EB-5 regulations require that an Immigrant Investor's funds be "at risk", meaning that a regional center is not permitted under law to guarantee the return of invested funds, or a specific financial rate of return. As a result, we must ensure that participants are sophisticated and/or financially accredited.
Continental Americas Regional Center, LLC. That's us!
Conditional Permanent Resident
A conditional permanent resident (or, someone who holds a conditional green card) is an alien who has lawfully been admitted for permanent residence, but whose permanent resident status is dependent on providing evidence to USCIS that the job-creation requirement of the EB-5 program has been met. This status can be removed by filing an I-829 form, which is filed by an investor 90 days prior to the second anniversary of the approval of their I-526. It is important to note that the period during which one is considered a conditional permanent resident counts towards the five year requirement for full U.S. citizenship therefore, including this period, an immigrant investor need only wait three more years to apply for full citizenship.
an investor is required to demonstrate that he or she is a financially accredited investor in order to make an investment with CARC. Among other guidelines, this requires that investors demonstrate either that:
- The investor's individual or joint (with a spouse) net worth is in excess of USD $1,000,000
- OR, the investor's individual income was in excess of USD $200,000 for each of the two most recent years, and has a reasonable expectation of maintaining that level of income in the current year
- OR, the investor's joint income (income with a spouse) is in excess of USD $300,000 for each of the two most recent years, and has a reasonable expectation of maintaining that level of income in the current year
A green card (also referred to as an unconditional green card) is a card issued to those who have applied for and received U.S. Government approval to become permanent U.S. residents, allowing them to live, work and retire in the U.S.
These are the two standard forms required by USCIS during the EB-5 application process. The I-526, known as the Immigrant Petition by Alien Entrepreneur, is submitted along with investors' initial applications to begin the EB-5 process. Once this is approved by USCIS, investors will receive their conditional permanent residency status (known as a conditional green card). Twenty-one (21) months after the approval of an I-526, investors seeking to remove the conditions from their permanent residency status should submit an I-829, known as a Petition by Entrepreneur to Remove Conditions. Five (5) years after the approval of the I-526, investors who maintain permanent residence status are entitled to apply for US citizenship.
A participant in the EB-5 program is known as an Immigrant Investor.
A Qualified Investor whose subscription agreement, private offering documents, and required funds have been received and approved by us becomes a limited partner in our projects, meaning that he or she may utilize the job creation produced by our regional center as evidence for his or her application for a green card.
A person is considered a non-U.S. person if he or she is not a U.S. citizen, permanent resident, or political asylee in the United States.
The set of legal documents (including a Private Placement Memorandum, Subscription Agreement, Escrow Agreement, and others) which investors must complete and CARC must accept in order to participate in the EB-5 Program.
A Qualified Investor is one who has demonstrated to us that he or she is both a non-US person and an accredited investor in accordance with pertinent US securities laws and regulations.
A regional center is defined as any economic unit, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment within a particular geographical area. Investing with a regional center such as ours can eliminate the day-to-day management requirement of the typical EB-5 investment, and can make it easier to ensure that the necessary jobs have been created to permit the issuance of a green card.
A Targeted Employment Area, or TEA, is an area in the US in which EB-5 investors may invest only USD $500,000 to receive their green card, rather than the typical USD $1,000,000. To be declared a TEA, an area must be shown to have an unemployment rate of at least 150% of the national average.
United States Citizenship and Immigration Services, the US government agency responsible for overseeing the green card issuance process.