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Investor Immigration In The U.S.A :The Eb-5 Business Immigration Law

Author

Listed:
  • Dragos CHILEA

    (Professor, "Petru Maior" University Faculty of Economics, Law and Administrative Sciences Targu-Mures, ROMANIA.)

  • Cristina M. KASSAI

    (Representative "The Americas Group" Financial Service S.A.)

Abstract

This paper examines the EB-5 immigration visa, created by the United States through the Immigration Act of 1990. The Immigration Investor Programm allows immigrants to earn their Green Card / American Citizenship by investing in American businesses. Investments range from commercial real estate to solar energy plants and could only be received by an economic unit defined as a Regional Center. The paper is focusing on legal aspects of the regional centers, which are started by local U.S businessmen, sometimes in alliance with local government agencies, in order to attract investment capital for current or planned business ventures. Regional centers are involved with the promotion of economic growth, job creation and increased domestic capital investments. The paper also reviews certain financial qualifications that EB-5 investors who choose to invest through a regional center with the EB-5 programm must meet. Basically, the U.S Government looks for sophisticated immigrants who qualify as ”accredited investors” in order to maximize their business success. State and federal securities laws require this approach in order to protect the investment. Ultimately, the paper offers a presentation of a major project ”SkyRise Miami”, that will create approximately 17.000 jobs, with a total economic impact during its development stage that exceeds $800 million. It will be the tallest building in Florida, considered to become ”Miami? s Eiffel Tower”, that will change the landscape of Miami.

Suggested Citation

  • Dragos CHILEA & Cristina M. KASSAI, 2015. "Investor Immigration In The U.S.A :The Eb-5 Business Immigration Law," Curentul Juridic, The Juridical Current, Le Courant Juridique, Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation, vol. 60, pages 46-60, March.
    • Handle: RePEc:pmu:cjurid:v:60:y:2015:p:46-60
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    File URL: http://www.upm.ro/facultati_departamente/ea/RePEc/curentul_juridic/rcj15/recjurid151_5F.pdf
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    More about this item

    Keywords

    Investor immigration; EB-5 program; regional center; accredited investor; SkyRise Miami project;
    All these keywords.

    JEL classification:

    • K1 - Law and Economics - - Basic Areas of Law

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