We plan to invest through EB-5 using the direct route. How can we invest in agriculture land farming? Is that eligible for EB-5?
Answers
Salvatore Picataggio
Immigration attorneysIf it is a for-profit enterprise, should work out, subject to a more thorough review of course. Its actual location will be used to determine if it is eligible for the reduced investment ($900,000 instead of $1.8 million).
Dale Schwartz
Immigration attorneysSure, that is OK, if in a rural area far away from any metropolitan city. Will the venture support 10 more full-time workers?
Bernard P Wolfsdorf
Immigration attorneysIf it is rural, you can even benefit by investing the lower amount that is currently $900,000, but remember if you invest directly, you have to hire 10 full-time US workers; this is going to be an expensive operation.
Karen-Lee Pollak
Immigration attorneysAny area is eligible for direct investment. However, if the investment is not located in a rural or high unemployment area, the amount of the investment is $1.8 million. For a direct investment to qualify for the $900,000 investment, it must be in a rural or high unemployment area. This is determined by zip code. Land Farming does qualify for the EB-5 investment.
Stephen Berman
Immigration attorneysYou can invest in any business you wish. You need to create 10 new jobs.
Fredrick W Voigtmann
Immigration attorneysAny type of legal, active, for-profit business activity that requires an at-risk investment and will create at least 10 fulltime positions is eligible for EB-5 consideration. Passive real estate investment does not qualify for EB-5.
Lynne Feldman
Immigration attorneysAny business is eligible. The location of the business will determine whether the investment must be more than $900,000 or more than $1.8 million.
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