Posted: Sun Jun 22, 2008 5:00 pm

 

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Hi -
the EB-5 regional center pilot program has just passed the house and it looks very much like it will also pass the senate. After all, who would cut off his nose .well, you know.

I have a blog - check it out. The Regional Centers have Projects which you can pick from. Remember that all the fees (from the regional center and others like atty fees )are ontop of the 500k. Nevertheless, beats having to get married- if you don't want to that is.
email me with questions.
Susanna
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I buy houses 1-888-DEAL-004

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Steven
CanuckAbroad VIP



Joined: 28 Sep 2007
Posts: 1637
Location: Calgary

Posted: Sun Jun 22, 2008 8:55 pm

 

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I thought there were six States that had no State income tax, WA, SD, NH, TX, FL and NV.
_________________
Steve.

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diosia
New Member



Joined: 22 Jun 2008
Posts: 2

Posted: Mon Jun 23, 2008 4:00 am

 

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Steven , sounds right.
We've lived in 2 of the 6. (we are military)
Sincerely, Susanna
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www.greencardinvesting.wordpress.com
I buy houses 1-888-DEAL-004

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Steven
CanuckAbroad VIP



Joined: 28 Sep 2007
Posts: 1637
Location: Calgary

Posted: Mon Jun 23, 2008 8:19 pm

 

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Do you know the Bill number in the Senate? I see they've dropped the number of visas available to 3,000 a year.
_________________
Steve.

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