New Law Extends EB-5 Regional Center Program Until 2015

On September 13, 2012, the US Congress passed a law to extend the EB-5 Regional Center program. See http://thomas.loc.gov/cgi-bin/bdquery/z?d112:s.3245: Under this law, foreign investors are able to obtain permanent resident status in the US under the EB-5 program by investing at least $500,000 and creating at least 10 jobs. While it is possible to obtain permanent residence through an individual investment, more than 80% of EB-5 permanent residence visas are approved for investors who participate in an EB-5 Regional Center. There are several advantages of the EB-5 Regional Center program: pre-approval of the investment model by the US Department of Homeland Security, faster processing time, and the ability to count indirectly created jobs in the 10 jobs per investor requirement.  The EB-5 Regional Center program has existed for more than 20 years and has been renewed by Congress in 3 year increments. The current renewal is valid to October 2015.

James C Wolf of Lipman & Wolf has helped create many EB-5 Regional Centers and successfully led many investors through the permanent residence process. Mr Wolf is a partner in Lipman & Wolf, LLP, a full service immigration specialty law firm in the San Francisco Bay Area. www.visawolf.com. Mr Wolf is also a principal of Golden Pacific Ventures, Inc. an EB-5 Regional Center.  www.goldenpacificventures.com 

Through Golden Pacific Ventures, investors can obtain permanent residence through investment in land in Hawaii which produces premium coffee. www.gpfhawaii.com.

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