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.
The key EB-5 provisions in the bill include: -Making permanent the EB-5 Regional Center program. Introduced in
1992 as a “pilot” program, it has continually been reauthorized by
Congress and most recently it was extended through September 30, 2015.
-Recapture of unused immigrant visa numbers from prior fiscal years.
-Elimination of per country quotas for employment based visa numbers,
this would have significant implications for China which is predicted
to reach its quota in fiscal year 2014.
-Exemption from the employment based immigrant visa numbers for
spouses and children of principal applicants, this means that visa
numbers which are currently capped at 10,000 would be allocated solely
to principal investors.
-Additional immigrant visas numbers for the EB-5 program as a whole.
[Source: Laura Foote Reiff, Greenberg Traurig, LLP] During his speech on January 29 in Las Vegas, President Obama
announced his principles for Comprehensive Immigration Reform. As part
of the president’s plan to overhaul the current broken immigration
system, he noted the need to make permanent the EB-5 Regional Center
Program that is currently set to expire on September 30, 2015. The
program was introduced in 1992 and implemented in 1993. Since that time,
it has continually been reauthorized by Congress on a temporary basis.
The president’s objectives related to the program include:
Expanding opportunities for investor visas and continued U.S. economic development
Permanently authorizing the EB-5 regional center program
Providing incentives for visa requestors to invest in programs that
support national priorities, including economic development in rural and
economically distressed regions
The introduction of new measures to combat fraud and national security threats within the program
Data collection on the economic impact of the program nationally and locally
The creation of a pilot program for state and local government officials to promote economic development.
