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Posts Tagged ‘EB-5 investment’
Some EB-5 applicants cannot resist preparing their own EB-5 petitions. They research the program on the web, download the required documents from the USCIS site, prepare the application, collect the documentation, and finally submit their work to USCIS.
According to the United States Citizens & Immigration Services (USCIS) of the 4,176 applications for conditional permanent residency made in 2012, 775 were denied.
And even though USCIS does not provide reasons for application denials, according to industry insiders many denied I-526 petitions have something in common: They were prepared by the petitioner.
The EB-5 visa is widely known as one of the most complicated, and expensive U.S. visas to obtain. It’s hard to understand why an applicant would chose to prepare their own EB-5 application. They are about to make an investment of $500,000 or more, move to another country (with their family) and start a new life.
“If there was ever a time for experienced, professional help in preparing a visa application to a successful outcome, it’s when there’s $500,000 on the table and permanent U.S. residency is at stake,” Said Joe Sloboda, Vice President of Exclusive Visas, a Weston, Florida-based EB-5 consultancy.
“It is not prudent to make such a large investment of time and money, without the advice of a competent experienced professional,” according to Mr. Sloboda. Professional fees are a small price to pay to protect the petitioner’s investment and future, he said.
Because the EB-5 visa is one of the most difficult visas to file, in all likelihood an I-526 application will probably be denied if the applicant has prepared the documents and business plan, themselves. Once a case is denied, it is harder to overcome the denied reasons and get it approved. This can delay the entire immigration process.
Hiring an EB-5 consultant in the first place can actually save both time and money. “Fixing a petition typically ends up costing applicants more than if they hired professionals in the first place due to the added burden of reviewing and fixing the petition,” Mr. Sloboda added. And there are no guarantees. The original application may be so problematic that it cannot be solved thereby ruining the applicants chances of a successful petition in the future.
The EB-5 process is not a world anyone should attempt to navigate without an experienced expert at their side. 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.
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 the newly 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 piece-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.
Proposed Changes to EB-5 in Comprehensive Immigration Reform Bill Should Benefit Program
In addition to creating a pathway to citizenship for the nearly 11 million unauthorized aliens residing in the U.S. the Comprehensive Immigration Reform proposal submitted by the Gang of 8 U.S. Senators, also includes significant changes to the EB-5 Immigrant Investor Program.
Senators Graham, Rubio, Flake, Schumer, McCain, Bennet, Menendez and Durbin, have submitted in their bill changes that include: the recapture of unused immigration visas from past fiscal years; making the EB-5 Regional Center program permanent (it was originally introduced as a pilot program in 1992 and continues under that status); eliminating per country quotas for visa numbers (China is predicted to reach its quota in 2014), and issuing more EB-5 immigrant visas, which is currently capped at 10,000 visas. 
The Border Security, Economic Opportunity and Immigration Modernization Act of 2013 as it is titled proposes changes that will benefit the EB-5 Program, which in turn will increase job creation and foreign investment in America. These provisions to make the program a permanent one will improve U.S. communities and infrastructure by attracting foreign investors to the U.S., according to Senator Patrick Leahy (D), Vermont.
The chief EB-5 proposals in the bill include:
- Making the EB-5 Regional Center program permanent. Introduced in 1992 as a pilot program, its status has remained unchanged yet has been consistently reauthorized by Congress since its inception. Its latest extension is through September 30, 2015.
- Recapture of unused immigrant visa numbers from prior fiscal years.
- Elimination of per country quotas for employment based visa numbers (China, the largest consumer of EB-5 is predicted to reach its quota in fiscal year 2014).
- Exemption from EB-5 immigrant visa numbers for spouses and children of principal applicants, resulting in the allocation of the currently capped 10,000 visas solely to principal investors.
- Additional immigrant visas for the EB-5 program as a whole.
Contact Exclusive Visas to discuss how Comprehensive Immigration Reform relates to the EB-5 program and what it means to you.
For many foreigners the EB-5 program is the fastest way to work and establish permanent residence in the U.S.The EB-5 visa 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 for the investor by explaining how the program works generally and specifically for the candidate and what can be expected from the newly 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.
Immigration Attorney Anthony Korda Takes Final Step in his own EB-5 Process, Receives U.S. Citizenship
April 22, 2013 – For former British Barrister, Anthony Korda moving from England to the U.S. with his family via the EB-5 visa has been a five year journey. Mr. Korda’s EB-5 experience began as one of the first investors of the Jay Peak Ski Resort project in Vermont.
That journey concluded last Friday when Mr. Korda was sworn in, taking the oath of a U.S. Citizen. “Exclusive Visas salutes Antony Korda and congratulates him as a true EB-5 success story,” said Fred Burgess, President and co-founder of Exclusive Visas, a Weston, Florida-based EB-5 consultancy.
For Mr. Korda the EB-5 program was the answer to his vision of residing permanently in the U.S. – the same vision shared by all EB-5 petitioners. He invested $500,000 in the Vermont Ski Resort which used his investment to capitalize new infrastructure and as a result created the required 10 jobs.
Mr. Korda now permanently resides in Florida with his family where he practices immigration law and helps clients from all over the world find the best, safest American EB-5 projects to invest in. As an expert EB-5 consultant and an affiliated partner of Exclusive Visas, he has helped literally hundreds of immigrants over the past years receive their own EB-5 visas. And as an EB-5 petitioner himself Mr. Korda brings his unique perspective when addressing clients’ challenges associated with emigrating to the U.S. via the EB-5 visa.
“The EB-5 program has given us a new life and, yes, it’s given me a new business to go into,” Mr. Korda said. “And it’s an interesting one, too.”
The EB-5 visa is attractive for high net worth immigrants (willing to invest in a U.S. business) 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.
While the key features of EB-5 are easily stated the 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 for the investor 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 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.
Breaking News – Senate Hearing Scheduled On Comprehensive Immigration Reform
Senate Judiciary Committee Chairman Patrick Leahy (D-Ct) has announced his committee will take up comprehensive immigration reform on April 17, 2013. Chairman Leahy, a bold advocate for legal immigration including the EB-5 program, agreed to hold the hearing as soon as the legislation is introduced. He has promised to have unlimited debate and amendments during the committee mark-up period, a spokesperson said.
The hearing comes as the result of talks within the bipartisan eight member group referred to as the Gang of Eight. The group has been working on the soon-to-be unveiled legislation.
Members of Mr. Leahy’s eight member group say they are close to finalizing an agreement on a comprehensive proposal that is expected to include a path to citizenship for 11 million illegal immigrants and could serve as the model for a deal between Congress and the White House.
Several weeks of debate during which senators could offer amendments are planned to begin in early May. “We don’t have that many issues” remaining to be negotiated, said Sen. John McCain (R-Ariz.), a member of the working group. “Now is the time to get it done.”
For more information please contact Exclusive Visas.