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Q: What is Conditional
Permanent Residence (CPR)?
A:
Conditional Permanent Residence (CPR) is valid for two years. As a CPR
individuals have all rights of US citizens (ie: employment and legal rights)
with the exception of voting in general elections. One year and nine months
after the CPR is issued, a three-month window opens up during which an
individual must file another application (Form I-829) with the CIS to verify
that all of the funds have been invested. Approval of the I-829 results in final
issuance of the Alien resident card commonly known as the ‘Green Card.’
Q: Can money gifted by a
parent or other relative be used for an EB-5 investment?
A: Yes, however a bona fide gift from a family member should be
properly documented and any applicable taxes must be paid.
Q: What if I don’t get U.S.
legal permanent residence status?
A: Your money will be paid back
to you as following amounts in the event you and your dependents don’t get your green
cards*:
Amount
|
Why
|
When
|
|
$525,000 |
I-526
Alien Entrepreneur Petition denied |
Immediately from Escrow |
|
Your
capital account ($500,000 as adjusted by undistributed
profit/loss) |
Immigrant Visa denied at consulate and the denial cannot be overcome
within 12 months |
18
months after the 12 month appeal period |
|
Your
capital account ($500,000 as adjusted by undistributed
profit/loss) |
Immigrant Visa issued but you are denied admission to U.S. and such
denial cannot be overcome with 12 months |
18
months after the 12 month appeal period |
|
Your
capital account ($500,000 as adjusted by undistributed
profit/loss) |
Adjustment of Status to Legal Permanent Resident denied and such denial
cannot be overcome within 12 months |
18
months after the 12 months appeal period |
|
Your
capital account ($500,000 as adjusted by undistributed
profit/loss) |
I-829
Petition by Entrepreneur to Remove Conditions is denied and such denial
cannot be overcome within 12 moths |
18
months after the 12 month appeal period |
* PROVIDED THAT
none of the denials set out in this provision are caused by the Immigrant
Investor being found inadmissible or deportable pursuant to any of the grounds
set out at sections 212 and 237 of the Immigration and Naturalization Act.
Q. What is the earliest I can
request the return of my $500,000 capital?
A: 120 months or 10 years after approval of your I-526 petition you may notify
us of your intention to withdraw your $500,000. We will
then repay your capital account ($500,000 adjusted by any undistributed
profits/losses).
Q: What is the rate of
return on my $500,000 investment?
A: 1% per annum if held for 10 years. Otherwise nil.
Our philosophy is to work hard to return your $500,000
capital to you as soon as legally permissible so that you can re-invest your
capital and earn competitive rates of return elsewhere.
Q: How safe in my $500,000
investment?
A: Any investment activity entails an element of risk. Your
investment will be backed by the underlying
real estate assets which will be developed and
operated as a senior’s housing facility.
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