The United States EB-5 visa created by the Immigration Act of 1990, provides a person, spouse and unmarried children below 21 years to become lawful permanent residents (green card holder) by investing $500,000 (refundable with interest after 5years) in the United States that will create at least 10 jobs in a targeted employment area (TEA). Applicants can choose to invest through regional centers that are approved by the U. S. Citizenship and Immigration Services (USCIS) which is part of the Department of Homeland Security.
Pacific Casino and Entertainment Group (PCEG) is a USCIS approved regional center for the EB-5 Visa program. The company is headquartered in Las Vegas and has local representation in India.
Circa Fremont Resort Project is a great fit for the EB5-Visa program.
|Circa Fremont Project||Other Projects|
|Security||Circa Fremont has committed to include security on the EB-5 project and also an additional security on the revenue of their other 2 operating enterprises (The Golden Gate Hotel & Casino and The D Las Vegas).||Many projects will give security on only their ongoing EB-5 related project which may not be enough to cover the EB-5 debt.|
|Exemplar Approved Project||Circa Fremont has received Exemplar Approval,the highest level of approval by USCIS.||Many other Regional Center (RC) projects do not have Exemplar Approval designation, and still need to get USCIS approval for their projects.|
|Job Creation tied to construction only||Jobs are created during construction only and not tied to operations. This helps reduce risk.||Many EB-5 projects may have the EB-5 investment tied to the operational success of the project. This could be a larger risk.|
|Minimum 10 Jobs per investor||Circa Fremont will create 48 to 50 Jobs per investor. Significant number of jobs have already been created.||Many projects don’t have such a high job cushion which can put the 10 jobs per investor requirement at risk.|
|Project Equity||Ownership generates approximately $130-140 Million USD annually from their other businesses, which creates cash flow that can be used to pay back EB-5 investors.||Some projects’ repayment is dependent on whether the project gets completed and is successful.|
|Broker Dealer||PCEG has retained a broker dealer in order to provide the project and the investors an added layer of financial oversight protection. This is best practices in the industry.||Many RC’s don’t hire broker-dealers. It isn’t required and is an added expense that many RC’s choose not to incur.|
|Targeted Employment Area (TEA)||The Circa Fremont project is within a Target Employment Area (TEA) and uses only 2 census tracts to get TEA designation.||Projects in large downtown areas sometimes join as many as 20 to 30+ census tracts to get TEA designation. This is riskier as they may lose their TEA designation if new TEA rules are enacted.|
|Rate of Return||Circa Fremont features annual rates of return that are on the high end of EB-5 projects.||Many of the other RC’s offer lower rates of return.|