Crimson EB-5 Program
An option of EB-5 Immigration Visa program to enhance your family's education plan
What is EB-5 Program?
EB-5 Visa Program Overview
The Employment-Based (EB) Fifth (5) Preference Visas Program - EB-5 Program - is an immigrant investor program that was established in 1990 by the U.S. Citizenship & Immigration Services (USCIS) for the purpose of facilitating economic growth and job creation through foreign investment.
A foreign national has the opportunity to obtain lawful permanent resident status in the United States by making a qualified investment through a minimum of $500,000 - $1,000,000 in a commercial enterprise.
Each unit of EB-5 investment must create at least ten new direct or indirect full-time jobs for U.S. workers for a period of two years. Once the job creation requirement is met, investors may obtain a permanent Green Card for permanent residency.
Permanent residency is also extended to spouses and any unmarried children under 21 years of age.
Our EB-5 Expertise
Crimson International Group (CIG) has joined partnership with Rancho Developers Corporation and Gold Financial, to bring EB-5 opportunity to foreign nationals – particularly to Korean nationals – who are qualified to make an investment towards a permanent Green Card for permanent residency in the United States.
Gold Financial specializes in EB-5 program financing in cooperation with Crimson International Group. Crimson employs EB-5 Visa attorneys to sponsor immigration-linked investment funds that provide to real estate developers; Crimson also provides funds to expanding businesses, such as Rancho Developers, with capital from foreign investors seeking a visa under the U.S. EB-5 Visas Program.
Gold Financial, under the leadership of Dean Mitchell, will provide sound lending program in support of the EB-5 Visa Program, as well as provide each investor with financial protection and security, and ultimately success in safeguarding the investment, along with the objective of permanent residency status.
Crimson Investigation and Services, a sub-division of CIG, is a licensed private investigation company in the United States. CIG utilizes the full access of its Crimson Investigation sub-division to conduct Due Diligence investigations and background checks on all those involved in the process to assure the safety of investment funds and investment projects.
CIG monitors investment funds and projects to make sure that assets are managed with the highest standards and all players are held at the highest standards and compliance with the U.S. Immigration and U.S. Customs Securities Laws. CIG guarantees in this manner of service.
EB-5 Leadership & Expertise in Financial Structuring
Crimson International staff has substantial experience in finance and expert lending, and along with our EB-5 attorneys and the established partnership with a construction company - Rancho Developers - we have an effective and efficient EB-5 service program in place.
Crimson has established a successful EB-5 program financing with an emphasis on real estate developments.
Frequently Asked Questions
What does EB-5 mean?
EB-5 is the more common term used to refer to a United States Visa program that was established by U.S. Congress. The full title of the program is Employment-Based Immigration Fifth Preference Visas Program.
What is the EB-5 Program?
The EB-5 Program is a win-win program for both the U.S. and foreign nationals. It is an immigrant investor program that was created by the U.S. Congress in 1990. It was established by the U.S. Citizenship & Immigration Services (USCIS), which is a Division of the U.S. Department of Homeland Security. The primary purpose of the EB-5 Program is to promote the immigration of people who can help create jobs for U.S. workers through their investment of capital into the U.S. economy. In return and when certain conditions are met, these foreign nationals receive a permanent visa for themselves and their eligible family members.
What qualifies a business or project for EB-5 investment capital?
The business or project must be new, restructuring or expanding.
The investment must create or preserve at least 10 full-time jobs that are either direct or indirect (if the investment is in a Regional Center) for qualifying U.S. workers.
The minimum investment per investor is $1,000,000 USD or $500,000 USD if the investment is located in a Targeted Employment Area (TEA).
Investment dollars cannot be borrowed.
Note: San Diego, California, where Crimson EB-5 Program participates and expects to invest, is not a Target Employment Area. As such , the minimum investment must be $1,000,000 USD (non-targeted area has significantly less risk on the investment)
When is a conditional visa granted?
A conditional visa is granted once background checks are completed and Form I-485 is approved. This takes place after Form I-526 is adjudicated, which occurs approximately 16 months after the EB-5 investment is made.
When does a foreign national’s status change from ‘conditional’ to ‘unconditional’ Lawful Permanent Resident (LPR) of the United States?
Once further conditions are met, which typically takes two years, an immigrant investor‘s status is changed to ‘unconditional’ and they become a Lawful Permanent Resident’ (LPR).
Which of the investor’s family members are eligible for the benefit of permanent residency?
The investor’s spouse and any unmarried children under the age of 21 are eligible. All family members are subject to the same conditional and unconditional resident status process. Once unconditional Lawful Permanent Resident (LPR) status is granted, children may remain in the U.S. without their parents to attend college or university.
What is the best resource to learn about the specific U.S. laws and regulations regarding the EB-5 Program?
The United States Citizenship and Immigration Service (USCIS) website at extensive information on the EB-5 program, including how to obtain permanent resident status through investment.