EB-5 - Direct Investment - 10 US workers - Location

E

erpssrini

New Member
Hi,

I am planning to start a software business in EB-5 visa category. I am planning to choose a TEA area so that the investment is limited to $500000. My question is regarding the 10 US workers the business need to employ with in two years period. My business being software development, the employees may not be physically living in the TEA area. They may work remotely from anywhere in the US. Of course they will be US citizen or green card holders. is this counted as eligible employees or should the employees be living with in the TEA area. Any expert opinion welcome and thanks

Srini
 
To the best of my knowledge, the jobs need to be created in the "Targeted" employment area or the area with high unemployment. That is essentially the purpose of the reduced investment requirement. Otherwise, a lot of smart alecks would already be incorporating in SD or Wyoming and operating in LAX or NYC.
 
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