Under mandate by Congress, Regional Center EB-5 petitions are given priority by CIS, which, among other benefits, often results in a quicker path to approval. Each Regional Center program must be pre-approved by CIS in order to be eligible to apply for EB-5 Green Cards. A few available, among others, are the following three main active EB-5 programs.
A real estate limited partnership program that offers an investment in industrial properties in Seattle. This program, which was granted CIS designation as a Regional Center in 1996, generally involves purchasing low-yielding industrial properties, and converting them to commercial, e.g., office space, retail shops and storage space, etc. Investors participate as limited partners of a limited partnership, and can earn a monthly return from a share of tenant rentals after property renovation, as well as a share of future appreciation from the project when sold. Investment periods vary, but cannot end before receipt of the permanent Green Card by the investor.
A limited partnership program that makes low interest loans to businesses in Philadelphia. Business investment and development in this program, a CIS Regional Center designee since 2003, targets industry sectors that demonstrate strong indications of expansion, growing employment needs, and returns on investments. The Regional Center directs its efforts at financing projects and developing enterprises within targeted sectors, including hospitality and tourism, trade, technology, higher education, and transportation. The investment period of this program is 5 years.
Ownership of 80-acre grape farms in California. The investment is used to create a business in California that is 100% owned by the immigrant investor. The business purchases 80 acres of land where grapes are developed, grown and harvested for export. It also purchases raw agricultural stock (grapes), an irrigation system, plant nutrients and all necessary harvesting equipment and services to develop the land and export the harvested grapes for profit. The investment period for this program, which received CIS designation as a Regional Center in 2002, is 7 years.
Mar 1, 2009