Which EB5
EB-5 visa - Sources of information
January 25th, 2010
Confused with all the conflicting EB-5 visa information?

Confused with all the conflicting EB-5 visa information?

With more than 75 regional centers approved by USCIS to offer programs qualifying for the EB-5 visa we are increasingly investing time researching the hidden details behind the headlines.

The need to look beneath the surface has become increasingly apparent as regional centers often devote significant expenditure on sales and marketing, sometimes using specialist consultants to advise them on how to attract immigrants from specific countries.

We remain  concerned that those looking at some of the EB-5 programs may fail to realize that the primary focus of the regional center may be on attracting sources of funding, (particularly given the difficulties in raising finance in the current tighter financial markets), rather than concentrating on the needs of the EB-5 immigrant investor.

We are also concerned where there may be possible conflicts of interest when some regional centers are advised by specialist consultancies. This is of particular concern when the very same consultancies are also advising the potential immigrants.

Sometimes issues that may be important to the immigrant investor are very hard for the potential EB-5 investor to track down – here is one such nugget relating to a proposed scheme:

“The Investment firm that is going after the EB5 investors, to the best of my knowledge, has NEVER SUCCESSFULLY FUNDED one of these projects. There are a few EB5’s that have been implemented in [location] but the firm that is heading up this hasn’t done it.”

Don’t be mislead. Find out exactly what you need to know BEFORE you chose a regional center for your $500,000.

 
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EB-5 Visa Investments Do Take Time for Returns
December 22nd, 2009
EB5 Puzzle

Solve the EB5 Visa Puzzle

Green card restrictions can be removed long before investments pay off.

Immigrant investors looking for the right Visa to gain residency in the United States shouldn’t expect a fast return on their money from the EB-5 program. Still, when the right choice in a regional center is made, green card restrictions can be successfully removed fairly quickly and risk can be minimized.

The EB-5 program provides a relatively fast way to obtain a permanent green card, but it doesn’t necessarily offer a fast return on investment. There are risks involved in all regional center investments, but they can pay off with eventual earnings returns and, more importantly, a permanent green card.

Immigrants who choose the EB-5 Visa route can expect to have to wait between 21 to 24 months before they can file an I-829 petition for the removal of conditions on a green card. After this, the wait can be several years for an investment return.

The general rule of thumb is five years, Still, it is important to keep in mind that regional centers are not allowed to guarantee a return on investment. Although the EB-5 program is still relatively new, some early immigrants are beginning to see their returns now.

There are steps investors can take to increase their chances of seeing a return on investment. Carefully researching different regional centers, their programs and the stability of investments is vital. Consultants and experienced advisers can be very useful in this process.

Ask all pertinent questions before making a decision with an EB5 investment visa.

 
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EB-5 Visa Immigrants Should Exercise Additional Caution in Regional Center Choice
December 17th, 2009

seek-helpThanks to the recent three-year extension of the EB5 Visa program this path to a permanent residency in the United States is becoming increasingly popular. Considering what potential immigrants will have at risk it is smart for them to exercise caution throughout the process.

The EB5 Visa program calls for potential immigrants to make an investment of at least $500,000 in an approved EB5 regional center. These centers are generally in areas that have been identified as those that would benefit from an economic infusion and job creation.

Once investments are made in government-approved regional centers potential immigrants receive a two-year conditional green card. The conditions are removed at the end of two years if certain requirements are met.

EB-5 Visas are extremely useful for immigrants that desire a relatively fast way to permanent residency.

Since immigrants will have both their residency status, and initial half-million-dollar investment riding on the regional center’s performance, it is imperative to make certain the choice of regional center is viable.

Even after potential immigrants receive independent information about regional center choices it is perfectly acceptable for them to seek additional help and advice.

It can be useful to consult with a business attorney and/or a Certified Public Accountant to have the security of the investment evaluated, EB-5 Visa applicants can never be too cautious.

For further help or information please contact Which EB5 today

 
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Finding the Right EB-5 Consultant is Important
December 15th, 2009

Finding the Right EB-5 Consultant is Important

Finding the Right EB-5 Consultant is Important

Expert advice can guide EB5 investors through the selection process

With the recent extension of the EB-5 program, the push is on for potential immigrants to find the right regional center investment. Using a consultant to help navigate the system and research regional centers is smart, but rushing into a decision is not.

Investors need to take a step back before they select a consultant and look at a number of key factors. The reality is there are consultants who don’t have enough experience, lack a proven track record or simply represent one regional center. An impartial, experienced hand is called for to help would-be EB-5 visa applicants protect their investment and their permanent green cards.

There are a number of things investors should ask before they make a decision to use a consultant. They include:

•    Are consultants independent or are they associated with a certain regional center?
•    Is there a fee charged?
•    Have the consultants actually taken an in-depth look and reviewed the regional centers?
•    Are the consultants also immigration attorneys? This may pose a potential conflict of interest.
•    Have the consultants worked with other EB-5 immigrants in the past? What is their success rate?
•    Do they have a track record of recommending more than one center?
•    What kind of information can they provide?

Selecting a consultant is a smart way to work through your choice of an EB-5 Visa program. Taking time to make the right choice is vital for protecting the $500,000 investment and your green card status. Which EB-5 specializes in providing unbiased information and education to potential EB-5 visa immigrants. Get complete EB-5 Regional Center information now.

 
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Careful Selection is Key to EB5 Investment Visa Success
December 14th, 2009
Careful Choice of EB5 Regional Center

How to Choose an EB5 Regional Center

Picking the right regional center isn’t as easy as it sounds.

Foreign investors looking for fast-track permanent residency in the United States can take heart in the recent three-year extension of the EB-5 regional center program. This approval, however, shouldn’t be seen as cause to throw caution to the wind.

U.S. Citizenship and Immigration Services have approved a tremendous amount of regional centers that qualify for EB-5 investment status. On the surface, this provides excellent choice, but there are some pitfalls. Making the wrong decision on where to invest can result in a revocation of status after two years and also a loss of the initial $500,000 to $1 million investment.

EB-5 investors have several things beyond making their money back to worry about. They must also be certain the investment does meet the qualifications set by Washington, D.C., and it must also result in the creation of at least 10 jobs.

The EB5 program does provide an excellent way to speed up your Visa, and ultimately your citizenship process, but investors should take the time to educate themselves before moving forward. Making a $500,000 investment is a big undertaking no matter the circumstances.

Potential immigrants need to gain solid information about a number of factors before moving ahead. Some of the things to consider include which regional centers obtain green cards the fastest, which ones are offering a rapid return on investment and even which ones have a 100 percent rate of obtaining green cards.

What is the best way to choose an EB-5 Regional Center?

 
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Is the EB-5 regional center program likely to run out of visas before October 2010?
December 7th, 2009
Will the EB5 Program Run Out of Visas?

Will the EB5 Program Run Out of Visas?

With 3000 visas available yearly (the visa year ending in October each year) this seemed to be unlikely while the number of approved applications were in the approximate range of 1200 a year. However, there are a number of issues which may alter this situation and mean like other visa categories, the EB-5 regional center program, could in certain circumstances, develop a waiting list.

Some interpretations of the visa numbers include not just the actual investors/petitioners (1200) but also the family members included with the applicant. On current trends this could  potentially take the number over the 3000 level. Clarification from USCIS is being sought regarding this, but it could have a significant impact.

The EB5 regional center program is now a better known and more proven option. Renewal has gone through which extends the program for three years and some of the initial investors have or are about to receive their capital investment back.

Other visa routes such as the H1B and E2 have apparently been seen by some as increasingly problematic leading to immigrants looking increasingly favorably at the EB-5 option.

The development concerning numbers is an issue apparently requiring clarification, particularly if you need to invest sooner rather than later so that you can move to the USA ASAP. It may also have an impact on certain regional centers for reasons we will go into in a future blog.

 
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If you are looking at the EB5, please be careful out there
November 25th, 2009
Be Careful Out There

Be Careful Out There

There used to be a popular TV police series in the USA called Hill Street Blues where the catchphrase was “let’s be careful out there”. As immigrants to the USA ourselves, we feel it is very important to stress these words when you are looking at the EB-5 regional centers.  We feel particularly concerned when we come across issues that may lead to potential problems for immigrants.

The EB-5 visa does requires a balancing act – It provides much needed jobs for the USA and it provides the opportunity for permanent residence (Green Cards) in the USA to the immigrant in return for investing $500,000.

However, while the $500,000 investment is required to be at risk, we are concerned if regional center programs simply become a method to use the hard earned lifesavings of immigrants in programs which may be considered by some, in the current economic climate, as an easy source of funding that would otherwise not be available.

We are aware of a number of individuals or groups who are currently looking into establishing their own EB-5 Regional Center.  Some of these proposals are from real estate developers struggling and unable to complete their projects due to a lack of funds.  The problem is not just funding but the falling prices which have contributed significantly to a projects’ potential failure.  Some of these developers recognize that foreign funds are an ideal way to complete their projects to buy redevelop and sell foreclosed or distressed properties.

There are many issues that need to be considered in these circumstances, particularly in relation to jobs and exit strategy, i.e. getting your hard earned money back – for more information on the EB-5 regional center program contact Which EB5 via email at info@whicheb5.com

And remember - Be careful out there!

 
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E2 / L1 complaints – EB-5 alternatives
November 19th, 2009
Complaints about Visa's

Complaints about Visa's

I had a phone call over the weekend from a very nice lady. She was asking whether I knew about a recent conference in Orlando Florida attended by over 400 immigrants who were having problems with the renewal of their E2 and L1 visas.

I had to admit I knew nothing about this conference but was not surprised that there were so many people attending given the number of people we had been working with over the past few years who were turning to the EB-5. This was not because they particularly wanted to invest $500,000 but simply because they recognized, in their specific cases, it was their only way to obtain permanent residence in the USA.

The lady who phoned me told me about the anger and misery at this conference, of course all the stories have a family at the end whose lives have been thrown into disruption. I was surprised that with the E2 and H1-B in particular, the attorneys who had originally advised these families had, according to reports, not always pointed out the potential dangers of these visa types. After all, it’s a major problem if you relocate to the States, live here many years and then find you, or even your children, face deportation because you have not been told about the implications of your visa. It really is a very sad business. It can be avoided with the right information and advice.

 
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EB-5 forum
October 5th, 2009

In a search for information on the EB-5 some potential EB-5 visa investors seek out forums as an impartial source of
information. Forums have exploded across the Internet.  Sometimes, immigration forums can seem particularly helpful; the personal voice and conversational manner of them with invited comments and replies can feel reassuring to the reader.  It might seem as if you’ve just made a personal, “expert” friend in exactly the subject you need.  And herein lies some of the top potential dangers of relying on immigration forums as a source of information and advice.

First off anyone—and we do mean anyone—can have a forum .  The person behind an immigration forum could well be a consummate, well-versed, experienced professional; or that person could be an expat who has been through the process or that person could be someone else altogether, with any varying level of experience (including none at all) between the two.

Having researched many immigration forums in-depth, some deep concerns and potential dangers have come to light, starting with knowing who you are dealing with (after all, if you know you are on a regional center’s or company’s website you know who is behind the information and know what to expect; you understand that their motivation is to sell their center and its project(s), and that they are unlikely to highlight the negative points of their business).  On the other hand, if you are reading an expat’s forum, or a forum presumed to be an immigration expert’s, you are coming to it assuming honest, sound advice.  To give you an example of how this can quickly go wrong, here is an account of just one instance in which we found severe concerns over information on an immigration forum.

In our research, we came across a post and subsequent comment thread that was highlighting the fears of scams in regard to the EB-5.  In some ways, the post and highlights were very good, and clearly added to the website’s credibility.  Further on, a question was raised on that same thread regarding a particular individual (agent).  Another (probably well-meaning) subscriber responded by giving feedback of a positive experience with that agent.  Our sincere hope is that no one on that forum followed that commenter’s advice (and our concern is with that anonymous commenter even now), because if they had they would now have serious problems on their hands; the agent concerned is now under investigation by three separate law enforcement agencies after allegedly millions in immigrant funds went missing!

That commenter, in all likelihood, was probably giving what he or she deemed to be honest, genuine, and well-intentioned advice, but it does certainly underline the importance of knowing the whole picture, rather than taking the single experience of one person as fact.  And of course, in such a forum, it is  tough to tell what happened in the future beyond that point—there is no way of knowing what future experience that commenter came to have, which very well may have changed his or her viewpoint considerably!

That one instance is just that, one instance. Recently we researched a large immigration site and found that it included much misleading, and worse, totally inaccurate information.  Upon contacting the site administration, we received this reply:

“…[Website]… does not screen communications in advance and is not responsible for screening or monitoring material posted by Users. Nor do we guarantee the accuracy, integrity, or quality of such User content. Visitors to this site are reminded that the details contained within comments are uncorroborated and as such should not be read as fact but as the opinion of the person who posted the comment, and hence …[Website]…will not be held liable.”

Here is a forum, then, tagging themselves experts in immigration, offering information and advice, and claiming no
responsibility for monitoring the content of their forum’s comments. To say the very least, we became very concerned with this, wondering if those people who were taking advice from this site were aware of this policy of non-responsibility. Delving deeper, we then found that a leading contributor had posted more than 42,000 messages all over the Internet on blogs of all sorts, with topics ranging as wide as from marriage breakups to the state of the world. That is not a piece of information that the average user would come by easily, when all the while they were simply looking for informed and accurate information on immigrating through the EB-5 program! Again, the concern here is in the not knowing, and being fed a lot of EB-5 information from resources that may or may not be who or what they seem.  It is the whole picture that matters, and the knowing that the information you are relying on to make critical life decisions is as reliable as it seems, and as it certainly should be!

The EB-5 Investor Green Card regional center visa program is an excellent way to quickly become a permanent resident of the United States. Which EB5 researches regional centers; you make the same investment plus get all the independent advice of Which EB-5 at no cost to you.

 
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EB-5 investment visa gains popularity
July 8th, 2009

The EB-5 regional center pilot program has significantly increased in popularity during the last couple of years with a widening number of immigrants identifying this visa program as their only hope of immigration to the USA. Perhaps this is partially as a direct result of restrictive interpretations and quota delays for other immigration visa options?

The visa allocation has so far been sufficient to satisfy demand and the main concern for those not quite ready to embark on the program had simply been will the program be renewed. However, a bigger problem for those considering this visa could eventually be the visa quota being met due to its increasing popularity as well as it being the only option for an increasing number of groups and nationalities.

For many immigrants, retirees and students graduating with no qualifying jobs, or internees, employees whose employers will not sponsor them, entrepreneurs who want to undertake a commercial business venture in the U.S. and who do not qualify for L-1, E-2 or the regular EB-5, and many others, the EB-5 regional center investment visa is not only the option of choice, but often the only option.

To discuss this on any other EB5 issues please contact Which EB5.

 
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WhichEB5.com, its owners and associates, do not function as attorneys or legal counsel and do not attempt to interpret immigration law and do not provide or offer legal advice or legal services or investment advice. Anyone considering an Investment based Visa should seek independent professional advice. The information on this site is intended to be general and should not be relied upon for any specific situation. Any reference to designated regional centers on this website is posted as reference material only. For legal advice, please contact one of our attorneys. Prior results do not guarantee a similar outcome. Results depend upon a variety of factors unique to each person.