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EB-5 Program FAQ's
NREDC FAQ's
Investment FAQ's
Green Card FAQ's
 
 

Investment FAQ's

1. How is the investment structured?
There will be a separate Limited Partnership for each project in which the NREDC invests. Each investment will focus on the project anticipated to result in direct and indirect job creation. The foreign investor will become a member of the Limited Partnership. The NREDC will be the General Partner of each company. The NREDC will manage the everyday affairs of the Limited Partnership. As individual members of the Limited Partnership, foreign investors will participate in certain decisions and will receive a financial statement report.

2. Must I invest the full US $500,000 before applying for my Green Card?
Yes. The investment must be completed in full prior to filing your I-526 Petition to USCIS.

3. How can I submit my investment funds to the NREDC?
In our offering materials, we provide a copy of our escrow agreement and the wire transfer instructions to the escrow bank account. Within 48 hours of your wire transfer, our office will receive a remittance confirmation for your records. A copy of the remittance confirmation is provided to you and is included as part of your I-526 Petition.

4. What is an escrow account and how does it protect me against the risk of losing my money?
An escrow bank account is a legal, interest-bearing account established in a banking corporation, meeting all the legal requirements to operate in the State of Nevada. This type of account is commonly used in the sales of real estate, business, and personal property. After the funds are wired into the escrow bank account, the funds continue to belong to the investor. No money will be released from the escrow bank account to the project until the investor’s I-526 Petition is approved by the USCIS.

5. How is my interest protected?
The USCIS requires that some financial risk be involved so we cannot guarantee the return of your investment, but the NREDC does make all best efforts to minimize the amount of risk by seeking to invest in the projects that have strong financial standing. All foreign investors will receive regular reports with financial information. A foreign investor can contact the NREDC at any time to request any information.

6. If my I-526 Petition is denied, will I receive my funds back?
Yes. If the petition was submitted in good faith, the full US $500,000 investment will be returned to the account from which the funds originated.

7. What is meant by the requirement that the foreign investor’s investment be “lawfully gained”?
Under USCIS regulations, the investor must demonstrate that their assets were gained in a lawful manner. Whether the funds come from salary, gift, investment, property sale, inheritance, or business ownership, the investor must prove to USCIS that the funds were obtained through lawful activities. The NREDC will require each investor to reveal where and how they received the assets that are used for qualifying for the program.This may be accomplished through certificates by the investor’s licensed accountants, lawyers, court records, salary statements, tax statements, real estate documents, etc.

 
 
 

What is a Regional Center

A Regional Center is the entity, organization or agency that focuses on a specific geographic area within the United States in order to promote economic growth. Most Regional Centers are in targeted employment areas, that have an unemployment rate that is at least 1.5 times higher than the national average.

The number of people obtaining Green Cards through the employment-based fifth (EB-5) preference category is increasing rapidly. Most EB-5 Green Cards are filled through “Regional Centers.” These Regional Centers are designated by the U.S. Citizenship and Immigration Services (USCIS) to attract immigrant investors in specific geographic areas. These Centers do not guarantee profit or the return of an investor’s principal investment.

For foreign investors looking for freedom and flexibility to live and work in the United States in a way accommodating to their lifestyles, the EB-5 investor category can provide an excellent opportunity to accomplish this goal through the acquisition of Green Cards.

The EB-5 Regional Center Program allows a person and his or her immediate family members to obtain a Green Card (i.e. live permanently in the U.S.) by investing US $500,000 into a Regional Center investment project located in a Targeted Employment Area (TEA), for the purpose of creating and or saving jobs.

About Nevada

  • The capital is Carson City and the largest city is Las Vegas

  • 85% of the population resides in the metropolitan areas of Las Vegas and Reno

  • Known for its entertainment, and legalized gambling

  • Nevada is the seventh-largest state in the U.S.

Why Invest in NREDC

  • NREDC will provide foreign investors with the opportunities to invest in U.S. business development while opening the gateway to U.S. residency and eventually citizenship

  • NREDC’s investments will be focused on approved Targeted Employment Areas (TEA’s) with a minimum investment of $500,000

  • NREDC will promote increased economic growth in Nevada by forming a new private capital equity investment fund that will pool qualified immigrant investors and leverage existing financial resources to launch profitable commercial enterprises

  • NREDC will focus on viable projects and through the infusion of new capital, bring new industries generating business

  • NREDC takes advantage of the tax benefits in Nevada as a positive asset toward new business. No corporate income and state tax. Along with Nevada’s lenient tax structure, the state offers several programs to diversify the state’s economy and a greater demand for projects in Targeted Employment Areas (TEA’s)

  • NREDC will check the lawfulness of all investment funds and will be scrupulously verified. All Capital Contributions will be placed in a escrow account pending formation, funding, and operation of the pertinent Limited Partnership

Benefits of a Green Card

  • Start a new life or career in the United States

  • Be able to start your own business venture anywhere in the U.S.

  • Share in nearly all the benefits of a citizen of the United States

  • Take advantage of the finest healthcare in the world

  • Live, work or retire in any location in the United States

  • Attend schools in the United States

  • Eligible for U.S. citizenship within 5 years

Step-by-Step Process

Step 1: The NREDC gives the investor a Confidential Offering Memorandum describing in detail the proposed NREDC investment project.

Step 2: If interested in investing in the project, the investor signs the Subscription Agreement and other requested documents and provides financial and background information to the NREDC for review. The investor also deposits US$500,000 in a secure escrow account with Citibank and pays an administrative fee to the NREDC.

Step 3: The investor’s attorney prepares and files the I-526 Petition with the USCIS.

Step 4: If the I-526 Petition is approved, the US$500,000 in the secure escrow account is unconditionally released and invested in the project. If the application is denied by USCIS, the full US$500,000 investment is promptly refunded to the investor from the secure Citibank escrow account.

Step 5: Following approval of the I-526 Petition, the investor will be given a U.S. Consular Interview in the investor’s home country or if the investor resides in the U.S., receive an adjustment of status. Following the interview, the investor and family members enter the United States to receive a conditional Green Card.

Step 6: Upon receipt of the conditional Green Card, the investor and family are free to live anywhere in the United States with unrestricted travel and work rights.

Step 7: After two years, the investor’s attorney files an I-829 Petition to make the investor’s Green Card permanent, rather than “conditional.” The NREDC will assist the investor and his or her attorney in the preparation of the application.

Step 8: Upon approval of the I-829 Petition, the conditional status of the Green Card is removed and the investor’s Green Card is deemed permanent.

Step 9: After 5 years of issuance of the conditional Green Card (and maintaining the full investment in the NREDC investment project), the investor and family may apply for U.S. citizenship.

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