Posted by: tori_laure26 August 5, 2010
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A person investing $500,000 in certain circumstances or $1 million in a business that creates 10 jobs may be granted EB-5 permanent resident status. The basic government criteria for this status are:
• Investment must be in a business, not a passive security such as the stock market;
• Invested funds must be the individual's, but may be a gift from a parent or other person, provided the appropriate gift taxes are paid, if required;
• The business must have been created after November 29, 1990 or the investment must substantially change an older business;
• The amount of investment may be $500,000 in a rural or high unemployment area; and
• Create 10 jobs – no direct job creation is required if the investment is in a "Regional Center"
• Investment must be in a business, not a passive security such as the stock market;
• Invested funds must be the individual's, but may be a gift from a parent or other person, provided the appropriate gift taxes are paid, if required;
• The business must have been created after November 29, 1990 or the investment must substantially change an older business;
• The amount of investment may be $500,000 in a rural or high unemployment area; and
• Create 10 jobs – no direct job creation is required if the investment is in a "Regional Center"