Congress created the EB5 Program/Immigrant Investor Program in 1990 to stimulate the US economy through job creation and capital investment by foreign investors. It works by linking US businesses looking to raise capital with foreign investors who are seeking a US visa, thereby creating a win-win situation.
The EB5 program can be an excellent way to obtain permanent resident status in the US. Unlike other immigrant visa options, the EB5 visa requires no U.S. employer to act as a sponsor, nor does it require any specialized knowledge, skills or experience. Further, the EB5 program is not limited to foreign nationals from specific treaty nations.
The Princeton development will consider the renovation of an existing nine-building property.
|Project Construction Cost||$35 Million|
|Number of EB-5 Investors||10|
|Estimate of Total Jobs That Will be Created||173|
|Job Creation Buffer||73%|
|Annual Interest Offered to Investors||2%|
|Regional Center + Administration Fee||$50,000|
|Construction Status||Somerset - ~60% complete. Completion April 2020.
Princeton - ~20% complete. It is under operation already and generating revenue. This is renovation only project.
|Investment Period||5+1+1 years or till the time they receive a permanent green card, whichever is earlier.|
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