Wealthy foreign investors hoping to gain residency to the US via the  EB-5 program may lose their investment because of an alleged fraud, currently being reviewed by INS.

The developer behind a biomedical research facility in Vermont, who benefitting from EB-5 investor funding, is being investigated for misusing the money.

Now families who expected the project to be their pathway to permanent residency are facing the prospect their investment is lost, along with their hopes of staying in the US if they cannot find another project to support.

EB-5 Investment requirements

  • An EB-5 investor must invest in a new commercial enterprise.
  • The investor must invest at least $1 million when investing in a general area of business or at least $500,000 when investing in a targeted employment area ("Regional Centers").
  • Within two years of admission as a Conditional Permanent Resident, the investor must create or preserve at least 10 full-time, direct or indirect jobs belonging to qualified US workers.
  • See  Tax Implications of Gaining Permanent Residence Through US EB-5 Visa

To read this article in its entirety please click here

General Information: Contact Us to receive more information about this article.
Interested Investors: Kindly complete the following form and we will contact you to discuss your global residency and citizenship investment options.

The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer.