Posts Tagged ‘EB-5 investors’
By Renata Castro
The United States Citizenship and Immigration Services, also known as USCIS, has released updated processing times for all EB-5 related petitions – including forms I-526 Immigrant Petition by Alien Entrepreneur, I-829 Petition by Entrepreneur to Remove Conditions and I-924 Application for Regional Center Under the Immigrant Investor Pilot Program.
Recently, EB-5 investors experienced long waiting periods from the time an I-526 petition was filed until it was approved. With the new processing times released by USCIS, the wait period has been greatly reduced, and at this time, USCIS is processing petitions as follows:
By Fred Burgess
You can either engage in a direct investment in a commercial enterprise or invest in a USCIS approved regional center. The direct EB-5 option does require the investor to be directly responsible for running the company and creating 10 new direct jobs.
The Regional Center option (where you invest in a project of an approved industry in the Regional Center) does not typically require investor involvement in daily management as long as you are part of a partnership and hold a policy making position as a member of the board.
The majority of EB-5 investors choose the Regional Center option since no direct involvement is required, the regional center project takes responsibility for creating the 10 required jobs, and the investor may live anywhere in the U.S. they would like.
There are several successful Regional Centers with excellent approval track records that should be considered by applicants. Begin your search at Exclusive Visas.
From petitioning the USCIS to choosing a credible project to invest in, an Exclusive Visas Expert EB-5 Consultant will provide you with the trustworthy information necessary to give you peace-of-mind while making the best of your EB-5 opportunity.
Click here to contact an Exclusive Visas Eb-5 consultant now
United States Citizenship and Immigration (USCIS) recently announced the rollout of its new verification tool requiring visa petitioners (including those in the EB-5 category) to submit biometric data – fingerprints and photographs – when appearing at an appointment at a USCIS domestic field office.
Fingerprints and photographs of Visa applicants will now be required through the Customer Identity Verification (CIV) system when appearing at USCIS offices. The tool will be phased in between September 9 and October 21, 2013.
The purpose of the new system is to enhance the integrity of the US immigration system and combat identity fraud through biometric technology, according to a USCIS release. After clearing security at the entrance of a USCIS field office, petitioners must submit to the CIV system which electronically scans two fingerprints and takes their picture to verify their identity. After USCIS verifies a petitioners’ identity, they are allowed to attend their interviews or receive their documents. In addition to making the field offices more secure it is believed the new measure will actually save time as well.
Current rules already require applicants and petitioners to provide biometric data along with a government issued documentation. This data is used by USCIS to help determine the eligibility of the applicants. This process will not change. CIV’s purpose is to utilize biometric information for security purposes and has nothing to do with the biometric data submitted for consideration of a USCIS issued visa.
According to Fred Burgess, President of Exclusive Visas, a Florida-based EB -5 consultancy, “any measure to increase security in our field offices is welcomed. And who can argue with a measure designed to increase safety and save both the USCIS and the petitioner time.”
Saving the client time is but one goal of an EB-5 consultant. Federal guidance and USCIS guidelines 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.
An Exclusive Visas EB-5 consultant will cut through the confusion for the investor by assisting the investor in distinguishing EB-5 projects likely to achieve their goals from the run of the mill. Additionally, EB-5 consultants bring together all the elements of the program and investment and manage timelines to give the client the broadest probability of success.
Click Here to discuss the new system with an Exclusive Visas EB-5 Expert
USCIS approved another 24 new regional centers in August bringing the Total regional center approvals for 2013 to 136 (for a total of 364 RCs). “EB-5 funding continues to grow in popularity as a result of the program’s growing credibility. That’s good for EB-5 petitioners who are given more and better choices as a result. But all those choices also underscore the importance of reliable and trustworthy guidance throughout the complexities of the EB-5 process,” said Fred Burgess, President of Exclusive Visas, a South-Florida based EB-5 consultancy.
The new centers are located in Alabama, California, Connecticut, Florida, Georgia, Indiana, Kentucky, Maine, Massachusetts, Michigan, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, and Virginia.
Alabama, Kentucky, Mississippi, Tennessee, Virginia
- CP Southern Regional Center
- 68 America Regional Center, LLC
- FutureCare Regional Center of Southern California, Inc.
- HT Asset Holding Inc.
- San Francisco EB-5 Regional Center, LLC
- American Pacific Hotels Regional Center
- Faustus Capital LLC
Connecticut, New Jersey, New York, Pennsylvania
- New York Metropolitan Regional Center
- US EB5 New York City Regional Center
- U.S. Business Regional Center Inc.
- South Florida EB-5 Regional Center, LLC
- BLMP Florida Healthcare Regional Center, LLC
- Greystone Florida Regional Center LLC
- Southern Film Regional Center, LLC
- Civitas Indiana Regional Center
Maine, Massachusetts, New Hampshire
- United States Investors Regional Center
- Resource Regional Center Michigan,
- Encore Mississippi Regional Center
North Carolina, South Carolina
- Carolina Global Regional Corporation
- North Carolina – East Coast RC
- Chen Roberts Regional Center
- Reside in America Puerto Rico, LLC
- Medical Investment in Texas Regional Center
- Dominion Mid-Atlantic Associates, Inc.
The complete list of Regional Centers is available at the USCIS site.
Contact Exclusive Visas for EB-5 Regional Center Information Today
An Exclusive Visas expert EB-5 consultant will supply the investor with trustworthy information on the EB-5 program and its Regional Centers. Exclusive Visas handles all issues associted with the program and brings together all its elements giving 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
Weston, FL—August 14, 2013— Florida Restaurant Franchise Group (FRFG), which develops and operates successful franchised restaurant concepts in Florida, has named Joe Sloboda as its new president. Sloboda has stepped down as vice president of Exclusive Visas, a Weston-based consulting firm that specializes in EB-5 investment visas, to manage the growth of the national restaurant brands that FRFG is developing through the EB-5 program. The EB-5 Visa program is a federal program that allows foreign investors to obtain their Green Cards by investing $500,000 in a new business that creates jobs for U.S. citizens and permanent residents.
FRFG will continue to utilize the services of Exclusive Visas to market its global EB-5 fundraising efforts for its restaurants —including VooDoo BBQ & Grill and Twin Peaks Restaurants. The company has financed the development of eight VooDoo BBQ restaurant locations in South Florida with EB-5 funding in the last 18 months.
“Joe understands the complexities of the EB-5 program better than anyone in the business,” said Jack Flechner, CEO of Jafrejo Holdings (the parent company of FRFG). “The EB-5 program is a vital part of our continued success as we continue to grow these two restaurant brands throughout Florida.”
“Thanks to Exclusive Visas, FRFG has a track record of success,” said Sloboda. “We are proud to say that to date, our EB-5 projects have resulted in 100% percent I-526 approvals thus far allowing for families from around the globe to receive permanent residency in the United States this year alone. “We have proven and successful restaurant concepts that are among the fastest growing brands in the country. That, along with our solid business model, makes us an ideal choice for foreign investors.”
“Unlike many other EB-5 projects, FRFG doesn’t rely solely on EB-5 money,” said Fred Burgess, CEO of Exclusive Visas. “Their restaurants are opened and operating before the investors ever complete their application process, easily creating the required number of jobs.” “We wish Joe the best of luck in his new role, and Exclusive Visas looks forward to working with Joe and FRFG for a long time to come.” “I am certain that Joe will lead FRFG towards great success as he did during his tenure at Exclusive Visas.
Joe Sloboda’s new email address is firstname.lastname@example.org .
About the Florida Restaurant Franchise Group (FRFG):
The Florida Restaurant Franchise Group, based in Weston, Fla., is private entity that develops and markets franchise restaurant concepts throughout Florida. The company has a development and operations team with more than 30 years of combined success in various national franchise operations. The group is currently developing VooDoo BBQ & Grill and Twin Peaks restaurants throughout South Florida. For more info, log on to www.eb5restaurants.com