Potential EB-5 investors from Arizona looking to make an EB-5 investment should look into the benefits of investing in a project offered by EB5 Affiliate Network (EB5AN).
Making an EB-5 Investment from Arizona
EB-5 investors from Arizona can inquire about EB-5 investment projects that are currently open to investment and are sponsored by an EB5AN EB-5 regional center.
EB-5 investors from the cities in Arizona found below and others can reach out to learn about how the EB-5 investment process works:
If you are a foreign national in Arizona that is researching making an EB-5 investment may find the EB5 Affiliate Network team to be the ideal fit. Schedule a call in order to find out more about what EB-5 investment opportunities are currently being offered.
What is Arizona’s General Economic Outlook?
Arizona covers 113,990 square miles and has a width of roughly 310 miles and a length of 400 miles. This gives Arizona a population density of 57 people per square mile, which makes Arizona the 33rd-most densely populated state in the United States.
Arizona’s capital and largest city is Phoenix, and the largest metro area is the Phoenix metropolitan area. The state’s gross domestic product (GDP) in 2010 was $254 billion which makes it the 21st-largest economy in the United States by GDP.
Arizona’s economy has historically relied on the “five Cs”: copper, cotton, cattle, citrus, and climate (tourism). Today, copper remains a major part of Arizona’s economy and accounts for two thirds of the nation’s output.
Arizona: Population and Income Demographics
According to the U.S. Census, Arizona has a population of approximately 5 million people over the age of 16. Of this, approximately 3 million people are in the labor force, with 2.7 million employed and 0.3 million unemployed.
Why Do Most EB-5 Investors Use Regional Centers?
EB-5 regional centers make the EB-5 investment process go easier for potential EB-5 applicants and have reduced job creation requirements. Regional centers are allowed to include jobs that were indirectly created in their total job creation.
EB5AN has several USCIS-approved regional centers. EB5AN’s network of coverage allows it to sponsor strong EB-5 projects from around the United States, including Arizona.
The EB5AN State of Arizona Regional Center
Those living in Arizona, however, may choose to invest in projects located within the state, even though they can make their EB-5 investment in projects located anywhere in the state. Thankfully, EB5AN already has a USCIS-approved regional center in Arizona.
The EB5 Affiliate Network State of Arizona Regional Center covers all counties in the state of Arizona, including the largest cities in the state.
Phoenix welcomes tourists to its beautiful sites like the Desert Botanical Garden and Papago Park every year as well as many students who attend Arizona State University’s Downtown Phoenix campus or Grand Canyon University. Meanwhile, Tucson has acclaimed landmarks like the Sonora Desert Museum and the world-renowned University of Arizona. The Mesa Arts Center and Arizona Museum of Natural History also attract many tourists to Mesa, while Arizona State University Polytechnic offers educational opportunities for US and international students.
Green Card Benefits for Arizona EB-5 Investors
The many benefits of making an EB-5 investment in Arizona include the following:
Various Residency and Citizenship Benefits
- The EB-5 visa is a quick way to achieve permanent residency in the U.S. for an investor, the investor’s spouse, and any unmarried children who are under 21 years of age.
- Any retired green card holders can make use of their pensions and qualify for social welfare programs like Medicare.
- Green card holders can also apply for U.S. citizenship after five years of U.S. permanent residency.
- Green card holders can access public elementary, middle, and high schools at no cost and qualify for in-state tuition at many colleges and universities.
- U.S. residency also increases the chance of admission to U.S. universities by as much as 350%. Once at university, green card holders can qualify for scholarships, in-state tuition, and financial aid.
- Green card holders can also compete for internships and jobs without visa or work restrictions.
- Green card holders are free to live and work without restriction in the U.S.
- Green card holders also do not require an H-1B work visa to work
- Green card holders can travel to, from and within the U.S., although some travel restrictions apply to international travel.
Primary EB-5 Investment Requirements
The EB-5 investment requirements are as follows:
- Investing at least $900,000 in a project located in rural or high unemployment areas designated as targeted employment areas (TEAs). Projects located outside of TEAs require an investment of $1,800,000, although all EB5AN’s EB-5 investment projects are located in TEAs and qualify for the lower investment threshold of $900,000.
- The investment must create or preserve 10 full-time jobs for U.S. workers that last at least two years.
- Keeping the investment “at-risk”
- Using lawfully sourced funds for investment
How Investors Should Evaluate EB-5 Investment Projects
EB-5 investors should consider financial and immigration risks when researching EB-5 investment projects.
A successful EB-5 investment must have the investment capital at risk for the investment’s duration. This is so that investors are not simply “buying” a U.S. green card. However, EB-5 investors are encouraged to conduct thorough due diligence before making an investment.
EB5AN, working with Klasko Immigration Law Partners, has produced an EB-5 Project Risk Assessment Tool. This easy-to-use tool guides EB-5 investors through the initial diligence for EB-5 projects.