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Posts Tagged ‘EB-5 investors’








Brazil and EB-5 by the numbers

December 19, 2014 @ 10:22 am
Posted by Exclusive Visas

By Renata Castro, Project Manager at Exclusive Visas        

In recent years I have been repeatedly asked about official numbers for EB-5 pertaining to Brazilian Investors’ I-526 filings. It shouldn’t come as a surprise – as the number of EB-5 offerings increased radically, and the cost (and availability) of raising EB-5 in China became more and more pervasive, EB-5 Regional Centers, Projects, Franchises, and Immigration attorneys alike began  pursuing a new frontier for their EB-5 related marketing efforts.

Brazil, for several reasons, has been a strong contender to other more established EB-5 markets, for a few reasons:

  • Brazilians (unless those with dual citizenship) do not qualify for E-2 visas;
  • Brazilians have also been eliminated from the green card lottery recently;
  • Growing political turmoil in Brazil, paired with a long history of mismanagement of public funds and corruption;
  • Violence; among other things.

EB-5, when Exclusive Visas first visited Brazil around three years ago, was relatively new to Brazilians. I recall spending countless hours translating conversations between prospective EB-5 investors and immigration attorneys that were mostly related to the basics of EB-5. Now EB-5 investors are much more sophisticated, asking questions that are more elaborate, resulting from a year-long (usually) exploration of EB-5 as a viable immigration option (not necessarily a review of projects).

The numbers, as shown below, can be interpreted as a strong indicator of a few trends, which I will discuss below:

Receipts, Approvals, and Denials for Brazil – Fiscal Year 2005 to 2014[1]

FY

Receipts

Approvals

Denials

2005

2

0

2

2006

1

1

0

2007

2

1

1

2008

7

0

0

2009

8

11

1

2010

10

5

1

2011

11

6

2

2012

18

13

1

2013

19

9

0

2014

47

17

3

Grand Total

125

63

11

Report Date and Data Queried: November 18, 2104 Data type: Receipts, Approvals, and Denials by Fiscal Year with a country of birth of Brazil, Form Type I-526.

 It’s important to analyze this data not in light of numbers from China, which is a mature and organized EB-5 market. Brazilians have the ability to hit double digits in EB-5 petitions very soon, and here’s why I am placing on my bets on this blooming EB-5 market:

  • In spite of the exchange rates terrible turn for the worse from 2012 to 2014, EB-5 petitions have doubled. In 2012, US$ 1 = R$ 1, 79. In 2014, US$ 1 = R$ 2,80. It costs almost double for Brazilians to do EB-5 today than it did in 2012, and yet numbers continue to rise.
  • Although there are a considerable number of denials, they are likely from direct EB-5 petitions. EB-5 investors from Brazil tend to explore direct EB-5 more aggressively than their Chinese counterparts, however, a growing number of more educated EB-5 investors has come to realize that Regional Center –affiliated projects tend to offer a higher likelihood of approval.
  • Inquiries from Brazil have continue to grow, as reported by Regional Centers and Franchises across the USA
  • EB-5 capital out of Brazil tends to come at a lower cost for projects as there aren’t any intermediaries.
  • Brazilian investors tend to visit projects in the USA prior to making an investment decision. This causes considerable delays in the process, for practical reasons. 

For periodic updates on Brazil’s EB-5 interests, and other up and coming EB-5 markets, subscribe to Exclusive Visas’ newsletter.



USCIS updates processing times for all EB-5 related petitions

April 3, 2014 @ 9:30 am
Posted by Exclusive Visas

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:

processing times



Does the EB-5 Visa Require Me to Run the Business I Invest In?

October 26, 2013 @ 10:30 am
Posted by Exclusive Visas

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



USCIS Integrates Customer Identity Verification into its System

October 25, 2013 @ 10:00 am
Posted by Exclusive Visas

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.fingerprint

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



24 new Regional Centers approved in August

September 11, 2013 @ 10:27 am
Posted by Exclusive Visas

Regional Centers - USCIS136 Regional Centers Approved So Far This Year

 

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 

California

  • 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. 

Florida

  • South Florida EB-5 Regional Center, LLC 
  • BLMP Florida Healthcare Regional Center, LLC 
  • Greystone Florida Regional Center LLC 

 Georgia

  • Southern Film Regional Center, LLC 

Indiana

  • Civitas Indiana Regional Center 

Maine, Massachusetts, New Hampshire

  • United States Investors Regional Center 

 Michigan

  • Resource Regional Center Michigan,

 Mississippi

  • Encore Mississippi Regional Center

 North Carolina, South Carolina

  • Carolina Global Regional Corporation
  • North Carolina – East Coast RC 

Oklahoma

  • Chen Roberts Regional Center  

Puerto Rico

  • Reside in America Puerto Rico, LLC  

Texas

  • Medical Investment in Texas Regional Center

Virginia

  • 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

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