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EB-5 News Archive for the ‘Uncategorized’ Category








16th Annual AILA New York Chapter Symposium

November 19, 2013 @ 4:42 pm
Posted by Exclusive Visas

Title: 16th Annual AILA New York Chapter Symposium
Location: New York Marriott Marquis Hotel, New York, New York, USA
Description: The afternoon program has two tracks: business and removal/family. Listen to the experts discuss and analyze the areas of business immigration such as: I-9 Compliance, NIV Options for Entrepreneurs, PERM and Non-PERM Permanent Resident Routes, and of course the all magnificent EB-5 Investor Category.
Date: 2013-12-02



Third of American Companies Founded by Immigrants

October 2, 2013 @ 2:33 pm
Posted by Exclusive Visas

Where would the U.S. economy be without Google, Intel, eBay, Facebook, Yahoo!, or LinkedIn? These hi-tech behemoths all credited with economically powering the U.S. tech sector were all were founded by immigrants who defied great odds to start their companies in the U.S. (since U.S. lacks a comprehensive immigration policy). From 2006 to 2012 immigrant founded venture-backed companies exceeded $167 million according to a recent report from the National Venture Capital Association demonstrating the huge effects immigrant entrepreneurs have on the U.S. economy.

American Made 2.0: How Immigrant Entrepreneurs Continue to Contribute to the U.S. Economy, shows that the number of immigrant-founded companies continues to increase jumping from 20 percent prior to 2006 to 33 percent today. The study also confirms that one-third of the entrepreneurs starting those companies were foreign-born. Additionally, according to the report, Immigrant-founded venture-backed companies:

  • Developed exceptional value with a total market capitalization of $900 billion;
  • Created new jobs in the U.S. and currently employ 600,000 people, in the United States;
  • Are in a wide variety of industry sectors including high-tech manufacturing, telecommunications, life sciences, finance and insurance, clean energy, and media;
  • See comprehensive immigration reform as imperative if the U.S. is to lead the world. The process for a foreign-born entrepreneur to enter and remain in the U.S. to start a business is too difficult, according to the report.

While the report sheds important light on the state of U.S. industry and how immigrant founded companies are integral to its survival, most foreign entrepreneurs interested in moving to the U.S. to peruse career and business interests are not willing to wait (perhaps years) for the U.S. government to pass new programs. For many foreign entrepreneurs and recent college graduates the EB-5 program is the fastest (and only) way to work and establish permanent residence in the U.S.

The EB-5 visa is attractive for students, entrepreneurs (and their families) because it does not require having a close relative or a U.S. company willing to sponsor the immigrant, as required by conventional immigrant visas. Under the EB-5 program the investor is issued a conditional Green Card providing Permanent Residency for themselves, their spouse and children (under the age of 21) on an investment of at least $500,000. The investment must result in the development of at least 10 permanent jobs.  

While the key features of EB-5 are easily stated the EB-5 process can be arduous and confusing. The entire process is a vast combination of timelines, deadlines, tax returns, supporting documentation, and due diligence involving, immigration attorneys, the USCIS and the SEC. It is not a world anyone should attempt to navigate without an experienced expert at their side.

An Exclusive Visas Expert EB-5 Consultant will cut through the confusion by explaining how the program works generally and specifically for the candidate. Exclusive Visas brings together all the elements of the program, manages timelines, and gives the client the broadest likelihood of success.

From petitioning the USCIS to choosing a credible project to invest in, Exclusive Visas will see to it that the investor has all the information necessary to give them piece-of-mind while making the best of the EB-5 opportunity.

Click here to contact an Exclusive Visas EB-5 consultant now



USCIS Ombudsman Releases Latest EB-5 Stakeholders’ Meeting Report

May 13, 2013 @ 8:30 am
Posted by Exclusive Visas

The USCIS Ombudsman’s Office met with Stakeholders of the EB-5 Immigrant Investor Program met on March 5, 2013. The purpose of the meeting was to address issues ranging from competitive immigration programs from other countries to problematic adjudication delays.

Ombudsman Maria Odom noted in the meeting’s report that the EB-5 program can be an engine of economic growth and spur job creation. Ms. Odom reported that:

  • As of March 5th, there were over 243 approved EB-5 Regional Centers in 40 states and two territories, compared to just 25 EB-5 Regional Centers in 2006;
  • Investor interest in the program is spreading not just in Asia, but from all corners of the globe;
  • EB-5 filings have surged year after year for the past three years; and
  • In FY 2012, over 7,400 EB-5 visas were issued.

Panelists from government and the private sector made recommendations for improving and expanding the EB-5 program:

  • The EB-5 program facing stiff competition from countries with more predictable and speedy immigrant entrepreneur programs needs stability and predictability allowing for reasonable commercial risk taking by petitioners.
  • To compete, hallmarks of the EB-5 program should be fairness, due process, increased transparency in policy formation, and predictability in adjudications.

One participant stated that the current administration of the EB-5 process is hurting “Brand USA,” and foreign investors are taking advantage of immigrant investor programs offered by other countries. Another pointed out that many individuals who obtain EB-5 visas make significant investments over time in the U.S. economy and culture; the initial investment made under the EB-5 program is just the start.

Stakeholders also expressed issues that need USCIS attention. According to the Ombudsman’s report because there is not meaningful dialogue; useful email responses; and case status tracking between petitioners, regional center representatives, and adjudicators many stakeholders (and petitioners) are in the dark with no other utility to inform them of a pending result.

Stakeholders emphasized how the program’s lack of reliable adjudication standards and accurate processing times undercuts the legal and business interests of petitioners. Since current processing times can be as long as two years and accurate information about adjudication timelines cannot be obtained, prospective investors are also discouraged by the lack of dependability. According to the report these shortcomings are causing potential EB-5 petitioners to consider similar programs in Australia and Canada because they are easier to navigate and more transparent.

Finally, stakeholders voiced concerns over the effects of moving EB-5 processing operations from the California Service Center to DC headquarters expressing concerns over the likelihood of additional costs and delays during the transition period.

For the latest information on the EB-5 program including recent and expected (future) changes contact an Exclusive Visas EB-5 expert NOW.

“The EB-5 program is not an area anyone should attempt to navigate without an experienced expert at their side,” said Joe Sloboda, Vice President of Exclusive Visas, a Weston, FL-based Immigration consultancy. “While the key features of EB-5 are easily stated the EB-5 process is dynamic and can be arduous and confusing,” said Mr. Sloboda.

An Exclusive Visas Expert EB-5 Consultant will cut through the confusion for the investor by explaining how the program works generally and specifically for the candidate and what can be expected from newly (and future) proposed reforms. Exclusive Visas brings together all the elements of the program, manages timelines, and gives the client the broadest likelihood of success.

From petitioning the USCIS to choosing a credible project to invest in, Exclusive Visas will see to it that the investor has all the information necessary to give them peace-of-mind while making the best of the EB-5 opportunity.

Don’t wait another day. Click here to contact an Exclusive Visas EB-5 consultant now.

The Association to Invest in USA (IIUSA) releases comments to USCIS on EB-5 Adjudications Memo

IIUSA has released today the comments it submitted to USCIS in response to the first draft of the EB—5 Adjudications Policy Memorandum.

Among other recommendations, IIUSA made recommendations related to key issues in the EB-5 landscape as of today, such as:

  •  Tenant-occupancy and rationale behind previous interpretation of the matter
  •  Rationale behind USCIS’s process on crediting construction jobs and/or the resulting   indirect/induced economic impact to EB-5  investors
  •  Limitation on number of Requests for Further Evidence (RFEs)
  •  Bar on foreign ownership of Regional Centers, among others.

The comments can be read in full here.

IIUSA is a national membership-based non-profit industry trade association for the EB-5 Regional Center program.



What is the Best Method to Transfer Funds from China to my EB-5 Investment?

February 20, 2013 @ 9:05 am
Posted by Exclusive Visas

According to a post on The Globalist website, if U.S. immigration policies allowed it, 97% of Chinese people would probably want to move to the United States.

While many may disagree with the actual statistic there is no doubt that the huge number of Chinese applying for U.S. visas through the EB-5 program indicates a huge demand from people in China to move to the U.S.

In fact, there is so much demand to come to the U.S., the Chinese have become the world’s largest group of EB-5 petitioners accounting for nearly 80 percent of the visa program’s volume. And while the EB-5 process can be challenging in and of itself, transferring money to a U.S. investment from China can pose its own set of challenges.

Chinese currency laws generally restrict exchanges for U.S. dollars to $50,000 per person per year, making it very difficult for Chinese investors to legally transfer sufficient funds to their EB-5 investments on their own.

The method most commonly used for Chinese investors to transfer money to their investment is using a trusted third party via an offshore bank account in Hong Kong. In this method an investor makes a payment to (a third party’s) mainland China account and the third party transfers its own Hong Kong-based funds to the investor’s account in the U.S. Investors electing this route must provide evidence of each deposit and transfer including an affidavit from the third party in order to trace of funds adequately.

Chinese investors also commonly use what has become known as the “friends and family” method for transferring their capital to a U.S. based EB-5 investment. Here an investor transfers $50,000 to each of ten friends who convert the funds to U.S. Dollars (the annual limit) and then transfer the money to the investor’s U.S. account.

The Investor must then trace every transfer from the investor to intermediaries, each transfer from the intermediaries back to the investor, and the transfer from the investor to the new commercial enterprise. Failure to trace every transfer along the way usually results in a red flag from the USCIS.

This is exactly where an EB-5 consultant’s advice (and management) can be crucial to the successful transfer of funds. The EB-5 consultant will guide the Chinese investor toward the transfer method most appropriate to their situation. Additionally, the consultant will manage the transfer and documentation of the myriad of transfers involved in getting the capital from China to its U.S. destination.

EB-5 consultants bring together all the elements of the program and the investment, and manage timelines to give the client the broadest probability of success. An Exclusive Visas Expert EB-5 Consultant can help to cut through the confusion for the investor by explaining how the program works generally and specifically for the Chinese candidate.

From petitioning the USCIS to helping to review a credible project, Exclusive Visas will see to it that the investor has all the trustworthy information necessary to give them piece-of-mind while making the best of the EB-5 opportunity.

The EB-5 visa program provides a door for Chinese investors to permanent US residency and citizenship. However, federal guidance, USCIS guidelines, and capital transfer issues can be vague and inconsistent due to the significant complexities associated with both investment and immigration. Having an experienced consultant navigating the process is a major advantage for EB-5 candidates.

Don’t wait another day. Click here to contact an Exclusive Visas EB-5 consultant now

EB-5 Investor Visas - Permanent U.S. Residency with the EB-5 Program

EB-5 consultants from Exclusive Visas assist foreign investors looking for EB-5 visa options to obtain U.S. residency. Each EB-5 consultant is experienced in EB-5 investor visa procedures.

2149 N Commerce Parkway Weston, FL
Phone: (954) 727-9800