EB-5 Investment Program Facts: Regional Centers
Regional centers like American Life, Incorporated are an important component of the EB-5 visa program. Today we’ll explain about regional centers and their importance to the program.
Regional centers were created in 1992 as part of the Immigrant Investor Pilot Program. All regional centers are designated by the US Citizenship and Immigration Services (USCIS) department of the US government after careful scrutiny to ensure that these entities promote domestic capital investment, economic growth, and job creation.
The primary purpose of the EB-5 Visa program is to create jobs that stimulate the US economy through foreign investment. The benefits of the program, including residency status, are incentives for foreign investors to inject capital into the US. As such, the job creation requirement is a crucial component of the program.
Generally, the EB-5 investor must create ten direct, full-time jobs from their investment in the US to qualify for the visa. A direct job is a position created directly at the new or expanded business in which the investor provided funds. The difficulty for investors who would like to participate in the program is finding a project that meets these requirements on their own.
This is why regional centers are so important. The regulations allow regional centers to use calculations of both direct and indirect job creation when meeting the job creation requirements for their investors. Indirect jobs are those added to the economy because of the development created by the investment. And example of this would be added jobs for a vendor that will provide services or goods to the business created by the investment.
Rather than search for direct job creation opportunities on their own, investors can rely on the expertise of regional centers to optimize their investments. In addition, because they are experts on the EB-5 visa program, regional centers can assist investors with the necessary filings and answer questions about the program.
If you are an investor interested in the EB-5 program, contact American Life, Incorporated today. We are the longest running EB-5 regional center in the country. Our team of experts is committed to creating positive investment outcomes for our clients, and we oversee the entire real estate process, including site acquisition, construction, and operations management. Contact us at 206-381-1690 in the US at our office at 270 S. Hanford Street, Suite 100, in Seattle, Washington or at any of our international offices in Shanghai, Tokyo, or London.