What happens if my 3 friends invest a total of 500k in a project in a TEA? This investment complies with all EB-5 rules and generates 10 full-time jobs. Would all 3 partners receive green cards? Or would each of them need to invest 500k (1.5 million altogether) for that to happen?
Answers
Salvatore Picataggio
Find an EB-5 Visa Lawyer: Immigration AttorneyEach investor has to comply with EB-5 rules individually. $500,000 and 10 jobs for each of you.
Julia Roussinova
Find an EB-5 Visa Lawyer: Immigration AttorneyThis will not work. Each of you will need to invest $500,000 and create at least 10 full-time jobs in a direct investment case, assuming the business is in a targeted employment area or rural area. In a regional center investment case, each must invest $500,000 and may take advantage of indirect and induced job creation, thus not requiring each investor to create at least 10 full-time jobs.
Ying Lu
Find an EB-5 Visa Lawyer: Immigration AttorneyIf all three partners need a green card, each partner needs to invest at least $500k in a project located in a TEA and create 10+ jobs. Hence, the total investment must be at least $1.5million under the current law, and 30 jobs must be created.
Bernard P Wolfsdorf
Find an EB-5 Visa Lawyer: Immigration AttorneyIf you have three friends investing in a TEA, you must each invest $500,000 and create 10 full-time jobs. If you use a regional center, you might be able to count the jobs created indirectly.
Charles Foster
Find an EB-5 Visa Lawyer: Immigration AttorneyIn order to obtain their Lawful Permanent Residency, each partner would have to show that they made a minimum investment of $500,000 and a source of funds (i.e. that they had acquired such funds lawfully). So, yes, three partners would have to invest a minimum of $1.5million altogether.
Jinhee Wilde
Find an EB-5 Visa Lawyer: Immigration AttorneyThe minimum EB-5 investment amount in TEA per investor is $500,000. In your scenario, only one of you could reap the benefits even if the others invested their money.
A Olusanjo Omoniyi
Find an EB-5 Visa Lawyer: Immigration AttorneyFor each partner to receive a green card through the EB-5 program, each needs to invest $500k.
Lynne Feldman
Find an EB-5 Visa Lawyer: Immigration AttorneyEach partner needs to invest $500k$1.5million totaland each investment needs to create 10 new jobs30 jobs total.
Robert V Cornish Jr
Securities AttorneysEach partner has to invest $500k. Be aware that the program is up for renewal in late April. Changes may occur in the program, including the investment amount. If you want to be sure you can take advantage of the $500k investment amount, now is the time to seek out an immigration attorney to assist you.
BoBi Ahn
Find an EB-5 Visa Lawyer: Immigration AttorneyEach EB-5 investor must invest the minimum requisite capital ($500k). So, if there are 3 investors and all want to opt for EB-5 processing, each must invest $500k ($1.5million total) AND each investment must create 10 full-time jobs (30 jobs total).
Vaughan de Kirby
Find an EB-5 Visa Lawyer: Immigration AttorneyEach individual seeking a green card through the EB-5 program must invest $500k (TEA), and each investment in the new commercial enterprise must generate 10 full-time jobs for United States citizens or permanent residents. In your example, your investors would need to each invest the $500k and the enterprise must generate 30 jobs total. I recommend you immediately consult with a qualified Investment Immigration Attorney to guide you through this process.
Matthew T Galati
Find an EB-5 Visa Lawyer: Immigration AttorneyThey would not. Each EB-5 investor must invest at least the minimum amount ($500k or $1m) and each must create 10 full-time jobs for qualifying employees.
DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.