Join the conversation:

EB-5 visa program for foreign investors expanding in Miami

EB-5 visa program for foreign investors expanding in Miami

Posted by Liliana Castaño on May 28, 2014

The city of Miami is making it easier for foreign investors to move to the United States with their families.

Miami has earned designation as a “regional center” under the federal government’s EB-5 program, an employment-based visa program that lets qualified investors gain U.S. residency. The new designation means investors can qualify with smaller investment in job-creating projects – starting at $500,000.

Miami-based law firm Greenberg Traurig represented Miami in its application. Laura Reiff, who co-chairs the firm’s immigration practice, announced the approval and underscored its business potential.

“This increasingly popular program will provide additional financing opportunities for real estate development and infrastructure projects, therefore serving as a catalyst for economic development and job creation within Miami and throughout South Florida,” Reiff said in a news release.

The city is one of the few nationwide to own, manage and operate its own EB-5 center. Miami attorney Mikki Canton manages the center and also serves as an adviser to Mayor Tomas Regalado.

The EB-5 program has been used by numerous projects to lure foreign investment to South Florida, from hotels to office buildings to restaurant locales. The foreign investor must create at least 10 new U.S. jobs over two years to qualify for permanent U.S. residency.

 

Link To Full Article: 

Facebook comments



Monthly newsletter featuring articles hand picked by our country managers from the best content across PanamericanWorld.



Monthly newsletter featuring articles hand picked by our country managers from the best content across the Caribbean Region on PanamericanWorld.

PANAMERICANWORLD COUNTRIES