November-04-2022
EB-5 QUESTION OF THE WEEK: DOES AN EB-5 APPLICANT HAVE TO LIVE IN THE SAME STATE IN WHICH THEIR INVESTMENT IS LOCATED?
An EB-5 applicant who has invested in a government pre-approved regional center hosted project is not required to live in the same state or geographical area in which the project is located.
The EB-5 program allows foreign nationals to obtain the United States Green Card by investing $800,000 in a new commercial enterprise in the U.S. Families can include their qualifying dependents including spouse and children under the age of 21 in one EB-5 application. Foreign investors have two options for their EB-5 investment: (1) regional center route, which requires an investment in a project hosted by a regional center, or (2) direct investment route, which requires a more active role from the EB-5 applicant.
One of the advantages of the regional center route is that investors are not required to live in the same state as the project in which they have invested. For instance, the chosen EB-5 project may be located in California, but the EB-5 applicant may live in New York upon the receipt of their U.S. Green Card. However, in a direct investment, an EB-5 applicant may be required to be in closer proximity to the location of the new commercial enterprise in which they have invested given that they are required to have a managerial role.
Most foreign nationals choose to invest through the regional center route given its greater flexibility. Investors are not restricted to live in a certain geographical location based on their investment. Therefore, they can live anywhere in the United States based on their personal preferences.
Our team of U.S. licensed lawyers and professionals have over a decade of experience in providing EB-5 services to families looking to migrate to the United States, especially out of the GCC region. Contact us today to learn more about the U.S. golden visa and how you can qualify.