Legitimate EB-5 property investment opportunities abroad can help you secure citizenship for you and your family. We take a closer look at the success story that is American Dream’s EB-5 Programme for 1818 Park in South Florida and what investors need to know before committing to an EB-5 Investor Visa.
Immigration investor programmes may sound foreign to many of us. Even those with the financial acumen and means to invest can be perplexed by the plethora of information we’re bombarded with online and quit. However, crucial socio-political changes in South Africa at present suggest that if you can secure an American green card, now is the time.
Essentially what you are looking for as an investor in this regard is a TEA.
Targeted Employment Area investments in property refer to investments in certain areas designated by the United States government and these are typically rural or inner-city neighbourhoods.
These investments are commonly part of the EB-5 Immigrant Investor Programme, which offers foreign investors the opportunity to gain permanent United States residency by making investments in job-creating businesses located in TEAs.
It’s true there are numerous requirements involved.
These include investing in a minimum of about $800 000; creating at least 10 full-time jobs for US workers within two years of the initial investment; obtaining pre-approval from the U.S. Citizenship and Immigration Services (USCIS); maintaining your investment for a minimum of five years and once you have met these requirements, submission of your application to the USCIS and with evidence of your investment in 1818 Park in Miami.
The good news is you don’t need to do any of this by yourself.
CLEAR THE CLUTTER
The first and most important thing to do if you’re a serious investor is to get assistance from an agency.
American Dream is the leading EB-5 service provider in South Africa and maintains a 100% project approval rate with the USCIS on I-526 and I-829 petitions. Founder and CEO, Stuart Ferguson, recently announced the introduction of payment instalments plans to allow prospective South Africans the opportunity to obtain their EB-5 visa. We encourage all prospective investors to get in touch with us to find out more about this new initiative.
American Dream has the network and experience to help you emigrate with ease.
When it comes to the investment itself, it needs to be solid and you need to see that legal processes have been adhered to.
American Dream recently received I956F approval for 1818 Park in South Florida, Miami. Under new EB-5 regulations, the I956F form is used to request approval of each particular investment offering through an associated new commercial enterprise.
The I956F approval is crucial as it indicates the quality of projects the company invests in. The US govt approval shows that American Dream is doing due diligence for compliance with the EB-5 Programme requirements.
Stuart Ferguson turns the spotlight on 1818 Park, “Meeting the demand for luxury apartments in the downtown Florida area, 1818 Park is a 19-story, mixed-use development.
“It consists of 166 residential units and 9,793 square feet of retail and office space. It’s perfectly positioned to capitalise on everything South Florida has to offer.”
He said, “Florida is incredibly popular with South Africans due to its similar climate and existing community of South Africans. This project is nearing its conclusion and we have had a great response. We have limited slots available. Investors interested in reserving one of the final remaining EB-5 investor slots are encouraged to contact us as soon as possible.”
1818 Park in South Florida is near the Miami International Airport and is home to several businesses and industrial buildings. The developers, include 13th Floor Investments, Property Markets Group, and Greystone Development. You can invest in 1818 Park through American Dream’s EB-5 Investor Programme.