Question:
What are the conditions of a co-investment and a joint-venture? 1. Can 2 individuals co-invest with 1 million USD each in a project? Will the project need twice the employee hired?? 2. Would a joint-venture with a U.S. corporation be allowed? Many thanks in advance.
Answers:
Then maybe two foreign national investors committing their personal funds into one direct EB-5 PROJECT. If the project is located in a target employment area then each investor may only have to invest US$500,000 of there personal funds. However, each investor will have to show their personal funds invested led to the creation of 10 full-time jobs by U.S. citizens or U.S. residents.
Approvable I-526 Petitions will have each investor making investments of USD $1 million into a qualifying EB-5 project (or $500,00 if the project is located in a Targeted Employment Area). Furthermore, each investment must, itself, create 10 full time jobs (direct if a “direct” EB-5 investment, but indirect and induced jobs can be counted if the project is associated with a Regional Center). Therefore, if each individual can invest $500,000 and create 20 or more jobs (providing this project is in a TEA), then you have an approvable structure. The new commercial enterprise and/or job creating entity could be associated with an existing US company in a number of ways.