EB-5 investors from Delaware seeking an EB-5 investment should consider the benefits of investing in an EB5AN EB-5 visa project.
Why Do Most EB-5 Investors Use Regional Centers?
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 maintains multiple USCIS-approved regional centers with broad geographic coverage, enabling it to immediately sponsor strong EB-5 projects across the United States, including Delaware.
The EB5AN State of Delaware Regional Center
Potential EB-5 investors may select EB-5 investments located anywhere in the United States. Those living in Delaware, however, may simply want to invest in projects located within the state, and EB5AN already has a USCIS-approved regional center in Delaware.
The EB5AN D.C. and Carolinas Regional Center, LLC is expected to receive USCIS approval in 2023, at which time it will be licensed to sponsor EB-5 investment projects throughout all 3 counties in the state of Delaware, including the largest cities in the state.
Home to 70,926 people, Wilmington is Delaware’s most populated city. It is one of the major cities in the Delaware Valley metropolitan area, the nation’s 7th-largest metro area and the world’s 35th-largest metro area. Moreover, Wilmington has established itself as a national center for finance and insurance and is home to more than 60 regional, statewide, and national banks.
Delaware’s capital, Dover, is the state’s second-largest city with a population of 39,403. It serves as a center of government, commerce, and industry for Central Delaware, as well as being a growing tourism hotspot. Dover is also home to the Dover Air Force Base, which has a significant economic impact on the city. The base operates the largest aerial port facility on the East Coast and serves as a focal point for military cargo movement to Europe and the Middle East.
With a population of 30,601, Newark is Delaware’s third-largest city. It is notable for being home to the University of Delaware (UD), the largest university in the state. Furthermore, Newark’s economy is primarily driven by the following industries: educational services; retail trade; accommodation and food services; manufacturing; food processing; and automobile assembly.
Green Card Benefits for Delaware EB-5 Investors
The direct benefits of making an EB-5 investment in Delaware include the following:
Residency and Citizenship Benefits
- EB-5 is one of the fastest methods to gain permanent residency in the United States for the EB-5 investor, his or her 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 a minimum of five years of established permanent residency in the United States.
- 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 New York City.
- Live in states such as Delaware and 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.
- Green Card holders can leave and enter the country 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 his or her family can immediately gain entry to the United States.
- 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.
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 rural or high unemployment areas designated as targeted employment areas (TEAs). Projects outside of TEAs require an investment of $1,050,000, but 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 investment funds that have been lawfully sourced.
How to Evaluate EB-5 Investment Projects
EB-5 investors based in Delaware should 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 is to ensure investors actually invest their capital 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.
EB5AN, in collaboration with Klasko Immigration Law Partners, 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.
More Information about Delaware
Delaware: Population and Income Demographics
According to the U.S. Census, Delaware has a population of 1,003,384. Of this, approximately 488,236 people are in the labor force, with 461,096 employed and 27,140 unemployed.
Delaware: General Economic Outlook
Delaware covers an area of 2,489 square miles, with an approximate width of 30 miles and a length of 96 miles. This implies a population density of 500 people per square mile, which makes Delaware one of the more densely populated states in the United States.
The capital of Delaware is Dover, the largest city is Wilmington, and the largest metro area is the Delaware Valley, an expansive urban region that touches four states. Delaware’s 2021 gross domestic product (GDP) was $64.34 billion. This implies a per capita GDP of $80,446.
Delaware’s economy primarily centers around the following industries: finance and insurance; real estate, rental, and leasing; manufacturing; and healthcare. The manufacturing sector is heavily focused on chemical manufacturing, with Wilmongton widely regarded as the chemical capital of the world. This is due to the city being the administrative and research center of several chemical companies, such as Dupont, Hercules, and AstraZeneca. Tourism also plays a vital role in Delaware’s economy, accounting for billions of dollars in economic impact and millions in tax revenue.
EB-5 Investors from Delaware
EB5AN has EB-5 investment projects that are available to residents of the state of Delaware. EB-5 investors from Delaware can inquire about EB-5 investment projects that are currently open to investment and are sponsored by an EB5AN EB-5 regional center.
No matter where you live in Delaware, if you are a foreign national considering making an EB-5 investment, the team at EB5AN can help. Click here to schedule a call to learn more about currently available EB-5 investment opportunities.