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EB-5 News Archive for the ‘Newsletter and Press Releases’ Category
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).
Joe Sloboda, Vice President of Exclusive Visas, to speak on Foreign Investors’ Profiles during the IIUSA’s 2nd Annual EB-5 International Investment and Economic Development Forum in Laguna Hills, CA.
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
Exclusive Visas Congratulates RCI First Pathway Partners on their Ongoing Developments
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.