INVEST IN HALALYWOOD
The EB-5 Immigrant Investor Program
The Company has been formed pursuant to the laws of California in connection with investments to be made by the Company. The EB-5 Program grants lawful permanent resident status in the United States to foreign investors who invest in an entity formed for the purpose of making a qualifying investment (“Qualifying Investment”) under the provisions of 8 U.S.C.§ 1153 (b)(5)(A)(i)-(iii), (C) (as amended, the “Act”). To take advantage of the EB-5 Program, qualified
investor funds must be used to make a Qualified Investment and he or she must complete the required immigration procedures.
An investor must invest at least $900,000 if the project is located in a targeted employment area (“TEA”), which is
defined by the USCIS as a “rural area” or an area which has experienced unemployment of at least 150 percent of the national average rate. Otherwise, an investment must be at least $1,800,000.
General Investor Eligibility
The capital investment requirement for any EB-5 investor, inside or outside of a Regional Center, is $1 million.
The capital investment requirement for an EB-5 investor in a TEA is $900,000. Since the data shows that the Project is located in a TEA, the minimum investment amount for investment in the Company is $900,000, as of the date of this Memorandum.
EB-5 Approval
To seek status as an immigrant investor, applicants must file USCIS Form I-526, Immigrant Petition by Alien Entrepreneur. The Form I-526 Petition must be filed with supporting documentation that clearly demonstrates that
the individual’s investment meets all EB-5 requirements, such as:
• investing the requisite capital amount;
• proving the investment comes from a lawful source of funds;
• creating the requisite number of jobs; and
• where applicable, demonstrating investment within a TEA.
Once USCIS approves the Form I-526 Petition, an immigrant investor may obtain status as a conditional resident by
(a) filing Form I-485, Application to Register Permanent Residence or Adjust Status, if already residing within the United States in a lawful non-immigrant status, or
(b) if the investor is outside of the United States, obtaining a conditional immigrant visa through a U.S. embassy or consulate and entering the United States, (collectively, the “Visa Process”).
To become a lawful permanent resident, eligible investors must file a Form I-829, Petition by Entrepreneur to Remove Conditions. The I-829 Petition must be filed within ninety (90) days before the second (2nd ) anniversary of an alien investor’s becoming a conditional permanent resident.
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To learn more about how you can invest in Halalywood Productions, LLC and obtain a green card via the EB-5
immigrant investor program, contact EB-5 legal counsel of Halalywood Productions at 800-608-5709.
Visit us at www.cornerstonelawservices.com.