Jacob Wright

Jacob Wright joins the InvestAmerica team for the summer of 2021. Mr Wright will be working in the US investment immigration division of InvestAmerica. Previously, Mr Wright interned with a boutique asset management firm in Columbia, South Carolina. He worked closely with asset allocating and financial planning for over 300 clients.

Mr Wright grew up in Chapin, South Carolina. He has been active in recreational sports his entire life. He played football and baseball throughout all four years of high school. He is currently a student at The Citadel, the Military College of South Carolina. He will be graduating in December of 2021 with a Business Finance degree. Jacob earned rank at the Citadel which tasked him with the responsibility of training and teaching freshman cadets. He has been promoted multiple times throughout his cadet career and will be assuming a senior leadership role during his final semester in the fall.

Precious Adeleke

Precious Adeleke joins the InvestAmerica team for the summer of 2021. Ms Adeleke will be based in Nigeria, where she will assist with developing the InvestAmerica African strategy around US investment immigration. Ms Adeleke is a Penultimate-Year Student of Law at Obafemi Awolowo University, in Nigeria.

Prior to joining InvestAmerica, Ms Adeleke worked as a Business Analyst with a start-up focused on the Nigerian MSME Market, where she facilitated financing plans and go-to-market strategies. In addition, Ms Adeleke previously held an internship with Boston Consulting Group [BCG] where she assisted in conducting in-depth market research to drive investor insights. Previous to that, Ms Adeleke worked as an in-house Legal Intern at Seplat Petroleum Development Company, where she advised the company management on risk mitigation strategies and compliance matters.

Ahad Sayed

Ahad Sayed joins the InvestAmerica team for the summer of 2021. Mr. Sayed will be based in India, where he will assist with developing the InvestAmerica Indian strategy around US investment immigration. Mr. Sayed has completed a bachelor’s degree in accounting and finance from Mumbai University. Mr. Sayed’s previous experience primarily focused on the tourism, operations, and telecommunications spaces in India. Mr. Sayed held a variety of roles in the aforementioned sectors including sales and back-end operations at Accenture.

Pascal Paasch

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All EB-5 investors must invest in a new commercial enterprise, which is a commercial enterprise:

• Established after Nov. 29, 1990, or
• Established on or before Nov. 29, 1990, that is:
  1. Purchased and the existing business is restructured or reorganized in such a way that a new commercial enterprise results, or
  2. Expanded through the investment so that a 40-percent increase in the net worth or number of employees occurs

Commercial enterprise means any for-profit activity formed for the ongoing conduct of lawful business including, but not limited to:

• A sole proprietorship
• Partnership (whether limited or general)
• Holding company
• Joint venture
• Corporation
• Business trust or other entity, which may be publicly or privately owned

This definition includes a commercial enterprise consisting of a holding company and its wholly owned subsidiaries, provided that each such subsidiary is engaged in a for-profit activity formed for the ongoing conduct of a lawful business.

Note: This definition does not include noncommercial activity such as owning and operating a personal residence.

Job Creation Requirements

• Create or preserve at least 10 full-time jobs for qualifying U.S. workers within two years (or under certain circumstances, within a reasonable time after the two-year period) of the immigrant investor’s admission to the United States as a Conditional Permanent Resident.
• Create or preserve either direct or indirect jobs:
  • Direct jobs are actual identifiable jobs for qualified employees located within the commercial enterprise into which the EB-5 investor has directly invested his or her capital.
  • Indirect jobs are those jobs shown to have been created collaterally or as a result of capital invested in a commercial enterprise affiliated with a regional center by an EB-5 investor. A foreign investor may only use the indirect job calculation if affiliated with a regional center.

Note: Investors may only be credited with preserving jobs in a troubled business.

A troubled business is an enterprise that has been in existence for at least two years and has incurred a net loss during the 12- or 24-month period prior to the priority date on the immigrant investor’s Form I-526. The loss for this period must be at least 20 percent of the troubled business’ net worth prior to the loss. For purposes of determining whether the troubled business has been in existence for two years, successors in interest to the troubled business will be deemed to have been in existence for the same period of time as the business they succeeded.

A qualified employee is a U.S. citizen, permanent resident or other immigrant authorized to work in the United States. The individual may be a conditional resident, an asylee, a refugee, or a person residing in the United States under suspension of deportation. This definition does not include the immigrant investor; his or her spouse, sons, or daughters; or any foreign national in any nonimmigrant status (such as an H-1B visa holder) or who is not authorized to work in the United States.

Full-time employment means employment of a qualifying employee by the new commercial enterprise in a position that requires a minimum of 35 working hours per week. In the case of the Immigrant Investor Pilot Program, “full-time employment” also means employment of a qualifying employee in a position that has been created indirectly from investments associated with the Pilot Program.

A job-sharing arrangement whereby two or more qualifying employees share a full-time position will count as full-time employment provided the hourly requirement per week is met. This definition does not include combinations of part-time positions or full-time equivalents even if, when combined, the positions meet the hourly requirement per week. The position must be permanent, full-time and constant. The two qualified employees sharing the job must be permanent and share the associated benefits normally related to any permanent, full-time position, including payment of both workman’s compensation and unemployment premiums for the position by the employer.

Capital Investment Requirements

Capital means cash, equipment, inventory, other tangible property, cash equivalents and indebtedness secured by assets owned by the alien entrepreneur, provided that the alien entrepreneur is personally and primarily liable and that the assets of the new commercial enterprise upon which the petition is based are not used to secure any of the indebtedness. All capital shall be valued at fair-market value in United States dollars. Assets acquired, directly or indirectly, by unlawful means (such as criminal activities) shall not be considered capital for the purposes of section 203(b)(5) of the Act.

Note: Investment capital cannot be borrowed.

Required minimum investments are:

• General. The minimum qualifying investment in the United States is $1 million.
• Targeted Employment Area (High Unemployment or Rural Area). The minimum qualifying investment either within a high-unemployment area or rural area in the United States is $500,000.

A targeted employment area is an area that, at the time of investment, is a rural area or an area experiencing unemployment of at least 150 percent of the national average rate.

A rural area is any area outside a metropolitan statistical area (as designated by the Office of Management and Budget) or outside the boundary of any city or town having a population of 20,000 or more according to the decennial census.

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