Questions & Answers

Can a sports team get EB-5 investors?

I am working on a new professional football league that is a C corporation. Based on that, am I eligible for EB-5 investment? How can I obtain investors in this type of business endeavor?

Answers

• Lynne Feldman

  Immigration Attorney

  Answered on April 9, 2019

  No reason they can not provide they can meet the 10 new jobs provision.

• Julia Roussinova

  Immigration Attorney

  Answered on April 8, 2019

  Assuming your commercial for-profit enterprise can create at lease 10 full-time positions per EB-5 investor as supported by a comprehensive EB-5-compliant business plan, then yes. A full-time position must be permanent and at least 35 hours/week. Please consult an experienced EB-5 immigration attorney to discuss further.

• Marko Issever

  EB-5 Broker Dealer

  Answered on April 8, 2019

  There is no restriction on the business venture that the investors could invest in as long as their investment in the business creates the requisite 10 full-time positions per investor. If the project you are thinking about will need capital from more than one investor, then most likely the regional center structure would be the appropriate one.

• Barbara Suri

  Immigration Attorney

  Answered on April 8, 2019

  If the sports team conforms to the requirements of the EB-5 investment.

• Bernard P Wolfsdorf

  Immigration Attorney

  Answered on April 8, 2019

  If it can create 10 jobs directly or indirectly, then it may qualify for an EB-5.

• BoBi Ahn

  Immigration Attorney

  Answered on April 8, 2019

  Yes. As a commercial entity established in the U.S., as long as it meets the requisite job-hiring criteria, etc., it is possible.

• Russell C Weigel, III

  Securities Attorney

  Answered on April 5, 2019

  It's a corporation. Therefore, if you can meet the job quota requirements for the EB-5 program, you could finance the corporation with EB-5 investor-sourced funding.

• Dale Schwartz

  Immigration Attorney

  Answered on April 5, 2019

  Sure you can, with proper planning. We have done many hundreds of EB-5 cases.

• Salvatore Picataggio

  Immigration Attorney

  Answered on April 5, 2019

  With the right team of professionals to set up the EB-5 project structure, any for-profit business can become an EB-5 project. I'd like to think of the immigration attorney as the quarterback. One of the team members could be a broker-dealer or marketing agent to help find investors.

• Charles Foster

  Immigration Attorney

  Answered on April 5, 2019

  Yes, a foreign national may qualify through the EB-5 program based upon a qualifying investment in any legitimate business, including a new professional league, provided that the rules and regulations of the league permit foreign investment. Most importantly, the investment should meet the qualifications in terms of the minimum amount of investment and job creation. If you are seeking to obtain multiple investors, it might be necessary to do so through a regional center in order to have a larger job count.