{"id":1556,"date":"2016-06-06T12:30:53","date_gmt":"2016-06-06T20:30:53","guid":{"rendered":"http:\/\/blog.huddlestontaxcpas.com\/?p=1556"},"modified":"2016-06-06T12:30:53","modified_gmt":"2016-06-06T20:30:53","slug":"washington-state-plays-leading-role-in-the-recruitment-of-eb-5-investors","status":"publish","type":"post","link":"https:\/\/huddlestontaxcpas.com\/blog\/washington-state-plays-leading-role-in-the-recruitment-of-eb-5-investors\/","title":{"rendered":"Washington State Plays Leading Role in the Recruitment of EB-5 Investors"},"content":{"rendered":"

EB-5 Investors<\/strong><\/p>\n

\"EB-5<\/a>
EB-5 Investors<\/figcaption><\/figure>\n

EB-5 investors are foreign investors who have chosen to take part in the EB-5 visa program<\/a>. The EB-5 visa was initially created as part of the Immigration Act of 1990. The EB-5 visa program created an incentive for foreign nationals to invest money in the United States: after investing a significant quantity of money (minimum of $500,000), the foreign investor would receive conditional permanent residency status. The goals of the EB-5 program were to stimulate economic development and promote domestic job creation.<\/p>\n

Since 1990 there have been numerous changes to the program. These changes were made so as to encourage more EB-5 applicants and promote more investment in the U.S. economy.<\/p>\n

Washington State and EB-5 Investment<\/strong><\/p>\n

Since its inception, a number of areas within the U.S. have benefitted disproportionately from the EB-5 visa program. The state of Washington plays a major role in attracting EB-5 investors. In point of fact, Seattle-based firms have recruited more than 10% of the total number of EB-5 investors who have been approved for green cards. When put in perspective, this figure is truly spectacular.<\/p>\n

Foreign investors have funded many significant projects in the Seattle area and have played a major role in promoting the general health of the Seattle economy<\/a>.<\/p>\n

Tax Implications<\/strong><\/p>\n

Because of their unique situation, EB-5 investors have a particular set of tax issues which they need to address. Once they obtain conditional permanent residency, EB-5 investors are subject to federal income tax on their worldwide income; they are liable for other types of taxes as well, such as estate, gift and capital gains taxes. Given their relatively complicated tax situation, it is always important for EB-5 investors to seek out a qualified tax professional so that they can develop an optimal tax strategy.<\/p>\n

Huddleston Tax CPAs has a history of assisting EB-5 investors and is conversant with their particular concerns and needs.<\/p>\n

Image credit: Lending Memo<\/a><\/p>\n

Check out this video to learn more<\/u><\/p>\n