Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group (www.pdccapitalgroup.com), announced the acquisition of ZGlobal Southern California EB-5 Investment Regional Center (http://zglobalregionalcenter.com).
The EB-5 visa is a federal program launched in 1990 that allows foreign nationals to apply for permanent residency in the U.S. in exchange for investing $1 million in a U.S. business. Each investment is required to generate at least 10 jobs.
ZGlobal has been designated by the United States Citizenship and Immigration Services (USCIS) to provide investment opportunities to foreign investors interested in participating in the EB-5 Investor Visa Program and obtaining green cards.
One advantage to designation as a regional center is that a regional center can claim indirect job creation resulting from investment projects. The ability to claim the creation of indirect jobs allows the applicant to more easily meet the EB-5 program job creation requirements.
PDC Capital Group is a private equity firm that specializes in real estate development projects funded through EB-5 visa investments.
"We are very excited about our partnership with ZGlobal Regional Center," said Emilio N. Francisco, Chief Executive Officer of PDC Capital Group. "Working through the center will give us a broader platform to connect with investors interested in our EB-5 projects."
Source - Send2Press