Like many foreign investors seeking an EB-5 green card visa, you will have to make a number of decisions about the nature and location of your business. However, the answers may be able to reduce your initial amount of invested funds. For example, if your business is located in a targeted employment area, you may decrease your initial investment amount from $1,000,000 to $500,000—allowing you to obtain a green card while risking less of your family’s capital.
There are two different kinds of targeted employment areas (TEA). The first is located in a metropolitan statistical area (MSA) or on the outer boundary of a city that has a population of 20,000 or more that has an unemployment rate of at least 150 percent of the national average rate.
The California Employment Development Department has identified qualifying metropolitan statistical areas based on 2012 unemployment levels. These urban areas include:
- El Centro
- Yuba City
The second form of TEA is a rural location. These areas are not within any metropolitan statistical area or the outer boundaries of cities or towns that have a population of 20,000 or more. In 2012, qualifying rural areas in California have included:
- Del Norte
Of course, determining if your business will thrive in a targeted employment area is just the beginning of your major investment decisions. Even if you find a suitable location, your business will still be responsible for creating at least ten jobs for US workers during your initial investment period in order to maintain valid visa status.
Our San Francisco EB-5 immigration attorneys know that the decisions you are making right now will affect your family for the rest of their lives—and it’s important to get it right the first time. At the Law Offices of Vaughan de Kirby, we can identify whether your project is ideal for placement in a targeted employment area, helping you choose the investment type that will secure your family’s EB-5 visa status.
Call us today at (415) 221-2345, or click the link on this page for a FREE copy of our informational guide, Investor's Path to a Green Card: How Investing in America Can Put You and Your Family on the Path to Greater Wealth and U.S. Permanent Residency.