A veteran of the financial industry, Kevin Fitzgerald served as chief executive officer of U.S. Advisors. Developing his skills in property investment while at U.S. Advisors, Kevin Fitzgerald now leverages his expertise to guide clients in the EB-5 immigrant visa process as CEO of Global Capital Advisors.
Managed by the United States Customs and Immigration Services (USCIS), a division of the Department of Homeland Security, EB-5 immigrant visas are distributed to 10,000 qualified individuals annually. Of the quantity, 30 percent are reserved for foreign investors who allocate funds in a Targeted Employment Area (TEA). Regions with unemployment rates of 150 percent of the nation’s average or are considered rural fall within the category of TEA.
In an effort to boost the American economy, eligible candidates must invest in a new business enterprise. Forming a new company or purchasing an existing one that has undergone restructuring or reorganization meets the requirement. In addition, expansion of a new business and pooling are acceptable. The former requires an investor to grow employment by 40 percent. At minimum, the standard is 10 jobs.
Pooling allows multiple EB-5 visa holders to invest in the same enterprise. The minimum number of jobs created remains at 10 for each investor; however, the aggregate is divided evenly among the number of investors.