Fifth employment-based preference (EB-5) is one of the employment-based programs offered by the United States Citizenship and Immigration Services (USCIS). The EB-5 program reserves 10,000 visas per year for immigrants seeking to enter the United States and invest at least $1 million in new commercial enterprises which will create at least ten full-time jobs for U.S. citizens, lawful permanent residents or other employment-authorized aliens.
Immigrant Investor Pilot Program and Regional Centers
Due to disappointing results with the initial launch of the EB-5 immigrant investor program which set aside 300 total immigrants visas per year, Congress enacted a revision to the program on October 1, 1993. This revision first increased the annual visa numbers from 300 to 3000 and created the Regional Center Pilot Program. The five-year pilot program has been extended several times. President Obama signed the Department of Homeland Security Appropriations Act of 2010, which extended the EB-5 regional center pilot program until September 30, 2012. “In 2012, Congress reaffirmed its commitment to the regional center model of investment and job creation by removing the word “Pilot” from the now twenty-year old program, and by providing a three-year reauthorization of the regional center model through September 2015″ (USCIS 2013, PM-602-0083, p. 2).
A Regional Center is defined as any economic unit, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment. A Regional Center obtains its designation by submitting a detailed application to the U.S. Citizenship and Immigration Services (USCIS). When an immigrant invests through a Regional Center, the new commercial enterprise does not have to directly employ ten U.S. workers. Instead, it is sufficient to show that ten or more jobs will be created directly (i.e. through the use of independent contractors) or indirectly (i.e. using one of USCIS-approved forecasting models).
Furthermore, when the investment is located in a Targeted Employment Area, the minimum requirement is reduced to US$500,000 from US$1,000,000.
The projects described and depicted herein are based on current development plans, which are subject to change without notice. Information presented in relation to these projects is accurate to the best of M&D Regional Center, LLC’s knowledge, but has not been specifically confirmed and verified by M&D Regional Center, LLC. This website and the projects described herein are simply for general information purposes only and are not offers to sell any security or real estate. This website is only a summary of certain important matters relating to M&D Regional Center, LLC and is not intend to be used for consideration in making any investment decision. The projects described and information provided herein, or any opportunity to invest therein, have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless the securities are registered under the Act, or an exemption from the registration requirements of the Act is available. The information provided herein is not, and shall not be taken as, (i) an offer to sell, or a solicitation of an offer to buy, an interest in any investment, security or any other financial product; or (ii) M&D Regional Center, LLC providing any form of investment management or advisory services. M&D Regional Center, LLC does not offer, or intend to offer, securities through the viewing of this website or by providing general descriptions of its projects. Any offer or solicitation to purchase an interest in any security may be made, if at all, by the issuer of those securities and/or affiliated licensed broker-dealers, pursuant to requirements and exemptions set out in applicable securities laws, and such offerings and/or solicitations shall only be made through the delivery of confidential offering materials relating to a particular securities investment to qualified investors in those jurisdictions where permitted by law. Prospective investors should rely solely on detailed information provided in offering materials for particular investments, and must take note of the risk factors described therein.
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