Is EB5 my best bet?

[Nick]

I have decided that I would ideally like to relocate my family to the US having returned myself about 10 years ago.

My ideal route is to buy into an existing business in Florida and the total investment is likely to be $1,000,000 including business loans although close to half in capital as I understand that this is required for an EB5. This would give me 50% ownership of the business and allow significant growth for the business, certainly adding 10 staff over a couple of years. Does this qualify as I cannot find any clarity on a share of a business, only complete ownership?

Clearly I do not want to wait too long once the decision is made to try and relocate. Is a quicker route to go E2 and then apply for EB5 once there?

Also, I assume that the EB5 is a longer process for application that an E2?

Many thanks in advance,

Nick

[peter gold]

Nick
I have posted many times on here that the EB5 leads to a green card aftre two years but is A CONDITIONAL green card at first and the whole program is up for review in 2008
I have yet to hear of anyone who has got passed the two year stage and turned the prov card to a full one. Not to say it will not happen when they reach the time just tha as yet it is not proved
I am also concerned at certain areas they are making you invest in Idaho farms, Vermont ski mountains, and Seattle none of which I would invest in
PM me where you are looking at and I can comment in more detail.
I am worried about the potenial for scams here.

[wantedtobe]

I am with Peter Gold on this. Looked into it ourselves and our lawyer did some research plus financial advice which alerted us to the pitfalls. Two questions to ask, will you obtain the green card? If not will I be able to get my money back? After advice we thought the answer to both questions was NO. Please folks, be cautious:)