EB-5 Visa Helps Canadian Investors Thrive in Growing U.S. Economy
Irena Juras, top U.S. immigration lawyer, sees uptick in number of Canadians investing in the Southwest.
Phoenix, AZ (August 25, 2014) – Taking advantage of a burgeoning marketplace and a flourishing economy, especially in energy-rich states, many Canadian investors are choosing to take advantage of the EB-5 Visa program.
Foreigners with at least $500,000 [NOW $900,000] capital wishing to pursue permanent residency in the United States may apply for an EB-5 Visa. The program, created by Congress, is a way to create more jobs and stimulate the economy. This program requires that foreigners invest at least $500,000 and create 10 full time jobs for U.S. employees within two years. The standard investment for an EB-5 visa is $1,000,000 [NOW $1.8 MILLION] or $500,000 [NOW $800,000] if the candidates invest in rural areas or targeted employment areas. When investing in commercial real estate, such as an apartment building, which doesn’t create at least 10 jobs, the investor has the option of obtaining an E-2 Visa.
“The affordable real estate market in the southwest combined with a lack of red tape to start a new corporation has really boosted the number of Canadians investing in the U.S.,” explained Irena Juras of the Juras Law Firm.
Demand among foreign investors is increasing, though there is a limit of 10,000 visas issued per year including spouses and dependents. Of the 10,000 EB-5 visas which are available annually, 3,000 of the visas are reserved for investors of Regional Centers. Regional Centers are economic units that promote job creation and investment in a specific region of the U.S.
About Juras Law Firm
Named a Top Immigration Lawyer by North Valley Magazine and Avvo, Irena Juras is a highly respected attorney throughout the U.S. and overseas. As head of Juras Law Firm, an Immigration and Bankruptcy Law Firm in Phoenix, AZ, Irena is an immigrant herself from the Czech Republic, studying and practicing law in the Czech Republic before moving to the United States. Irena is currently licensed to practice law in both Arizona and New York. The firm has represented clients from over 100 countries and 6 continents. in international transactions and immigration matters Irena has over 20 years experience in immigration law and bankruptcy law.