Real Estate and other Investments Subject to U.S. Estate or Gift Tax
(Real Estate and other Investments Subject to U.S. Estate or Gift Tax)
Our law firm helps clients from all over the world to immigrate to the United States with the EB-5 Investor program.
Under the very attractive EB-5 investor program your entire close family (including the foreign investor, their spouses and unmarried children under 21) is eligible to get expedited permanent residence status in the U.S.
The minimum qualifying investment in the United States is US$1 million. In a targeted employment area -high unemployment or rural area- the minimum qualifying investment in the United States is only US$500,000.
A lot of clients prefer investing US$500,000 in a regional center.
Many clients don’t know, that the US$500,000 investment program may not be available anymore for too long.
The US$500,000 Regional Center investment part of the law was set to expire in September 2017. On Sept. 8, 2017, the President signed an extension of the Regional Center Program through Dec. 8, 2017 with no changes.
It is expected that a new bill will raise the minimum investment requirement from US$500,000 to US$800,000 in high unemployment areas and from US$1 million to US$1.2 million for low unemployment areas.
A number of major developers in South Florida have secured and focus on securing additional capital via EB-5, including new projects like SkyRise Miami, Panorama Tower, and the Paramount Miami Worldcenter.
We have been telling clients to speed up their paperwork and take advantage of this program before the investment amount goes up or they may even completely abolish the program.
So if you are looking to immigrate under the EB-5 visa program you need to take action.
If you have any questions or are interested in the EB-5 investor program please contact us for more information.
This article does not constitute legal advice. The rules indicated and the information provided herein may change rapidly and are for informational purpose only.