EB-5 Florida - Is it the right choice?
A number of families looking at the hundred plus programs approved by The United States Citizenship and immigration Service (USCIS) assume they should select a program in the specific State they wish to live in. You need to be aware of the implications when you make this decision.
To begin on an important point of detail, there is no reason why, when applying through the EB-5 regional center visa; the applicants have to live in the State they are investing in. in reality you are completely free to live, work, study or retire anywhere you want to in The USA regardless of which regional center you chose. However, certain families feel they need reassurance by choosing a program in the State they intend to settle in, believing they can keep a watchful eye on the program of their choice. There are a number of reasons to believe that far from being a positive thing to do such a decision could be potentially negative.
The quality of the program, regardless of which State it is in, should always be an important consideration. It may be useful to consider programs with a 100% record of both I-526 and I-829 success that have been in operation long enough for original investors to have their funds returned.
Taking the regional centers in Florida as an example, none of the centers have been operating for long enough to meet the above criteria.
Additionally, for those looking at investing in property investments, the devastating impact of the real estate crash which hit Florida harder than many other States continues to inflict a disturbing impact. There are still many foreclosures and short sales that are bringing down prices and there can be no guarantees that property will be worth your investment of $500,000 when the time comes to sell.
Given the importance of obtaining the visa, keeping the visa, and obtaining the return of the full $500,000 invested, EB-5 visa applicants may wish to put more importance on the selection of the best regional center to meet their criteria, perhaps one that is backed up by a substantial and successful track record rather than selecting an unproven program in an area they wish to live in.
It is important when searching for as much information as possible to be given all the facts from an impartial and experienced source.
To begin on an important point of detail, there is no reason why, when applying through the EB-5 regional center visa; the applicants have to live in the State they are investing in. in reality you are completely free to live, work, study or retire anywhere you want to in The USA regardless of which regional center you chose. However, certain families feel they need reassurance by choosing a program in the State they intend to settle in, believing they can keep a watchful eye on the program of their choice. There are a number of reasons to believe that far from being a positive thing to do such a decision could be potentially negative.
The quality of the program, regardless of which State it is in, should always be an important consideration. It may be useful to consider programs with a 100% record of both I-526 and I-829 success that have been in operation long enough for original investors to have their funds returned.
Taking the regional centers in Florida as an example, none of the centers have been operating for long enough to meet the above criteria.
Additionally, for those looking at investing in property investments, the devastating impact of the real estate crash which hit Florida harder than many other States continues to inflict a disturbing impact. There are still many foreclosures and short sales that are bringing down prices and there can be no guarantees that property will be worth your investment of $500,000 when the time comes to sell.
Given the importance of obtaining the visa, keeping the visa, and obtaining the return of the full $500,000 invested, EB-5 visa applicants may wish to put more importance on the selection of the best regional center to meet their criteria, perhaps one that is backed up by a substantial and successful track record rather than selecting an unproven program in an area they wish to live in.
It is important when searching for as much information as possible to be given all the facts from an impartial and experienced source.
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