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INVESTMENT
Overview
Qualifying investment opportunities offered by the Pennsylvania Regional Center will be recommended and monitored by Pennsylvania's Department of Community and Economic Development. Target projects include manufacturing companies, professional firms, restaurants, hospitals and universities, and major real estate developments, among others. Investments will be made through separate limited partnerships. Each immigrant investor who seeks an EB5 investor visa through the Pennsylvania Regional Center will join a limited partnership. Limited partners will be actively involved in policy-making activities of their investment partnership to the extent permitted by the Revised Uniform Limited Partnership Act of 1976. The General Partner of each limited partnership will be CanAm PA, G.P., LLC or an affiliate.
An investment will be in the amount of $539,000, representing the minimum $500,000 capital required by the Program and an issue expense fee of $39,000. Please note that legal fees related to services provided by an immigration attorney are strictly between the investor and his or her attorney and not included in this fee.
The USCIS requires that some financial risk be inherent to an investment and that third party investment guarantees not be allowed. As a result, we cannot guarantee the investment return. However, subject to these requirements, we do make all best efforts to minimize the amount of risk by ensuring that the investment is properly collateralized and that the partnership is in strong financial standing. The Pennsylvania Regional Center pools multiple investors together in one project, which means the project itself will be larger and financially more stable than one investor's funds alone.
Subscription Procedures
Procedurally, interested investors will receive comprehensive offering materials that will describe in detail the US immigrant investor program, the Pennsylvania Regional Center and one or more proposed qualifying investments recommended by DCED and the General Partner. Investors who approve of a particular qualifying investment will be required to execute a subscription agreement to a designated Pennsylvania Regional Center limited partnership and to deposit a capital investment in the amount of $539,000 with the escrow agent for the Fund.
Priority will be given to qualifying investors as determined by the General Partner in the order that their respective capital investments are received. Capital investments will be returned in the event of over-subscription. Qualifying investors currently in the US on a non-immigrant visa need to be accredited investor. An accredited investor is a term defined by various security laws that describes investors permitted to invest in certain types of higher risk investments, limited partnerships, hedge funds and angel investor networks.
In the U.S. an individual is considered to be an accredited investor if he or she has a net worth of at least $1 million US dollars (excluding the primary residence) or has made at least $200,000 US dollars each year for the last two years ($300,000 with spouse, if married) and has the expectation to make the same amount in the current year. Investment amounts will be released to the designated limited partnership upon the approval on an investor's immigration application and to the investor in the event an investor's immigration application is denied.
