Glossary of EB5 Visa Terms
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Glossary of EB5 Visa Terms – Pay attention to Financial Terms

A typical EB5 Investor would run into most of the terms listed below if not all as part of the EB5 project due diligence process.

  1. The Regional Center – An EB-5 regional center is an economic unit, public or private, in the United States that is involved with promoting economic growth. USCIS designates regional centers for participation in the Immigrant Investor Program.
  2. The EB-5 Immigrant Investor (or Accredited Investor) – A person who is investing the money on a Project for the propose of receiving U.S. Green Card via EB5 Immigrant Investor Program.

As you are going through these terms, spend time to learn and understand these terms, especially the Financial Terms.

For common man, we have to google to know these terms. But, in the grand scheme of things, as Investors, you are looking to achieve the following:

  • Invest
  • Get Green Card
  • Remove Conditions
  • Get the Investment back

So, work with a competent attorney and qualified advisor who can help you cut through the complex noise, have given their point of view about the pros and cons of each project.

EB5 Professionals:

  1. Immigration Attorney
  2. Economists
  3. Business plan writers
  4. Securities Attorneys
  5. Regional Center Founders
  6. EB5 Accountants
  7. Due Diligence Specialist
  8. EB5 Agents (Broker-Dealers)
  9. Tax Attorneys

Documents from theEB5  Project:

  1. Project’s Business Plan
  2. Economic Impact Report
  3. Regional Center Designation letter (I-924 approval) issued by USCIS
  4. Private Placement Memorandum (PPM)
  5. Financials Forecast and Results
  6. Project Marketing Brochures

Immigration and USCIS

  1. EB5 – Employment-Based Fifth Category
  2. California Service Center
  3. Vermont Service Center
  4. Biometrics
  5. I-526 – Immigrant Petition by Alien Entrepreneur
  6. I-485 – Application to Register Permanent Residence or to Adjust Status
  7. Medical Exam
  8. Consular Processing
  9. Department of State
  10. Conditional Permanent Residency
  11. I-829 – Petition by Entrepreneur to Remove Conditions on Permanent Resident Status
  12. Green Card
  13. Non-Immigrant Visas – H1B Visa, F1, etc
  14. I-924 Application for Regional Center Designation
  15. NVC – National Visa Center
  16. Premium Processing
  17. TEA – Targeted Employment Area
  18. Source of Funds
  19. Retrogression

Financial Terms

  1. Profit and Loss (P&L)
  2. Planned Investment
  3. Capitalized Cost
  4. Capital Structure of the Project
  5. Loan
  6. Equity
  7.  Senior Loans
  8. Bridge Financing
  9. First Mortgage
  10. Second Mortgage
  11. ReFinance
  12. Sale of Property
  13. Repayment
  14. Interest Rates
  15. Equity
  16. EB5 Financing
  17. Investment Capital
  18. Source of Capital

EB5 Visa Project

  1. New Commercial Enterprise (“NCE”) – the entity formed by the Regional Center that serves as the investment vehicle into which an immigrant contributes his required equity capital.
  2. Job-Creating Entity (“JCE”) – the entity that owns the project that will create the jobs, which also ultimately receives the EB-5 proceeds as a debt or equity investment from the NCE
  3. The Project Developer – Self-Explanatory
  4. Managerial Role
  5. Amount of Investment
  6. Employment Creation
  7. Economic Model

Explanations for these terms would be added later.

EB5 Visa Series


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