RESIDENCY THROUGH EB-5 INVESTMENT
Investment through the GO EB-5 RC allows qualifying foreign nationals to pursue United States citizenship for themselves and their dependents through the EB-5 Program administered by United States Citizenship and Immigration Services (“USCIS”).
The EB-5 Program is a means of obtaining permanent legal residency in the United States for foreign nationals that can invest at least US $500,000, in a Targeted Employment Area (TEA), through a GO EB-5 RC project.
The EB-5 Program provides opportunities for qualified foreign nationals to achieve permanent legal residency status in the United States through an investment in a USCIS approved project that will generate at least 10 EB-5 qualifying jobs per EB-5 investor. EB-5 regional centers are pre-approved entities that allow EB-5 investors to pool their money together for job creating ventures in the United States.
With approval of the foreign national’s petition to citizenship, the EB-5 investor and his or her spouse and dependent children will initially be granted a temporary visa for a period of two years. After this period and USCIS verification that the requisite jobs have been created in the commercial enterprise, the restrictions on the temporary visa can be lifted and the United States visa then can become permanent for the EB-5 investor and his or her spouse and dependent children.
GO EB-5 RC intends to focus on promoting economic growth and job creation in the Chicago, Illinois metropolitan area through capital investment opportunities including construction, traveler accommodations, restaurants and food services.
GO EB-5 RC, together with an independent, third party “Investment Supervisor”, will assure that (i) money is invested into an approved new commercial enterprise and (ii) there is adherence to the criteria for job creation – both of which are critical to a successful EB-5 project.
GO EB-5 RC is led by Chicago real estate veteran, Scott David Greenberg, who will serve as President and Chief Executive Officer of GO USA EB-5 Regional Center. Mr. Greenberg is a real estate visionary who conceives, builds and operates various award–winning hospitality, retail and mixed use developments. His background spans over 30 years in various aspects of low and high rise construction, development and financing. Mr. Greenberg has created many landmark properties including theWit Hotel in downtown Chicago.