Tuesday, December 20, 2011
Obtaining a United States Visa through the EB-5 Immigration Visa Program.
Few people are aware of the EB-5 United States visa program which was created by the Immigration Act of 1990. That program allows the granting of permanency residence status (green cards), to any individual who invests at lease $500.000.00 in a targeted employment area which creates or preserves at least 10 jobs for United States workers. If the investment is not within a specific targeted employment area the investment is $1,000,000.00. Under the law the targeted area are designated areas in which the unemployment rate is at least 50% above the national rate.
In New Jersey there are numerous areas which have designated as specific targeted employment areas, such areas are included in Union, Essex, Passaic and Middlesex Counties. Under this program there are many types of investments which qualify for program such as hotel development, restaurants, retail stores, office buildings, light and heavy industry, warehouses, civic buildings, apartment/condominium development and other mixed use I (hotel/retail apartments) and II types of construction (office buildings/retail/condominiums).
Although the program as been questioned as elitist and catering only to wealthy, the program nonetheless allows wealthy investors to contribute to the United States economy through much needed investments in plighted urban and rural areas.
Lastly, it is important to note that anyone interested in obtaining the EB-5 visa should be aware of the many bogus and fraudulent EB-5 agents which promise to match a qualified applicant to a qualified project investor for a substantial fee. For more information regarding this program who are invited to contact the Law Office of Vincent J. Sanzone, Jr.
Note, this information regarding obtaining a EB-5 is for informational purposes only and is not offered, or can be construded to give individual legal advice to any person.
Law Office of Vincent J. Sanzone, Jr.
Elizabeth, New Jersey
Tel. No. (908) 354-7006
Dated: December 20, 2011