USCIS administers the EB-5 Program. Under this program, entrepreneurs (and their spouses and unmarried children under 21) are eligible to apply for a green card (permanent residence) if they make the necessary investment in a commercial enterprise in the United States; and Plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.
Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. In 1992, Congress created the Immigrant Investor Program, also known as the Regional Center Program. This sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centers approved by USCIS based on proposals for promoting economic growth.
A regional center has jurisdiction over a limited geographic area, serves the purpose of concentrating pooled investment in defined economic zones and is defined by regulations as “any economic unit, public or private, which is involved with the promotion of economic growth, including increased export sales, improved regional productivity, job creation, and increased domestic
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Job Creation Requirements
Create or preserve at least 10 full-time jobs for qualifying U.S. workers within two years (or under certain circumstances, within a reasonable time after the two-year period) of the immigrant investor’s admission to the United States as a Conditional Permanent Resident.
Create or preserve either direct or indirect jobs:
Direct jobs are actual identifiable jobs for qualified employees located within the commercial enterprise into which the EB-5 investor has directly invested his or her capital.
Indirect jobs are those jobs shown to have been created collaterally or as a result of capital invested in a commercial enterprise affiliated with a regional center by an EB-5 investor. A foreign investor may only use the indirect job calculation if affiliated with a regional center.
FLEB-5 Investment Opportunities
The Florida EB-5 Regional Center was approved in October 2010 by the United States Citizenship and Immigration Services (USCIS), a division of the United States Department of Homeland Security, to raise capital via the EB-5 program to stimulate economic development through foreign investment.
The Florida EB-5 Regional Center, LLC (SRC) maintains a geographic scope which includes the entire State of Florida, with focus investments in the following industry clusters:
- Manufacturing (NAICS 31-33)
- Finance and Insurance (NAICS 52)
- Health Care ands Social Assistance (NAICS 62)
- Accommodations and Food Services (NAICS 72)
- Retail Shopping (NAICS 44-45)
- Affordable Housing (NAICS 23)
Since its inception, the Florida EB-5 Regional Center has created $65,000,000 EB-5 foreign investment capital opportunities and submitted over $25,000,000 (50+) I-526 Immigrant Investor applications, creating 1875 US new jobs.