Russia EB-5 Investment Visa
Because the investment required by the EB-5 program is sizable, it is important that EB-5 investors understand all components of the EB-5 process. Choosing the right EB-5 project is particularly important if the EB-5 investor is to be successful. Buda Law Group has close personal networks with several regional centers throughout Southern California. Even though EB-5 investors can form their own new commercial enterprises, approximately 90 to 95 percent of all EB-5 visa applicants invest in a regional center project.
EB-5 investors must direct their required capital investment to a specific EB-5 project. EB-5 investments ($500,000 if in a low income area) must be made in an EB-5 project that is considered to be a new commercial enterprise and that will lead to the creation of 10 fulltime jobs for U.S. workers. New commercial enterprises are defined as lawful, for profit businesses that were created after November 29, 1990. Older enterprises may qualify if the EB-5 investment leads to significant business restructuring or increases the number of employees or net worth of an existing business by 40 percent. The enterprises can be structured in any number of ways, such as a sole proprietorship, limited or general partnership, corporation, business trust, or as other publicly or privately owned business structures.
EB-5 projects assume many different business models and operate within many different industries. Types of EB-5 projects include but are not limited to:
- Retail stores
- Sports stadiums
- Agricultural developments, including wineries and farms
- Electric vehicles
- Biotech and medical technologies
- Entertainment venues
- Convention centers
- Office buildings
Choosing which project one wants to invest in, whether it be through direct investment or with a regional center, can be a daunting decision involving many considerations which will be the topic of the next blog. The following is a chart detailing EB-5 visa statistics and origin countries from FY2014.
It’s visible that Russia EB-5 yielded 100 visa approvals, a total that makes up less than 1 percent of the available EB-5 visas with the USCIS. The possible reasons for these low numbers of Russian investment in comparison to the vastly more significant Chinese is theorized in a previous blog which can be found in Buda Law Group’s article archive or search function.
The team here at Buda Law Group has Russian speaking attorneys and paralegals, which can assist you with every question you may encounter. Thus far, Buda Law Group has a 100% success rate with Russian EB-5 applications, but would really like to see that number listed in the above chart grow and eventually become a contender with Chinese investors. Please contact the following Russian Hotline number that Buda Law Group offers specifically for its potential Russian clients:
For all other immigration needs, which the team here at Buda Law Group would be more than happy to assist you with, please see below.
John B. Buda, Esq.
1201 W. Huntington Dr. Suite 209
Arcadia, CA 91007