Empire State EB5 News and Information

Empire State EB5 lends non-recourse construction and renovation loans available up to five years at low interest, interest only. Empire State EB5 focuses within the markets of healthcare related projects and hospitality; these include assist living facilities, nursery homes and hospitals, as well as flagged and non-flagged hotels. No minimum loan and no max loan amount. In a timely fashion, Empire State EB5 can complete, submit, and expedite your loan application for review to USCIS. The Empire State Eb5 Regional Center is currently pending approval through the USCIS.

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If you are presently thinking about making a permanent move to the USA through the #EB5 visa, but have some concerns about your timing, in connection with the performance of the US #economy, a recent report from Wells Fargo will be of interest to you.

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  Over the past few years Mexico and Central American countries have seen wealthy citizens investing in the United States mainly by the means of the USCIS EB-5 Program. Since 2011 to 2012 the number of investor South of the Border have doubled and only to increase with investors in the years to come.Mexican investment in the U.S. grew 11 percent in 2012, reaching $27.9 billion, said the U.S. Embassy in Mexico City.

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Mexican investment in the U.S. grew 11 percent in 2012, reaching $27.9 billion, the U.S. Embassy in Mexico City. The U.S. issued almost 4,000 investor visas to Mexicans in 2012, with only Japan and Germany exceeding that amount. Mexico and the U.S. have always had strong economic ties, though investment has traditionally flowed North to South, with U.S. companies outsourcing manufacturing operations to Mexico. In a balancing of the scales, Mexican businesses are now expanding north. The U.S. Embassy says that the U.S. is an attractive location for Mexican businesses and private investors.

Complete Forbes article: Wealthy Mexicans' Investment In The United States Sharply Up in 2012

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(Source: China Daily, by Michael Barris)   The Chinese mainland is poised to overtake Japan this year as the economy with the world's second-largest number of dollar millionaire households, behind the United States.  And the Asia-Pacific region will surpass North America in four years as the world's wealthiest region, according to a report by the Boston Consulting Group.  In its annual study of the world's wealth management industry, the global management consulting firm said worldwide wealth grew faster last year than in the previous two years.

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With the increasing number of EB-5 visa being issued and only a limited amount will result in more competition for gathering investors in the EB-5 industry. The chart below shows how the EB-5 program has shown an increase of visas being processed and received since 2008 and representing projections for the years to come.

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Wednesday, May 15, 2013

Top Five EB-5 Industry Sectors in Chinese Market

[Source: EB5NewsBlog] There are various EB-5 projects available to Chinese investors this year, they range from casino hotels, mixed-use developments, charter schools, dental clinics to high end apartments. However, considering project's marketability and popularity, the following categories are getting attentions from Chinese investors: 1) Large full service hotels with well-known or international brands; 2) Large scale mixed-use real estate development projects in large metropolitan areas;  3) Direct EB-5 projects with top brand franchises;  4) Assisted living and memory care facilities; and 5) High end apartment development projects in large metropolitan areas

For more information on the USCIS EB-5 Immigration Investor program and investment options,

CONTACT EMPIRE STATE EB5 REGIONAL CENTER TODAY!

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[Source: Jason Chow; WSJ] China’s rich continue to want to invest and move abroad in large numbers, but their goals have begun to shift, consulting firm Bain & Company said in a report released Tuesday. Three out of five wealthy mainland Chinese are looking to immigrate out of China while another third own investments abroad, Bain said in its “China Private Wealth Report, 2013,” based on a survey conducted earlier this year of 3,300 “high-net-worth individuals” with at least 10 million yuan (US$1.6 million) in investable assets.

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[Source: Laura Reiff and Kate Kalmykov, www.eb5investors.com] The key EB-5 provisions in the bill include: -Making permanent the EB-5 Regional Center program.  Introduced in 1992 as a “pilot” program, it has continually been reauthorized by Congress and most recently it was extended through September 30, 2015.  -Recapture of unused immigrant visa numbers from prior fiscal years.  -Elimination of per country quotas for employment based visa numbers, this would have  significant implications for China which is predicted to reach its quota in fiscal year 2014. -Exemption from the employment based immigrant visa numbers for spouses and children of principal applicants, this means that visa numbers which are currently capped at 10,000 would be allocated solely to principal investors. -Additional immigrant visas numbers for the EB-5 program as a whole. Full "Gang of Eight" Legislation Immigration Reform 

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[Source: www.ibisworld.com] This graph represents the breakdown of total money spent from consumers in each industries general category. More spending by consumers will boost economic growth in the first two quarters of 2013 after a lull at the end of last year. Consumer spending accounts for 70 percent of economic activity. The big winner three months into the new year goes to Finance and Insurance industry.

[lettersfromtaiwan]

I remember my pan-blue Politics lecturer at NCCU told us how he advised all his students to vote for Ma and the KMT because he thought the new generation of Chinese leaders were unprincipled nationalists and very dangerous and unpredictable and who would attack Taiwan if the DPP won.

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[Source: ILW.com] When the financial crisis made it more difficult to acquire financing through traditional venues, hotel developers started turning to the Federal  USCIS EB-5 program for sources of capital. Since 2008, developers for hotel chains such as Hilton Worldwide, Hyatt Hotels, and Starwood Hotels & Resorts Worldwide, have taken advantage of the influx of foreign funds made available through the EB-5 program.  There are two ways for a foreign entrepreneur to obtain an EB-5 investment visa: investing $1 million into a new commercial enterprise to be run directly by the foreign national in the U.S., or to invest into a “regional center.” The latter is an economic unit that is privately owned or sponsored by the government, and will manage the investment, assisting the investor in complying with U.S. Citizenship and Immigration Services (USCIS) requirements—including job creation.  Since most regional centers are located in “Targeted Employment Areas,” they usually qualify for the lower investment amount of $500,000, another reason that they are attractive to the EB-5 investor. Regional Centers also have a less stringent job creation requirement that allows for indirect job creation.  Since hotels create both, direct jobs (managers and house keeping for example) and indirect jobs (suppliers of towels and soaps), they are a good fit for foreign investors whose permanent resident status is dependent on meeting the USCIS requirements. Pairing with a regional center also benefits the hotel developers since they assist with business plans and help to attract foreign investors. 

<<<READ FULL ARTICLE HERE>>> 

Hotel Developers or Project Developers contact us directly with interest or more information to how EB-5 financing can be a part of you next venture.

CONTACT EMPIRE STATE EB5 REGIONAL CENTER TODAY!

2815 Monroe Avenue, Suite 2100

Rochester, New York 14618

Tel: [phone]

EMAIL HERE or WEBSITE HERE

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In 1990 Congress created the employment-based fifth preference visa category (EB-5) category for foreigners seeking to invest in a business that will benefit the US economy and create or preserve at least 10 full-time jobs for qualified US workers. The amount required to invest is $1 million or $500,000 if the investment is made in a high unemployment or rural area. Some portray the typical EB-5 investor as an ultra-rich Chinese businessman in the market for a prestigious US green card. One restrictionist group describes EB-5 as a “tacky, troubled program that doesn’t do much for economic development.” Others say the EB-5 program “let[s] the guys in with the money and leave[s] the best and brightest waiting in line.” Meanwhile, participants in the program have their own criticisms, alleging that US Citizenship and Immigration Services (USCIS) is hostile toward EB-5 because it is viewed as a “green card for sale” program that denigrates the US immigration system, and is essentially bad for America.

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The visual graph represents the total amount of EB-5 visa that have been issued since the inception of the the program back in 1992. The United States has issued more than 29,000+  EB-5 visas which has created over 50,000+ new US jobs and generated $6.8 billion in investment through the EB-5 program to date.

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USCIS seeks your input on the draft policy memoranda listed below. EB-5 Adjudications Policy Memorandum Draft policy memoranda for comment are posted in the Feedback Opportunities page of uscis.gov, where stakeholders will be able to submit comments.These memos are drafts of proposed or revised guidance to USCIS Field Offices and Service Centers. They are not intended as guidance for the general public, nor are they intended to create binding legal requirements on the public. Until issued in final form, the draft memos do not constitute agency policy in any way or for any purpose. (continued reading)

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U.S. Citizenship and Immigration Services (USCIS) and the Securities and Exchange Commission (SEC) invite interested individuals to participate in a stakeholder teleconference on April 3, 2013 at 3 p.m. (Eastern) to discuss the EB-5 Immigrant Investor program.During the engagement, subject matter experts from the SEC will discuss securities law compliance in the context of EB-5 regional centers and investments. Stakeholders will have an opportunity to ask the SEC questions at the end of the teleconference.

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The surge for visas that were issued in the past 5 year through the USCIS EB-5 program are represented in the graph above. South Korea was the majority of visas issued back in 2008, but since that time China has made an extreme jump to the top representing 4/5 of the programs issued EB-5 visas.

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A member of the Empire State EB-5 Regional Center attended the most recent IIUSA EB-5 Regional Center Economic Development Breakfast that was hosted in Washington, DC on March 5, 2013. The meeting was informative in the manner of some of the issues at hand in the current EB-5 industry. A few points of interest taken from the event are listed below.

Increase flexibility in regards to indirect jobs.

E-Verify program will be going nationwide. No date released.

Streamline business plans for approval. 

Chicago EB-5 failure were not members of IIUSA. Area of China where investors came from had no ability to check the project status. IIUSA are looking for a way to get funds returned or reinvested into another project.

Processing times: There won't be a directive that stipulates a time limit on applications for I-924. Currently targeted 5-6 months. Actually closer to a year.

  For more information on the USCIS EB-5 Immigration Investor program, investment options and business ventures:

CONTACT EMPIRE STATE EB5 REGIONAL CENTER TODAY!