EB-5 Investors from Hollywood, Florida Seeking EB-5 Investment
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]EB-5 investors from Hollywood, Florida seeking an EB-5 investment should consider the benefits of investing in an EB5AN EB-5 visa project.From Boulevard Heights to Hollywood Beach, the city of Hollywood, Florida enjoys total geographic coverage from the EB5AN Southeast Regional Center.
Why Do Most EB-5 Investors Use Regional Centers?
One of the primary requirements of the EB-5 program is that the investment project creates enough jobs; each EB-5 investor must create or preserve a total of 10 full-time jobs for U.S. workers in order to qualify for a Green Card. EB-5 regional centers streamline the EB-5 investment process for potential EB-5 applicants and make it easier to demonstrate required job creation. Specifically, only regional centers may use the indirect method of calculating jobs through an approved economic methodology. This means that EB-5 investors must show only that their invested funds were spent according to the business plan rather than documenting that full-time (W-2) employees were hired and remained employed for at least two full years.
EB5AN owns and operates multiple USCIS-approved regional centers with broad geographic coverage, allowing it to immediately sponsor strong EB-5 projects in cities across the United States, including Hollywood, Florida.
The EB5AN Southeast Regional Center
Potential EB-5 investors may select EB5 investments located anywhere in the United States. However, those living in Hollywood may simply want to invest in projects located within Florida, and EB5AN already has a USCIS-approved regional center that covers Hollywood.
Our EB5AN Southeast Regional Center provides coverage of the entire state of Florida, including Broward County and Hollywood. Qualifying foreign nationals seeking U.S. permanent resident status can select an EB-5 investment under our EB5AN Southeast Regional Center or another EB5AN-owned regional center to obtain permanent residency through the EB-5 program.
Green Card Benefits for Hollywood EB-5 Investors
Hollywood-based EB-5 investors who make a successful EB-5 investment will receive the following Green Card benefits:
Residency and Citizenship Benefits
- The EB-5 visa is one of the fastest pathways to gain permanent residency in the United States for the EB-5 investor, their spouse, and their unmarried children under 21 years of age.
- Retired Green Card holders can access their pensions earned abroad and in the United States. They may also qualify for Medicare and other social welfare programs.
- Green Card holders may apply for U.S. citizenship after maintaining established permanent residency in the nation for five years.
Travel Benefits
- Green Card holders can freely leave and enter the United States without being denied reentry, although some travel restrictions apply.
- Green Card holders are free to travel to any part of the United States.
- In the event of a political change or significant event in the investor’s home country, the investor and their family can immediately gain entry to the United States.
Education Benefits
- Green Card holders have free access to public elementary, middle, and high schools and lower-cost in-state tuition at public colleges and universities.
- U.S. residency improves the likelihood of U.S. university admission by as much as 350%.
- Green Card holders qualify for in-state tuition, financial aid, and scholarships.
- Permanent residents can also work while studying, complete internships, and apply for postgraduate positions.
Employment Benefits
- Green Card holders are free to live and work anywhere in the United States, without restriction.
- Live anywhere, from the beaches of California and Hawaii to the mountains of Colorado, from a quiet, rural town to the hustle and bustle of a big city.
- Live in states such as Nevada or Texas with no state income tax.
- The EB-5 program does not require a visa sponsor or employer sponsor.
- Green Card holders do not need an H-1B work visa in order to work.
How to Evaluate EB-5 Investment Projects
EB-5 investors based in Hollywood and the surrounding areas in Florida are highly advised to thoroughly evaluate both financial and immigration risk when selecting an EB-5 investment project.
One of the requirements of a successful EB-5 visa investment is that the investment capital must be at risk for the duration of the investment. This regulation serves to ensure investors actually invest their capital into the U.S. economy and are not simply “buying” a U.S. Green Card.
“At risk” does not mean that EB-5 investors are required to invest in “risky” projects. Quite the contrary—EB-5 investors are strongly recommended to conduct thorough due diligence to minimize their exposure to financial and immigration risk.
In collaboration with Klasko Immigration Law Partners, EB5AN has developed an EB-5 Project Risk Assessment Tool for EB-5 investors. This highly functional, easy-to-use tool guides investors through the initial diligence of EB-5 projects from both financial and immigration risk perspectives.
Download our EB-5 Project Risk Assessment Questionnaire
Primary EB-5 Investment Requirements
The primary EB-5 investment requirements can be summarized as follows:
- Investing a minimum of $800,000 for EB-5 investments made in areas designated as targeted employment areas (TEAs). Projects outside of TEAs require an investment of $1,050,000. Fortunately, all of EB5AN’s EB-5 investment projects are located in TEAs and qualify for the lower investment threshold of $800,000.
- Creating or preserving at least 10 full-time jobs for qualifying U.S. workers that last a minimum of two years.
- Investing in a new commercial enterprise or a troubled business.
- Maintaining the at-risk status of the investment and using lawfully-sourced investment funds.
EB-5 Investment in Hollywood
Hollywood: Population and Income Demographics
Hollywood covers an area of 30.78 square miles and houses 153,067 inhabitants according to the 2020 U.S. census, giving the region a population density of approximately 5,616 people per square mile. Hollywood is the 12th-most populous city in the state of Florida. Moreover, the city’s long term average unemployment rate is 6.11% and its median household income is $56,912.
Because of Hollywood’s population, an EB-5 investment with EB5AN based in the city could help spark significant change in the surrounding community. A new EB-5 investment project would help create new job positions, help reduce Hollywood’s unemployment rate, and inject investment capital into the local economy.
The Culture and Economy of Hollywood, Florida
Hollywood is known for its parks, golf courses, pristine beaches, and the Hollywood Beach Broadwalk, a 2.5 mile promenade that stretches alongside the Atlantic Ocean. The Broadwalk features dozens of eateries and inns, the Hollywood Beach Theatre, a children’s water playground, and much more.
The economy of Hollywood, Florida is largely driven by the retail sector due to numerous shopping centers situated in the area. Moreover, Hollywood is the primary home to Port Everglades, South Florida’s powerhouse port and one of the most diverse seaports in the world. Generating over $30 billion in annual economic activity and supporting over 200,000 jobs statewide, Port Everglades ranks as Florida’s #1 seaport by revenue. The port is also among the top cruise ports of the world and is one of the most active containerized cargo ports in the United States.
Hollywood sees the EB-5 Regional Center Program as a fantastic chance to boost the U.S. economy and to facilitate the immigration process for foreign investors who want to enrich our country.
EB-5 Investors from Hollywood
EB5AN has EB-5 investment projects that are available to residents of Hollywood. EB-5 investors from Hollywood and the surrounding areas in Florida can inquire about EB5 investment projects that are currently open to investment and are sponsored by an EB5AN EB-5 regional center.
No matter where you come from, if you are a foreign national in Hollywood considering making an EB-5 investment, the team at EB5AN can help.
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