Get your EB-5 Visa Through SkyRise Miami

Get your Eb-5 Visa Through SkyRise Miami

 

US Congress in 1990 created the EB-5 in order to stimulate the U.S. economy through job creation and capital investment by foreign investors. The EB-5 program grants permanent U.S. residency to investors and immediate family members who contribute at least $500,000 to $1 million in a U.S. business venture creating at least 10 domestic jobs through such investment. Here in Miami there are several opportunities to invest and eventually be on your way to become a US citizen. 

SkyRise Miami is one of the projects seeking foreign investors. Developer Jeffrey Berkowitz wants to raise $270 million for his SkyRise Miami tower from foreign investors seeking permanent residency in the United States. In two weeks, Berkowitz will depart for China to seek out financiers for the project, a 1,000-foot high steel and glass structure that Berkowitz has dubbed Miami’s version of the Eiffel Tower. Once completed, SkyRise Miami will be the largest observation tower in the U.S. “We’re recruiting 540 investors through the EB-5 visa federal immigration program,” Berkowitz told The Real Deal. “So far, we are making good progress.” 

The program has become so popular in recent years that U.S. immigration officials warned two pro-EB-5 visa organizations that the federal government could run out of the 10,000 special visas allotted for fiscal year 2015 by mid-summer. The U.S. Immigration and Citizens Services has approved Skyrise Miami as an EB-5 project, even though it has not recruited any foreign investors, because it is projected to create 4,000 to 6,000 direct and indirect jobs, according to Shai Zamanian, an attorney who co-founded Step America, a Dubai-based company that is searching for SkyRise investors in the Middle East. 

Investors who participate in the EB-5 program usually fund traditional income producing properties such as retail shopping centers. In addition to getting a green card, investors aim to recoup their money from revenues derived from SkyRise Miami’s restaurant, night club, ballroom, and two amusement rides, Berkowitz said. “  * The Real Deal

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