If you invest in either a Direct EB5 or Indirect EB5, your monetary investment will be either $1 million or $500,000. Depending on the zip code you can receive a Green Card with the minimum $500,000 investment. Those zip code areas are called Targeted Employment Area, or Areas of High Unemployment/ Rural Areas.
For an area to meet the requirement for a targeted employment area, the location must have a disproportionate unemployment rate which is much greater than the national average. The unemployment rate must be at least 150% higher than the national average at the time of the investment.
A rural area is any area that is not located within a large city with a population of at least 20,000, or in the suburbs that surrounds the city. The population must have been taken from the last decennial census of the United States.
The visa applicant must prove that their investment will be located within the targeted employment area. They must prove that either the project will be located in a high unemployment area (150% above the national average) or be located in a rural area.
There are several ways for an investor to prove this, however to be most accurate it is advisable to seek the guidance from an experienced and knowledgeable immigration attorney.
It is of immense importance to make sure that when an investor makes their investment in a Targeted Employment Area that the area is in fact still classified as a Targeted Employment Area.
If the investor begins the process of filing for an EB5 and their targeted location is no longer as a Targeted Employment Area, then what was initially a $500,000 will have to be a $1 million-dollar investment. In order to qualify for the EB5 Visa.
This is another reason why consulting with an experienced and knowledgeable immigration attorney is of immense value to the investor.
In order to be sure that you meet the requirements for an EB-5 Visa and/ or to properly file a petition, it is advisable to seek legal guidance from a knowledgeable immigration attorney.
This is an immigration legal blog. It is not intended to be used as legal advise. For further information please contact the law offices of attorney Ramona Kennedy.
Ramona Kennedy (Attorney) received her Jurisprudence Doctorate in America and is a licensed attorney in California (USA). Ramona Kennedy is a member of American Immigration Lawyers Association (AILA). Ramona Kennedy is fluent in English and Farsi (reading & writing) & speaks Azeri Turkish.
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