[Q] What are the first things I have to ascertain when pursuing a direct, individual EB-5 case?
[Q] What are some of things I have to ascertain or find out when I want to establish or purchase a business and pursue a direct, individual EB-5 case?
The first thing you have to determine or ascertain is whether the U.S. business qualifies as a TEA area. This is sometimes not an easy thing to do but is important, because if it's a TEA, then only $500,000 USD investment need to be made. However, this might sound good in theory, but in practice, $500,000 USD investment may not be sufficient to start or purchase a business and also create 10 new, full-time jobs that will not lose money for you.
Here is a general checklist:
1. Does the business qualify as a new commercial enterprise?
2. Does the business qualify as a TEA?
3. Can the business create 10 new, full-time jobs, not including myself and my family?
4. Will my fund qualify as lawful source?