Monday 14 May 2012

South Florida Property Investments Can Offer Green Cards Through EB5 Visas Program

By Paul Waverly


The EB5 visas system was created by the Immigration Act (1990). It provides a way for foreign nationals to invest money in the United States and - provided certain conditions are met - to obtain a green card for themselves and their immediate family.

Current regulations require an investment of at least $1 million, although the investment need only be half that in certain high unemployment areas. EB5 visas in South Florida (Broward, Palm Beach and Miami-Dade counties) are offered via the Gold Coast Florida Center.

A green card is the informal name given to the United States Permanent Resident Card. This entitles the holder to permanently live and work in the US. Green card holders (or Lawful Permanent Residents) are able to apply for citizenship after 5 years.

Lawful Permanent Residents to a large extent enjoy the full rights of citizens, but those who do become citizens will gain the ability to hold and use the United States passport, and can therefore benefit from US government protection when traveling abroad.

US citizens also have priority over others when bringing family members into the US, and in most cases their children (even those who were born abroad) will automatically become citizens. There may also be lower education fees, and tax advantages for full citizens. Additionally some federal jobs and most elected posts may only be taken by citizens.

Those who are interested in applying for a green card through the EB5 visa program need to have the qualifying funds available for their investment in the US. Investment opportunities can include property investments such as Hollywood Circle. This is a mixed use real estate project in the City of Hollywood in South Florida.




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