What is EB-5?
EB-5 is an abbreviation for the United States Citizenship & Immigration Services’ 5th category of Employment Based visas, also known as the Immigrant Investor Program.
The EB-5 Program grants Green Cards to foreign nationals who make an investment that meets certain requirements set forth by the USCIS, giving investors and their immediate families the opportunity to LIVE in the United States of America and apply for citizenship after holding a Green Card for only five years.
What is a TEA?
TEA is the USCIS abbreviation for Targeted Employment Area. A TEA is an area that has an unemployment rate of at least 150% the national average at time of investment or is a rural area that lies outside the boundary of all metropolitan statistical areas and any city or town with a population of 20,000 or greater.
TEAs allow you to invest with only $800,000
Why do they matter?
TEAs are important because they accomplish four things:
- Allow an investor to start their EB-5 Visa Program journey with $800,000 instead of the usual $1,050,000.
- 10% of available EB-5 visas are reserved for TEA projects, and the USCIS is required to process I-526 applications within 120 days - resulting in an even faster process.
- Allow Regional Centers to use indirect job creation
- Help the area’s economy through job creation and tax revenue that it normally wouldn’t generate on its own.
Requirements & Costs
EB-5 Investments must be made where:
- The funds are at risk of loss
- They create 10 new American jobs for 24 months
- Funds are from legal sources
These are the basic requirements established by the USCIS. The USCIS requires that EB-5 investments be at least $1,050,000, except for projects in approved TEAs where the minimum amount is $800,000. This does NOT include administration and legal fees.
USCIS Approved Regional Center -
EB-5 Florida Real Estate Regional Center is a USCIS approved Regional Center in Central Florida specializing in equity real estate investments.
Regional Center status removes a major variable from the EB-5 visa process. Approved Regional Center projects have already been reviewed by the USCIS and approved for EB-5 investments, so denial of the visa only occurs if the funds cannot be verified as being from a legal source or if the applicant is a criminal or terrorist.
Seema Kara & Karim Ismail, MBA
EB-5 Lawyers: American Lawyers International (ALI)
Carlos J. Bonilla
Paul C. Lane
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EB-5 CCWO Project Brochure
Everything you need to know about City Center West Orange as a project, Orlando as a City, and your EB-5 Investment.
Our comprehensive EB-5 Brochure will explain every step of the process, as well as provide answers to your questions.