EB-5 investors from Virginia Beach, Virginia, seeking an EB-5 investment should consider the benefits of investing in an EB5 Affiliate Network (EB5AN) EB-5 visa project.
The EB5 Affiliate Network (EB5AN) regional center in Virginia has complete geographic coverage of the city of Virginia Beach, including Point O’Woods and Towne Square.
The EB5AN State of Virginia Regional Center
Potential EB-5 investors may select EB5 investments located anywhere in the United States. Those living in Virginia Beach, however, may simply want to invest in projects located within the state, and EB5AN already has a USCIS-approved regional center that covers Virginia Beach.
Our EB5AN Commonwealth of Virginia EB-5 regional center covers all of the Resort City. Through our EB5AN Commonwealth of Virginia EB-5 regional center, qualified foreign investors who seek permanent resident status in the United States can invest in a USCIS-approved EB-5 regional center with geographic coverage of Virginia Beach, including the surrounding areas of Poquoson, East Beach, and Great Neck.
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.
EB5 Affiliate Network maintains multiple USCIS-approved regional centers with broad geographic coverage, enabling it to immediately sponsor strong EB-5 projects in cities across the United States, including Virginia Beach, Virginia.
Green Card Benefits for Virginia Beach EB-5 Investors
The direct benefits for a Virginia Beach based EB-5 investor of making an EB-5 investment 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 Florida 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 $900,000 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 $1,800,000, but all of EB5AN’s EB-5 investment projects are located in TEAs and qualify for the lower investment threshold of $900,000.
- 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.
EB-5 Investment in Virginia Beach
Virginia Beach: Population and Income Demographics
The city of Virginia Beach covers an area of 497.0 square miles, with a population of 452,602 and a population density of 1,850 people per square mile. It is the 617th-most densely populated city in the United States.
Given Virginia Beach’s large population, investing with an EB-5 project through the USCIS-approved EB5AN regional center would create measurable benefits in your community. One of such benefits would be the creation of full-time jobs, thereby reducing the number of unemployed people in Virginia Beach.
The Culture and Economy of Virginia Beach, Virginia
Virginia Beach is an attractive destination for visitors, university students, and investors. Well-known landmarks, such as the Virginia Aquarium & Marine Science Center, attract tourists to the city, and ECPI University and Regent University draw students from across the United States and around the world. In addition, Virginia Beach has endorsed the EB-5 Regional Center Program as a great opportunity for the U.S. economy and for foreign investors looking to immigrate to the United States.
How to Evaluate EB-5 Investment Projects
EB-5 investors based in Virginia Beach and the surrounding areas in Virginia 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.
Next Steps for EB-5 Investors from Virginia Beach
EB5AN has EB-5 investment projects that are available to residents of Virginia Beach, Virginia. EB-5 investors from Virginia Beach and the surrounding areas in Virginia can inquire about EB5 investment projects that are currently open to investment and are sponsored by an EB5AN EB-5 regional center.
No matter where you come from, if you are a foreign national in Virginia Beach considering making an EB-5 investment, the team at EB5 Affiliate Network can help. Call us at 1-800-288-9138, or send us an e-mail at info@EB5AN.com.