American Gateway Regional Centers identifies real estate projects throughout Southern California, specifically in Los Angeles, San Bernardino, Riverside and Orange counties. As a USCIS designated regional center. AGRC is responsible for administering the operations of the EB-5 Program for its Clients. This includes identifying, evaluating and selecting qualified projects for funding, monitoring job creation and ensuring compliance with EB-5 program requirements with USCIS.
For those unsure about the EB-5 program, AGRC provides information on the EB-5 process, including detailed information on the pros and cons of applying for permanent residence through EB-5 investment.
AGRC’s team of professionals and associates comprise individuals with years of experience in business law, immigration law, financial services, real estate, real estate economics, investment, personal finance, and investment management.
EB-5 Project Overview
Under the EB-5 program, foreign investors make capital contributions in the amount of either $500,000 to $1,000,000 in projects, depending on the location of the business or project. If the project is in a “Targeted Employment Area” (TEA) or in a “Rural Area” (RA) the project requirement is $500,000, while $1,000,000 is needed for projects in non-TEA/RA locations. To qualify as a TEA, the geo-political area must have an unemployment rate that is equal to or greater than 150% of the national unemployment rate (Note: TEA’s must be designated by state governors or their designees). RA’s are defined as areas not within a Metropolitan Statistical Area that have a population of fewer than 20,000 people.
After submitting the green card application, EB-5 participants begin the process of obtaining permanent lawful residence and citizenship in the United States. During the process, EB-5 investors gain conditional permanent resident status in the US for an interim period, meaning investors and their families are entitled to the same benefits as other lawful permanent residents. At the end of the interim period, AGRC assists help clients’ immigration attorneys file an I-829 petition to remove conditions on their green card, which in turn allows them to permanent resident status in the United States.