EB-5 Investors from Ottawa, Ontario Looking into EB-5 Investments
Many perks come along with investing in an EB-5 project sponsored by the EB5 Affiliate Network (EB5AN). EB-5 investors from Ottawa, Ontario interested in taking this route should continue reading to find out more.
EB5 Affiliate Network can provide support through every step of the EB-5 investment process for EB5 investors from Ontario. This includes selecting the best project for an EB-5 investment.
Find Out More by Attending an Event or Setting Up a Meeting
EB-5 investors from Ottawa can select a time to talk with a knowledgeable consultant from EB5AN. EB5AN also puts on events throughout the year in various localities, including Canada. Register for one of these events to learn more about the EB-5 investment process and how EB5AN can be of assistance.
How Can Green Cards Provide Advantages for Investors?
EB-5 investors from Ottawa, Ontario gain significant privileges by attaining Green Cards, such as those listed below:
The Opportunity for Residency and Citizenship
- One of the simplest ways to achieve U.S. residency status is the EB-5 visa program. EB-5 investors have the opportunity to obtain Green Cards for themselves as well as spouses and children under 21.
- During their retirement, EB-5 investors who have Green Cards will be permitted to use pension funds from Canada as well as the United States. Medicare and other government programs may also be available to retired Green Card holders.
- Once they have completed 5 years of U.S. residency, EB-5 investors with Green Cards can apply for U.S. citizenship.
Employment in the United States
- Green Cards give investors and their families the option to live and find employment in any U.S. region they choose.
- There are many options to choose from, whether you prefer to live oceanside in Maryland or New Jersey or in the wilderness of Alaska or Washington. With a Green Card, investors will also have their pick of small towns or big cities.
- Some states, like Texas and Florida, also don’t have any state income taxes.
- No one in the EB-5 program needs an employment sponsor or a visa sponsor.
- Additionally, anyone with a Green Card is not required to have an H-1B work visa to look for employment in the United States.
- A Green Card is an investor’s ticket to leave and enter the United States whenever they see fit, though a few travel restrictions apply.
- Green Cards allow residents to travel and experience every part of the United States and settle down wherever they like.
- If an undesirable event takes place in a Green Card holder’s home country, they will be able to enter the United States quickly.
- Once they have Green Cards, EB-5 investors will be able to enroll their children in free public school in the United States from elementary to high school. Investors with Green Cards also have the option to pay reduced, in-state tuition prices for public colleges and universities where they live.
- U.S. residency gives students up to a 350% greater chance of admission to U.S. universities.
- Green Card holders can pay in-state tuition prices for higher education. They also become eligible for assistance to pay for college, such as financial aid and scholarships.
- Permanent residents can work at jobs and internships while studying. They can also apply for jobs after completing a degree without having to change their status.
What Steps Must Be Taken for EB-5 Investments?
EB-5 investments are required to meet the below conditions:
- The minimum amount an EB-5 investor must provide for a project in a targeted employment area (TEA) is $800,000. Projects not in low-income or rural TEAs call for a minimum of $1,050,000. Fortunately for EB5 investors who work with EB5AN, all of the Network’s EB-5 investment projects are in TEAs. This qualifies their investors for the lower $800,000 benchmark.
- An EB-5 investment is required to result in the creation of at least 10 jobs for workers authorized to work in the United States. Each job position must be full-time and exist for two years.
- EB-5 investments must result in the development of a commercial enterprise that did not exist previously. In some cases, EB-5 investments can be put toward a struggling existing business if certain conditions are met.
- EB-5 investors have to show evidence that they earned or were gifted their investment capital legally and that it stayed at risk while invested.
How to Select an Investment Project with the Highest Chance of Efficacy
People from Ottawa considering becoming EB-5 investors should vet all potential projects through the lenses of both financial and immigration risk.
It is required that an EB-5 funds stay at risk for the whole investment period. This way, it is ensured that a true investment is made and funds aren’t simply traded for Green Cards.
EB-5 investors should be aware that this does not mean they need to invest in a project that could be called “risky.” In fact, the opposite is true. EB-5 investor should always be sure to thoroughly evaluate projects to protect themselves from excessive financial and immigration risk.
EB5AN and Klasko Immigration Law Partners have created an EB-5 Project Risk Assessment Tool to help investors in this process. This tool features questions that touch on a number of factors EB-5 investors should consider when determining whether a project is suitable for EB-5 investment. The Risk Assessment Tool provides guidance that will help investors figure out how to minimize both immigration and financial risk.
Why Are Regional Center Projects Advantageous for EB5 Investors?
EB-5 regional centers sponsor EB-5 investment projects. Investors who choose projects associated with regional centers will be able to enjoy a more efficient application process. The main reason for this is that special rules apply to regional centers when it comes to figuring out how many jobs were created by an EB-5 investment. Regional centers are allowed to count indirect jobs in this figure. This means that an economic study can determine how many jobs resulted from an EB5 investment. Regional centers can use this indirect method for 90% of jobs created by an investment. On the investor’s side, this means that for a large portion of jobs created by their investment, they will have to prove only that the regional center used the investment according to plans, rather than providing proof of 10 W-2 employees.
Regional centers managed by EB-5 Affiliate Network exist throughout the United States, allowing the Network to quickly and easily sponsor projects with high potential for investors from Ottawa, Ontario.
EB5AN Contact Details for EB-5 Investors from Ottawa
To find out which EB-5 regional center projects are currently open to receive investments, EB-5 investors in Ottawa, Ontario can contact EB5 Affiliate Network. The Network’s employees will be happy to answer any questions from potential EB-5 investors from Ottawa. Prospective investors can contact the Network by phone at 1-800-288-9138 or by email at info@EB5AN.com.
Facts About Ottawa, Ontario
Demographics in Ottawa
Ottawa is the fourth-largest city in Canada, with a population of 1,017,229 in 2021. Ottawa’s population is the most educated compared to that of every other city in Canada. Ottawa is the biggest city in Canada where both English and French are official languages. While many residents are bilingual, 62.4% of those living in Ottawa have English as a first language, compared to 14.2% who have French as a first language. Other languages spoken in Ottawa include Arabic, Chinese, Spanish, and Italian.
Economy in Ottawa
The federal government provides the most jobs for people in Ottawa, which is the political center of Canada. Multiple federal departments have headquarters in Ottawa. Other industries that contribute significantly to the economy are tourism, healthcare, and technology. Several influential technology companies were founded in Ottawa. Ottawa has a median household income higher than that of the average in Canada. Ottawa also has the biggest rural economy of any major city in Canada.
Climate and Geography in Ottawa
Ottawa’s climate is humid continental. People living in Ottawa experience four seasons with warm summers and cold winters. Ottawa sits on the Ottawa River’s south bank in southern Ontario on the border of Quebec.