Wednesday, 16 March 2011

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

By Alan Cooper


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.

The investment required is currently 1,000,000 dollars, although it is reduced to 500,000 dollars if the investment is made in a qualified regional center with high unemployment rates. The Gold Coast Florida Regional Center offers EB5 visas in Miami-Dade, Broward and Palm Beach Counties in Florida.

A green card is the common name for the document officially called a US Permanent Resident Card. The card grants the holder the rights to permanently work and live in the United States. Cardholders, also called Lawful Permanent Residents, can apply for full citizenship (also called naturalization) after five years.

While a person is a Lawful Permanent Resident they will already enjoy most of the full rights of a US citizen, including living and working anywhere in the country on a permanent basis. There are however some good reasons to become a full citizen, including the ability to possess and use a US passport, and therefore receive US government assistance and protection when traveling overseas.

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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