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EB-5: Worthwhile, But Complex

NEW YORK CITY-The program gets championed, and explained, by experts during an industry luncheon.

By Rayna Katz | Updated on September 11, 2013

NEW YORK CITY-It sounds like the name of a robot, but EB-5 is actually a largely beneficial—though technical—government program under which developers can procure project funding from foreign investors in exchange for a green card.

This was the message of a securities and tax lawyer, an immigration attorney and an investment professional—who are experts in this area—during a luncheon earlier this week in Midtown Manhattan. Sponsored by the Mortgage Bankers Association of New York, the presentation outlined how the program works, along with its benefits and drawbacks.

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