March 1st, 2010 |
 It is interesting to look beyond the headlines used to promote regional center programs.
Here are some example headlines we found and the reasons you need to explore deeper to expose ALL the details before you choose a regional center for your EB-5 visa.
1. “The only Designated Regional Center in the U.S. controlled and supervised by State Government.”
The Regional Center investments that operate under the banner of a state can sometimes confuse prospective investors in terms of the implications of this status. For example, has the “State Government” any responsibility for repayment of the investment? Some investors assume such designation may offer a safety net. Another question might be: What role does the state government play in the exit strategy regarding the then value of the investment?
Some regional centers, at different times, have made this claim. One program that operated under a State banner is reportedly the subject of litigation. This could raise raises questions as to how far the “state” supervised the program.
2. “A 100% success record for EB-5 Visa approval and faster approval times.”
Many centers have a 100% successful track record, at least at I-526 stage. As regards faster approval times; centers generally get approvals within the USCIS average time lines however, for specific reasons relating to “Requests for Further Evidence” RFEs, and the nature of some programs, some centers have had longer approval times.
3. “In 2009, a total of 4,218 wealthy investors from outside the U.S. successfully applied for and received an EB-5 visa. But many are left asking what has accounted for the recent interest the program has been receiving”?
Firstly a few points regarding these figures which may seem a little pedantic but are important for reasons that can be explained.
The figure quoted includes the spouse and children of the investors; it does not mean there were actually 4218 individual investments in regional centers. - Many investors have a spouse and at least one child so the number of actual investors is nearer a third of the total number of visas. Secondly, the figure for 2009 contains a substantial number who invested in 2008; delays in processing carried these over into 2009.
The main change to be aware of in the figures for 2009 is actually the nationality of investors, with a greater proportion of Chinese investors in particular. China has seen a significant sales focus by a number of regional centers and their agents based in China. This has meant certain programs have mainly Chinese investors whose particular motivation and awareness may have implications.
4. “The regional center returned my investment in three years.”
Three years is generally unrealistic given current review times. That is unless the client is selling out at the moment their I-829 petition is approved. This could be extremely dangerous
Andrew Bartlett and Stephen Parnell are authors of Green Card via the Red Carpet. You can read excerpts of the book at our book website and/or contact the authors via Which EB5.
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Tags: andrew bartlett, china, Chinese investors, eb-5, exit strategy, Green Card via the Red Carpet, I-526, I-829, investors, litigation, regional center, request for further evidence, RFE, state government, stephen parnell, uscis, value of the investment, visa, Which EB-5
Posted in Immigration | No Comments » |
February 20th, 2010 |
 How to Retire in the U.S.A. National newspapers and magazines have been publicizing the ways that the EB-5 visa program can provide the opportunity for many people’s lifelong dream to retire in the U.S.
Under this immigration program foreign nationals can make an investment of $500,000 in an approved American Regional Center program to obtain an immigrant visa and be eligible for a U.S. green Card.
Andrew Bartlett, Joint Managing partner of the leading specialist EB5 relocation advocacy company, Which EB5, advised Brian and Jane Thompson, a couple from Essex, England, on the EB-5 visa program. The Daily Mail reported that they targeted Florida as their ideal retirement spot, noting its low real estate costs.
We have kept in contact with the Thompsons and will update you on their lifestyle in Sarasota.
The State Department reports that the number of approved EB-5 visas has nearly tripled between fiscal years 2008 and 2009.
Andrew Bartlett and Stephen Parnell are authors of Green Card via the Red Carpet
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Tags: andrew bartlett, eb-5, Immigration, regional center, retirement, visa, Which EB-5
Posted in Immigration | No Comments » |
February 2nd, 2010 |
 Does the EB5 Visa Program need an Exit Strategy? The exit strategy has been a key consideration for many, not all, EB5 clients. All too often this information has been hard to tie down, with very little specific evidence of a definitive exit strategy from many Regional Center programs.
For many people the security of their $500,000 principal, and when it will be returned to them, is of prime importance alongside the obtaining and maintaining of their visa.
As many regional center programs have not been in operation for a sufficient time period it has been difficult, until very recently, to examine the hard facts in this area.
There have certainly been a number of surprises. Such as one program potentially looking to repay an excess over the $500,000 due to specific circumstances tied in with the nature of the project. Another program has repaid the full principal amount as laid out in the exit strategy. One regional center is planning to repay funds prior to the planned date and yet another has repaid less than the sum invested.
It is certainly very useful to have this information, particularly in light of programs which are very much dependent on the economic outlook. For more information on Regional Center exit strategies contact Which EB5
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Tags: eb-5, eb5, exit strategy, regional center, visa, Which EB-5
Posted in Immigration | No Comments » |
February 1st, 2010 |
Which EB5 sometimes come across potential EB-5 visa applicants attempting a very analytical approach to compare the various regional center alternatives.
In the absence of detailed statistical regional center information from USCIS, searching for meaningful data often results in asking a regional center (not always ideal) or relying on information usually found buried somewhere on a web site. As part of our ongoing research, we regularly monitor information relating to the EB-5. The latest batch of incorrect information includes –
• A site offering consultancy services on various centers which quotes an entirely inaccurate figure for I-829 (Removal of Conditions) successes for a particular regional center. We know the figure to be incorrect as the center in question has not been operating long enough to obtain any I-829 approvals for its clients.
• A site quoting a whole range of comparative figures that are over two years old, particularly worrying given the completely different economic climate in 2010.
For an independent look at EB5 statistics contact Which EB5
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Tags: eb-5, eb5, I-829, regional center, statistics, uscis, visa, Which EB-5
Posted in Immigration | No Comments » |
January 12th, 2010 |
 How long is the EB5 immigration process? From start to finish, how long will it be before you receive your green card? Unfortunately, there is no definite answer to this question but we can give you some general estimates.
For the first phase—the regional center investment phase—the timeline should not be overly long. Usually this can be accomplished in a matter of two to eight weeks after your decision has been made as to which EB-5 center to invest in; however, every center’s timing and timeline will differ.
The real timing begins with your specialist EB5 immigration attorney submitting your I-526 to the USCIS. The general waiting time for USCIS review of I-526 petitions was previously six to eight months, but since USCIS increased its staff of examiners, it is now down to as little as one to six months.
Once that is approved and your attorney files the application for adjustment of status or for application consular processing of an immigrant visa you will have another waiting time of about six to twelve months for adjustment of status, or two to six months for consular processing. These time-lines vary enormously so please contact us for updated timetables at any time.
The grand total timeline after you submit your original I-526 application is between six and fifteen months. This is the estimated amount of time it will take for you to receive your conditional green card and take up residence in the United States – if you would like advice on what you need to take into account to obtain the quickest time please contact Which EB-5 via email at info@WhichEB5.com or through our website at www.WhichEB5.com
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Tags: consular processing, eb-5, green card, I-526, Immigration, immigration attorney, regional center, united states, uscis, visa, Which EB-5
Posted in Immigration | No Comments » |
January 11th, 2010 |
 Putting together a personal EB5 timetable is good advice Each investor and his or her family have ideas about what they would like their own personal timeline to look like. You should have some idea of a target date or estimated date when you would like to be living in America. Formulating your personal timeline can be difficult and this is where the guidance of an experienced EB5 immigration attorney will prove invaluable. He or she will help you match your goals and needs with the reality of the process and capabilities of processing within the constraints set by outside factors; namely the regional center you choose to invest in and the USCIS.
No discussion of time lines for EB-5 investing is complete without at least introducing the basic timeline for investing from the regional center perspective. USCIS’s procedures and processing times determine most of the timeline in this process; however, you should not underestimate the impact of the regional center and its time lines and procedures on your personal goals.
The timeline for investing from start to finish will vary. In fact, the proposed timeline for a center and their track record for abiding by it may be one of those considerations that you and your immigration consultant weigh when choosing the right regional center for your investment. For further information on time lines for various regional centers contact Which EB-5
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Tags: America, eb-5, eb5, immigration attorney, immigration consultant, processing time, regional center, uscis, visa, Which EB-5
Posted in Immigration | No Comments » |
December 28th, 2009 |
 Is America still a good place to emigrate to? A recent article in the Economist magazine (December 19th 2009) looked at this question in some depth and made some interesting points; including the observation that one of the greatest strengths of America is that people want to live there. A recent immigrant was quoted as saying “America is a land that offers the chance to be whatever you want to be, it is a place where nearly any immigrant can find a niche. In America you can say what you think.”
The article points out that as America is so big and diverse that immigrants have an incredible array of choices. The proportion of Americans who are foreign born is 13% and nearly all Americans are descended from people who came from somewhere else in the past couple of centuries. No matter where an immigrant comes from he can find a cluster of his ethnic kin somewhere in America.
America has 50 states with 50 sets of laws. In America people with unusual hobbies are generally left alone.
Alejandro Mayorkas of the United States Citizenship and Immigration service is quoted as saying “People come to America either because they yearn for freedom or because they are fleeing something – be it a war or a culture that irks them “.
For more information on immigrating to America on the EB-5 investment visa contact info@whicheb5.com
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Tags: America, eb-5, emigrate, immigrant, investment visa, Which EB-5
Posted in Immigration | No Comments » |
December 23rd, 2009 |
If you are reviewing options for the EB-5 investor visa, and looking for a fixed term loan investment program in the education sector, established options have been few and far between.
We have had many requests from clients asking to be informed when additional options become available – we heard yesterday that one of the largest and longest established regional center operators have just announced five places in the University of Pittsburgh Medical Center which they state to be ‘one of the most renowned academic medical centers in the USA. This is a $7 billion organization and the region’s largest employer.’
These programs fill up quickly given interest from China but if you planning immigration soon via the EB-5 visa and are looking for an established regional center operator who has been in business long enough to be returning its first investors $500,000 this may be of interest to you - please contact Chase Brodsky at chase@WhichEB5.com who will immediately arrange for you to be sent details.
We wish all our blog readers a happy holiday season and a prosperous new year.
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Tags: china, eb-5, education, investor visa, regional center, Which EB-5
Posted in Immigration | No Comments » |
December 17th, 2009 |
 Thanks 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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Tags: advice, attorney, certified public accountant, eb-5, eb5, green card, help, immigrants, investment, permanent residence, regional center, visa, Which EB-5
Posted in Immigration | No Comments » |
December 15th, 2009 |
 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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Tags: attorney, consultant, eb-5, green card, immigrants, regional center, visa, Which EB-5
Posted in Immigration | No Comments » |
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