Empire State EB-5 Regional Center is dedicated to the strategic alignment of capital resources to generate economic growth and create a path for lawful citizenship to qualified immigrant investors. Empire State Regional Center can provide a wide range of financial products including equity, preferred equity, non-recourse mezzanine, construction and renovation loans with a term of up to five years. We have maximum flexibility in structuring viable projects.
Tuesday, August 27, 2013
Making Permanent EB-5 Program and Improvements to EB-5 Job Counting Method
In his plan to making the EB-5 pilot program permanent Sen. Patrick Leahy, D-Vt.is proposing a list of improvements focused on stronger staffing, streamlining the review process for applications and business plans, better reporting, and defining the what full time employment as it pertains to the EB-5 job requirements. Full-time employment is currently defined as 35 total hours a week, per year, per employee (approximately 1,750 hours per year). Sen. Leahy’s proposal would count 1,750 hours worked as a full-time position towards the EB-5 job requirement regardless if the work is done by a single person or multiple individuals.An EB-5 investors investment must create 10 permanent full time jobs for American workers in order to qualify for a Untied States Green Card.
Read further:Senator Leahy’s Amendment Sectional
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