Carolina States Regional Center is a private company approved by the U.S. Citizenship and Immigration Services (USCIS) to develop, finance and manage investment projects under the EB-5 program. While creating jobs and boosting local economic development through all types of projects, CSRC also facilitates investors to obtain permanent residency, increase return of investment and lower risk of investment.
What is a regional center?
To encourage immigration through the EB-5 program, Congress created a separate EB-5 category that sets aside 3,000 green cards each year for regional centers.
Regional centers are entities, either public or private, approved by the US Citizenship and Immigration Services to seek and accept foreign entrepreneurs under the program to promote economic growth, improving regional productivity and increased capital investment to create jobs in the designated boundaries of the regional center.
Courtesy of Charlotte Chamber of Commerce
What is EB-5?
Congress created the fifth employment-based preference (EB-5) immigrant visa category in 1990 for qualified foreigners seeking to invest in a business that will benefit the U.S. economy and create or save at least 10 full-time jobs. There are two distinct parts to the EB-5 program.
For the first two years of the process, the immigrant investor is granted a conditional visa. If, after two years the investor has created the requisite jobs and maintained the investment, the conditions are removed and the visa is made permanent. The required amount to invest varies depending on the area; Normally an investment of $1 million is required. If however the investment is made in a rural or high unemployment area, an investment of only $500,000 is required. Of the approximately 10,000 EB-5 green cards available each year, 3,000 are reserved for foreign nationals who invest through a Regional Center.