Both of my brothers are U.S. citizens, and they are looking to build a new motel. If I invest $500,000 in this motel, and it creates 10 jobs, can I use that to apply for a green card through the EB5 program? Or, do we have to create more than 10 jobs, since there are multiple investors?08 Jul 2021
Posted at 06:57h in EB5 Investor, FAQs, For Individuals, Investor
Assuming the business is located in a targeted employment area (TEA), it may be possible to invest $500,000 in this business and apply through the EB5 program. If multiple people invest in a business, the business must create ten new jobs per EB5 investor. So, if you have multiple people investing in a business, but only one investor is applying through the EB5 program, the job creation requirement would be met if 10 jobs were created for U.S. workers. (08.Jul.2021)
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