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Our team of professionals is sought after for their knowledge and ability to deliver research and advice on the EB-5 Investor Visa Program! # 2013/04/11
Posts Tagged ‘Exclusive Visas’
December 12, 2012 — North and South Korea split along communist and allied lines as a result of WW II agreements between the U.S. and the then Soviet Union. The two Koreas have experienced rocky relations since, to say the least. And since North Korea began developing its nuclear program in the sixties, South Koreans have lived under the specter of nuclear attack from its hostile northern brother. The relationship has been strained further as N. Korea developed weapons grade plutonium in 2002 and detonated a device in 2006. Even with the added anxiety, S. Koreans have lived with the knowledge (and security) that while N. Korea had developed a nuclear weapon it lacked the means to deliver it to a target over a long range.
But on Wednesday, December 12, 2012 that all changed. In a highly provocative act that threatens regional security, according to a National Security Council release, N. Korea carried out the successful launch of a long-range rocket. “The action is yet another example of North Korea’s pattern of irresponsible behavior,” read the National Security Council statement. “The United States remains vigilant in the face of North Korean provocations and is fully committed to the security of allies in the region.”
While experts do not believe North Korea currently has the technology to mount a nuclear warhead, today’s launch is a significant reminder to S. Korea that the threat not only remains but that it has been escalated.
As a result inquiries by S. Koreans into EB-5 have increased significantly over the past week, according to Joe Sloboda, vice president of Exclusive Visas. “South Koreans already utilize the EB-5 program more than any other nation but for China, so this is not new for them,” he said. Because the N. Korean launch was successful many S. Koreans have been reminded how unstable this part of the world actually is. “They are simply worried about their future,” added Sloboda.
And this new instability has caused many S. Koreans to (naturally) consider relocating to America via EB-5. When there is instability within a country, the U.S. expects increased interest in emigrating to the U.S. from that country, according to the U.S. Citizenship and Immigration Services (USCIS). Since the EB-5 visa is the most cost effective and quickest way to gain permanent resident status in the U.S. it is natural to assume increased S. Korean interest in the program.
The mood is understandably mixed. While many are committed to continue to live in their country regardless of a nuclear threat from N. Korea many S. Koreans would like to escape the stressful conditions and come to the United States with their entire family to live and work.
For a $500,000 investment in a U.S. business S. Koreans (and their families) may emigrate to the U.S. via the EB-5 visa. EB-5 is attractive for S. Koreans 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 applicant 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 petitions, timelines, deadlines, documentation, due diligence, and Green Card issuance.
An Exclusive Visas Expert EB-5 Consultant will cut through the confusion by explaining how the program works generally and specifically for the S. Korean 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 factual and trustworthy information necessary to give them piece-of-mind while making the best of the EB-5 opportunity.
For more on the EB-5 program contact Exclusive Visas. An Exclusive Visas EB-5 Expert will see to it that the investor has all the necessary to give them the piece-of-mind they seek, while making the best of the EB-5 opportunity. Exclusive Visas brings together all the elements of the program, manages timelines, and gives the client the broadest likelihood of success.
The I-829 petition is the final step of the EB-5 visa process. The form is submitted to the USCIS after the applicant has successfully completed the investment and after conditional permanent residency through Form I-526 has been secured. The petition demonstrates evidence that all EB-5 requirements have been successfully met by the applicant. The I-829 petition must be filed with the USCIS within 90 days of the end of the two year conditional permanent status period.
Upon approval of the I-829 by USCIS, the conditions and restrictions on the applicant’s residency status are removed. The applicant’s (and the applicant’s family) U.S. conditional residency status is elevated to permanent residency with green cards issued as a result.
The I-829 petition is the final report to USCIS of the applicant’s successful EB-5 investment. It includes comprehensive evidence that all EB-5 program requirements have been satisfied including proof that:
- Permanent (conditional) residency was originally granted;
- A commercial enterprise was established;
- The business plan was followed;
- The required investment was made;
- The commercial enterprise was sustained throughout the two year conditional residency period;
- The required number of jobs was created.
Additionally, if the applicant has a criminal history legal documents must be provided as well. The I-829 filing fee is $3,835 which includes a biometric fee (fingerprinting and photos) and typically takes a minimum of six months to process.
An EB-5 consultant will cut through the confusion for the investor by assisting them with every phase of the application process. From petitioning the USCIS to choosing a credible project to invest in, the consultant 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., EB-5 consultants manage timelines as well as bring together all the elements of the program and investment to give the client the broadest probability of success.
USCIS has approved three new EB-5 Regional Centers under the Regional Center Pilot Program. They are:
- American Opportunity Regional Center, Florida;
- Virginia Center for Foreign Investment and Job Creation, Virginia; and
- Westmill Mid-Atlantic Regional Center, (Washington, DC, Maryland, and Virginia).
A Regional Center is a geographic area designated by the USCIS (through a detailed approval process) as eligible to receive immigrant investor capital.
To date the USCIS has approved 245 Regional Centers throughout the United States.
With so many Regional Center options available to EB-5 petitioners and so much riding on the result, choosing the right Regional Center (that will ultimately grant US residency to you and your family) can be an overwhelming task.
An Exclusive Visas Expert EB-5 Consultant will cut through the confusion for the investor by supplying trustworthy information and explaining how the program works generally and specifically. 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 Regional Center 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.
Burger King is launching restaurants in China through the direct EB-5 program. With Chinese investors showing strong interest in name brand and direct EB-5 investment opportunities, and a slowdown in the U.S. fast-food market American fast-food companies are looking to international markets for new customers.
Americans already know it and the Chinese are learning fast: more spending power typically equates to less time to cook at home. Grueling work hours, long commutes, a later marriage age, and smaller families combine to give the average Chinese citizen less and less time (and energy) to make their own meals. Combined with the declining U.S. fast food market and China’s food service industry’s double-digit annual growth this situation has created a perfect recipe for fast food chains to pursue business opportunities in China.
While the U.S. fast-food sector has softened the U.S. fast-casual-dining sector is red hot. Fast Casual is the fastest growing segment of the restaurant industry in America. Chipotle, Panera Bread, Moe’s, and Five Guys are a few of the top fast casual chains with many new players expanding into the sector every day.
VooDoo BBQ & Grill, one of the fastest rising fast-casual-service franchise services in the industry is growing by leaps and bounds via the EB-5 Regional Center program. VooDoo BBQ & Grill is has already raised EB-5 capital for its Florida locations in Broward, Miami-Dade, and Palm Beach. Already into its second phase offering via the Palm Beach Regional Center, VooDoo expects to open 26 restaurants in Florida over the next five years.
Restaurants are particularly popular as EB-5 Regional Center projects because they create more permanent jobs than most other industries (and typically more than are required by EB-5 rules) — a huge consideration in selecting an EB-5 opportunity.
The EB-5 US Immigration program is the most cost effective and quickest way for investors to gain permanent resident status in the U.S. There are two Eb-5 programs: Direct and Regional Center. Under either program candidates invest $500,000 to $1 million in return for U.S. (conditional) Permanent Residency for themselves and their family. The investment must result in the development of 10 jobs. Consult with your EB-5 professional as to which program is appropriate for you.
For more on the EB-5 contact Exclusive Visas. An Exclusive Visas EB-5 Expert will see to it that the investor has all the factual and trustworthy information necessary to give them the piece-of-mind they seek, while making the best of the EB-5 opportunity. Exclusive Visas brings together all the elements of the program, manages timelines, and gives the client the broadest likelihood of success.
By Renata Castro
IIUSA (Association to Invest in USA), held its 5th Annual EB-5 Regional Economic Development Advocacy Conference in Washington, D.C., on October 2012.
Exclusive Visas proudly sponsored the event. Fred Burgess, managing partner of Exclusive Visas, introduced the speakers for one of the panels held on October 15, under the title: “EB-5 Regional Economic Development Showcase: EB-5 & Public Private Partnerships (P3)”.
The panel was comprised of Daniel J. Healy, Director of IIUSA, and Managing Partner at Civitas Capital Management; Robert G. Honts, Secretary-Treasurer of IIUSA, and President of Lone Star Texas Enterprises, and Brent Raymond, Director – International & Foreign Direct Investment, VT Global Trade Partnership & VT EB-5 Regional Center.
“IIUSA’s commitment to the integrity and continuity of the EB-5 program is one of the key factors in the success of IIUSA’s conferences year after year”, said Fred Burgess.
Exclusive Visas is one of the early members of the organization. Contact one of our EB-5 Specialists today to learn more about the EB-5 program.