Permanent resident status based on EB-5 eligibility is available to investors and their families. Eligible individuals are those who have invested or are actively in the process of investing at least $1,000,000 or $500,000 in a "targeted employment area" which is an area that has experience unemployment of at least 150 per cent of the national average rate or a designated rural area.

The investment must establish a new commercial enterprise by doing one of the following:

• creating an original business
• purchasing an existing business and simultaneously or subsequently restructuring or reorganizing the business such that a new commercial enterprise results
• expanding an existing business by 140 percent of the pre-investment number of jobs or net worth, or retaining all existing jobs in a "troubled business" that has lost 20 percent of its net worth over the past 12 to 24 months

• creating full-time employment for not fewer than 10 qualified individuals
• maintaining the number of existing employees at no less than the pre-investment level for a period of at least two years, where the capital investment is being made in a "troubled business" which is a business that has been in existence for at least two years and that has lost 20 percent of its net worth over the past 12 to 24 months.

Successful immigrant investors may obtain status as a conditional resident, which can be converted to lawful permanent resident status after the second anniversary of a foreign investor's admission to the United States as a conditional resident.

 The Law Office of Regina Y. Kane

6477 College Park Square, Suite, 202
Virginia Beach, VA 23464
Phone: (757) 480-0297
Fax: (757 480-0298

1629 K Street NW • Suite 300
Washington, DC 20006
Toll Free: (866) 480-0297