EB-5 for Hotel Executives and Entrepreneurs
The EB-5 investment must create a minimum of 10 new jobs per investor. The trick is to know what qualifies as a ‘new’ job.
The following investments will quality for EB-5 investment:
- A building (for example an apartment complex or condo) is purchased and converted to a hotel.
- A hotel is acquired, and then closes for a substantial renovation. New jobs are then created in the process.
- Purchasing a hotel that closed prior to the purchase date, where the purchaser plans to re-open and/or renovate the property would also qualify.
- Lastly, an investor may also purchase a hotel that is “troubled” ( a Troubled Business). The hotel must have been in existence for at least 2 years and incurred a net loss in the past 12-24 months. If the jobs that were almost lost become saved, (through purchase of the business), this may be counted towards the job creation requirement.
The process for obtaining an EB-5 is complex and should not be attempted without a qualified immigration lawyer.
E-2 for Hotel Executives and Entrepreneurs
The E-2 investments may be in any lawful business that will generate a substantial income. The E-2 is not limited to a type of business, but rather by the amount of income it generates.
The company must be majority owned and controlled by the investor.
The E-2 is beneficial to many who wish to conduct business in the U.S. It is not limited to just the owners of companies, but may be used by their managers and specialized knowledge workers. The process for obtaining an E-2 is complex and should not be attempted without a qualified immigration lawyer.