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EB-5 News Archive for the ‘Newsletter and Press Releases’ Category






By Renata Castro

One of the highlights of the IIUSA 2nd Annual EB-5 International Investment & Economic Development Forum held in Laguna Hills, CA this past weekend was the quarterly EB-5 Stakeholders Meeting hosted by USCIS (United States Citizenship and Immigration Services).  The meeting discussed, among other EB-5 related topics, data related to amount of applications for I-526 (Immigrant Petition by Alien Entrepreneur) and I-829 (Petition by Entrepreneur to Remove Conditions), between fiscal years 2005 and 2012 (2nd quarter).

China is, without a shadow of a doubt, the leader in EB-5 petitions with USCIS. The Chinese market is one of the most organized and mature EB-5 Markets in the world. That has led to a flood of projects being offered in China to Chinese investors. Vietnam and Taiwan were second and third, subsequently, on the top 5 list. To the audience’s surprise, Iran came in 4th, and Venezuela, 5th, rounding up the top 5 countries for EB-5 petitions.

 Attorney Robert Ortiz, of Cuevas, Ortiz and Cubas, P.A., in attendance of the event, was not surprised with Venezuela being placed in the top five. 

When asked about the sudden spike in demand from Venezuelans seeking US residency under the EB-5 program, Attorney Ortiz responded: “Presidential elections will be held in Venezuela and the people of Venezuela do not know what is going to happen, especially with President Chavez’ current health condition.”

Attorney Ortiz also mentioned most of his Venezuelan clients seek US Residency due to the instability in the country. “The main issue is Security.  Most of my clients do not want their children to be raised in the current environment of Venezuela.  Most of my clients do not feel secure in Venezuela and are afraid that something might happen to them or their family”, says Attorney Ortiz.

For a link to the data, click here.



EB-5 as a funding alternative for US businesses

May 7, 2012 @ 2:25 pm
Posted by Exclusive Visas

By Renata Castro

Exclusive Visas will start offering Webinars to businesses looking to attract foreign capital, in an effort to better assist businesses across the US which are looking to learn more about EB-5 and its benefits.

“We felt we’d be furthering the objective of the EB-5 program, which is to promote economic growth and the creation of jobs in the US, by demystifying the process of getting foreign funds through EB-5”, said Joe Sloboda, MBA, one of the managing partners of Exclusive Visas.

The curriculum was designed to take business owners, project managers, finance professionals, and entrepreneurs from the basics of what EB-5 is to the different implications of receiving EB-5 funds such as compliance, legal structure and marketing the investment opportunity to the foreign investors.

Exclusive Visas has been involved in the creation of EB-5 private offerings and direct EB-5 funding opportunities in various industries across the country.  Exclusive Visas’ team of attorneys, economists, finance professionals and project managers possess the combined set of skills and knowledge needed to educate business owners in order to help them seize the opportunity to benefit from this flexible, yet unknown, funding alternative for US businesses.

To learn more about Webinar dates and schedule, click here.



Renata Castro is interviewed for Globo Notícias América

April 25, 2012 @ 4:30 pm
Posted by Exclusive Visas

On April 20, 2012, Renata Castro was interviewed by Mila Burns for the Newscast  Globo Noticias America.

Globo Notícias América is a newscast in Portuguese broadcast by Globo International, geared towards Brazilians residing in the US.

Renata Castro spoke about the different requirements of EB-5 petitions, and the ways it affects Brazilians looking at EB-5 as a way to become US residents.

The EB-5 Visa Program is an employment-based visa which is intended to promote the flow of assets into the U.S. economy and at the same time to promote the creation of jobs in the United States for legal U.S. residents. To achieve these goals and so that overseas investors may obtain immigration benefits for having made an investment, the program mandates that the minimum investment a foreign investors must contribute is either USD$1,000,000 for a regular EB-5 Investment Visa or USD$500,000 for an EB-5 Regional Center program.

In addition the program mandates that 10 full-time jobs must be created as a result of each investment.  The Investor is entitled to a return on their investment and is eligible to sell their interest in the venture after a period of 5 years.  Additionally, foreign investors and their qualifying family members are offered the prospect (not guarantee) of Lawful Permanent Residence in the United States.

Projects being considered for investment are designed to qualify under requirements in the law that permit reduced investment and that also permit creation of indirect jobs for U.S. Citizens.  This approval is not granted to the respective EB-5 project unless the project can prove that they fit within the designated Regional Center guidelines that are established by the United States Citizens and Immigration Service (USCIS).

WESTON, FL. – Joe Sloboda, Vice President of Project Development for Exclusive Visas, will be one of the panelists at IIUSA’s 2nd Annual EB-5 International Investment & Economic Development Forum in Laguna Hills, California. Sloboda will be speaking on “Investor Profiles: Observations from Abroad”, alongside David Enterline, Immigration attorney with Taipei Commercial Law Firm in Taiwan; John Jiang, Managing Director of MICON International, LLC and Taher Kameli, President of Chicagoland Foreign Investment Group. The conference will take place between April 29 through May 1 2012.

Mr. Sloboda, alongside the other panelists, will be sharing with the audience their impressions of foreign investors’ expectations, misconceptions and beliefs when it comes to EB-5 investments.

Market characteristics of already established EB-5 markets such as Taiwan, China and Vietnam will be explored, as well as challenges and successful strategies previously implemented in emerging markets such as Latin America, and the Middle East.

Timeline expectation for projects in reference to investor recruitment and time to market for projects seeking foreign funds will also be explored

 

MILWAUKEE, WISCONSIN – The RCI FirstPathway Partners has made great headway on their Marriott EB-5 project in Milwaukee, Wisconsin. Once construction comes to completion, the Marriott Hotel will be a ten story, 4–star, full service hotel located in downtown Milwaukee. The Hotel will have amenities such as a fully equipped fitness center, a swimming pool, concierge service, and business center and will feature a high-end restaurant and lobby bar. Construction on the Marriott Hotel began in November 2011 and is projected to be completed in 2013.

This stimulating project offered 74 spots for foreign investors applying for the EB-5 Investor Green Card. With this investment that EB-5 Project will create jobs, enhance the neighborhood and help many deserving family’s make their American dream come true. This RCI FirstPathway Partners EB-5 Project has already received twenty I-526 approvals and the number of approvals will continue to increase in the upcoming months. As of now, this project is almost fully funded with only a few spaces remaining in the offering. However, there is a new EB-5 project in the works also under RCI FirstPathway Partners.

RCI FirstPathway Partner’s new EB-5 Project is offering foreign investor the opportunity to invest in a Hampton Inn and Suites, a sensible 100 room hotel in a prime location. The hotel de­velopment will consist of standard hotel rooms and expanded suites. Future guests will enjoy a small indoor pool and spa, restaurant, lounge, exercise room, business center, and an 8,000 square foot banquet/conference center. The 3 to 4 story, wood framed structure, is expected to be ready for occupancy in July of 2013

Our experienced team of EB-5 consultants at Exclusive Visas assisted several EB-5 applicants who have invested in RCI FirstPathway Partner’s Marriott Hotel project. We believe that the EB-5 Project will continue to advance at a steady pace and Exclusive Visas congratulates RCI FirstPathway Partners on their current success.

To find out more about the EB-5 Program and the services that Exclusive Visas offers be sure to contact Fred Burgess or Joe Sloboda today and find out how we assist our clients with gathering information on a EB-5 Regional Center and the      EB-5 Projects that are offered by that regional center.