tag:blogger.com,1999:blog-73622471257932898082024-02-20T01:13:31.212-08:00MCFI-USA: The EB-5 Possibility CenterThe Midwest Center for Foreign Investment, LLC (MCFI) has been officially designated by the USCIS as a “Regional Center”. We are located in one of the fastest-growing regions in the United States. Our headquarters location in Atlanta, Georgia is in the heart of the USA and is within two hours flying time of over 75% of the population of the US and Canada. MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.comBlogger50125tag:blogger.com,1999:blog-7362247125793289808.post-54648104082579329142017-08-16T06:50:00.004-07:002017-08-16T06:50:33.863-07:00Join us for EB-5 One-on-One Meetings in Atlanta - Sunday, August 20th!<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="color: #1f497d; font-family: "Georgia","serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text2;">The expiration date of the EB-5 program on September 30th
is fast approaching! Will the amount increase from $500,000 to $800,000
or even $1.35 Million? Although this program has been extended in the past, it
is our belief that the proposed changes will definitely take place after
September 30<sup>th</sup>. <o:p></o:p></span></b></div>
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<b><span style="color: #1f497d; font-family: "Georgia","serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text2;"><br /></span></b></div>
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<b><span style="color: #1f497d; font-family: "Georgia","serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text2;">Learn what other changes are taking place by attending on
our one-on-one meetings held in Atlanta area on Sunday, August 20th. Can’t
make the meeting? We will be happy to send you marketing information for your
review of our available projects or schedule a site visit. <o:p></o:p></span></b></div>
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<b><span style="color: #1f497d; font-family: "Georgia","serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text2;"><br /></span></b></div>
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<b><span style="color: #1f497d; font-family: "Georgia","serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text2;">MCFI Regional Centers have investment opportunities in
Indiana and Georgia. We are
headquartered in Atlanta, with USA offices in Louisville, Kentucky, Clarksville,
Indiana, Houston, Texas. Internationally
MCFI’s offices are located in Ahmedabad, Gujarat. <o:p></o:p></span></b></div>
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<b><span style="color: #1f497d; font-family: "Georgia","serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text2;"><br /></span></b></div>
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<b><span style="color: #1f497d; font-family: "Georgia","serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text2;">MCFI has an approved USCIS project for immediate
investment opportunity in the USA located in Clarksville, Indiana. If this is something you are thinking of for
your family or friends, we recommend you invest while EB-5 is still $500,000
until September 30th.<o:p></o:p></span></b></div>
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<b><span style="color: #1f497d; font-family: "Georgia","serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text2;"><br /></span></b></div>
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<b><span style="color: #1f497d; font-family: "Georgia","serif"; font-size: 12.0pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text2;">H1-B, J-1, F-1 or L-1 Visas also qualify for EB-5! We
have had many investors Space is limited, please contact us by phone at
1-678-302-0707, Whatsapp or Text at 1-859-351-4300 or by email at
info@mcfiusa.com! You can also visit us at <a href="http://www.mcfiusa.com/" target="_blank"><span style="color: #1f497d; mso-themecolor: text2;">MCFIUSA</span></a> and chat with us live! We
look forward to meeting you on Sunday! </span></b><b><span style="color: #1f497d; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-themecolor: text2;"><o:p></o:p></span></b></div>
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-26329581389826668392017-04-28T15:45:00.000-07:002017-04-28T15:45:19.009-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-22978669581429807712017-02-02T12:08:00.000-08:002017-02-02T12:08:11.212-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="color: red; font-family: "Times New Roman","serif"; font-size: 18.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">EB-5 VISA: $500,000 will be $1,350,000</span><o:p></o:p></b></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;">On January 13, 2017,
The U.S. Department of Homeland Security (DHS) that governs the EB-5 Investment
Based Green Card Program through the USCIS, issued a Notice of Proposed
Rulemaking in the <a href="https://www.federalregister.gov/documents/2017/01/13/2017-00447/eb-5-immigrant-investor-program-modernization" target="_blank">Federal Register </a>that will dramatically change the current
program on or before April 28, 2017. <o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;"></span>In the United States, changes are
implemented by either the Senate and Congress passing laws that are then signed
by the President or; Agencies (such as DHS) can issue changes <u>under regulatory authority </u>and place in the Federal Register
of Laws. <o:p></o:p></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;">The DHS has, </span><u>using its regulatory authority</u>, announced the following important
changes to the regulations: <o:p></o:p></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;">1)</span><u> </u><u><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;">Increase
to the Investment Amounts:</span></u><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;"> The DHS is proposing
to increase the minimum investments for new EB-5 petitioners, to reflect that the
program meets the present day dollar value of the investment. Projects that are in a Targeted Employment
Area (TEA), which is an area of high unemployment, will increase from $500,000
to $1.35 million. The DHS is also
proposing to make regular increases to the minimum investment amount every 5
years. <o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;">2) </span><u>TEA Designations:</u> Reform the
Targeted Employment Area (TEA) to ensure that designations comply with the
original intent of Congress. DHS allows
any city or town with high unemployment and a population of 20,000 or more to
qualify as a TEA. Currently, a state
designates the city or town as TEA. The
DHS proposes to eliminate the ability of a state to designate certain
geographic and political subdivisions as high unemployment areas, instead making the designations
directly. <o:p></o:p></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;">3) <u>Priority Date Retention:</u> The
DHS proposes to authorize certain petitioners to retain their priority date of
an approved immigrant investor petition for use in connection with any
subsequent EB-5 immigrant petition. </span> The priority date
retention would be a valuable change due to strong possibilities that the EB-5
visa category will remain oversubscribed in the future. The priority date is the date the petition
was filed with the USCIS. Typically,
when the high demand of visas exceeds the number allocated for the visa
category a priority date is considered more advantageous. <o:p></o:p></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;">“This was an unexpected and swift ruling
by the DHS, as we had been anticipating changes proposed by the Senate and
Congress closer to the April 28th deadline.
The time is now to file for EB-5, while the minimum investment is
$500,000. until the comment period of April 11th” warns Dr. Jay Sheth, Managing Partner of
MCFI. <o:p></o:p></span></div>
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<span style="background: white; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 115%;">The EB-5 investment grants green cards to the
entire family which includes the investor, spouse, and any unmarried children
under the age of 21. For each investor
and their family, 10 jobs need to be created on their behalf to be eligible to
receive a permanent green card.<o:p></o:p></span></div>
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<span style="background: white; font-family: "Times New Roman", serif; font-size: 12pt; line-height: 115%;">Investors can enjoy the benefits of living and
working anywhere in the United States, sponsor green cards for relatives,
travel abroad and return to the United States without an additional visa, study
in the United States at resident cost and after 5 years of eligible stay, apply
for United States citizenship. <o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;">With this new ruling of $1.35 million,
applicants are highly encouraged to contact the MCFI Regional Centers
immediately to initiate their petition filing before the April 28th deadline.. Dr. Sheth recommends to invest only in a
project that is approved by the USCIS, with other investors that have already
received green cards for their family. MCFI
c</span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;">lients
from India, China, Nigeria, Egypt, and Dubai, who have invested in USCIS
approved projects, have already received Green Cards and are living and working
in the United States. </span><span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;"><o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;">Based on MCFI’s extensive experience, compiling
personal and financial documents takes the most time for the applicant to
collect, not facilitating the funds. In
order to initiate filing, applicants should be able to provide the following
documents for their immediate family:
Passports, Birth Certificates, Marriage Certificate, 6 months of Bank
Statements and 5 Years of Tax Returns.
After this information is gathered by working with the investor, MCFI
Regional Center forwards the documents on to an immigration attorney for review. Average preparation time for a petition
filing takes approximately 2-3 weeks once your appointed immigration attorney
reviews and submits the file to USCIS.<o:p></o:p></span></div>
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<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: 0in; margin-right: 2.1pt; margin-top: 0in; mso-pagination: none; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;">Appointed by USCIS in 2010, The Midwest
Center for Foreign Investment (MCFI) Regional Center has convenient offices in
Atlanta, Louisville, Kentucky and Houston, Texas. MCFI also has 2 offices in India located in
Ahmedabad and Baroda in Gujarat. MCFI’s
website is <a href="http://www.mcfiusa.com/">www.mcfiusa.com</a><o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;">MCFI
offers a wide range of investment opportunities such as a USCIS approved mixed
use development, a 96 bed hospital and an assisted living facility. <o:p></o:p></span></div>
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<span style="background: white; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman";">Our USA and India
teams from MCFI Regional Centers are available to answer any questions and can
provide assistance to applicants. </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;"><o:p></o:p></span></div>
<br />
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<span style="font-family: "Times New Roman","serif"; font-size: 11.5pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;">For more information on MCFI and the EB-5
program in USA, please contact Dr. Jay Sheth at j.sheth@mcfiusa.com, Leigh
Bodenheimer, at l.bodenheimer@mcfiusa.com or call 1-678-302-0707.<span style="mso-spacerun: yes;"> </span>To reach MCFI India, please contact </span><span style="mso-arabic-font-family: "Times New Roman"; mso-armenian-font-family: "Times New Roman"; mso-currency-font-family: "Times New Roman"; mso-cyrillic-font-family: "Times New Roman"; mso-default-font-family: "Times New Roman"; mso-greek-font-family: "Times New Roman"; mso-hebrew-font-family: "Times New Roman"; mso-latin-font-family: "Times New Roman"; mso-latinext-font-family: "Times New Roman";"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-weight: bold; mso-bidi-theme-font: minor-bidi;">Mitesh
Sheth at m.sheth@mcfiusa.com, or Jignesh Vora at j.vora@mcfiusa.com.<span style="mso-spacerun: yes;"> </span>MCFI India can be reached by phone or
Whatsapp at +91 99099 91381 or +91 98242 99776. <o:p></o:p></span></span></div>
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com3tag:blogger.com,1999:blog-7362247125793289808.post-82625288886289664882016-12-25T07:07:00.001-08:002016-12-25T07:07:31.105-08:00<div dir="rtl" style="text-align: right;" trbidi="on">
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-88290785462833763702016-07-04T09:19:00.000-07:002016-07-04T09:19:06.666-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: Georgia, Times New Roman, serif;">Wishing everyone a Happy 4th of July! </span></h2>
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com1tag:blogger.com,1999:blog-7362247125793289808.post-26032535698445131932016-06-30T07:13:00.000-07:002016-06-30T07:13:20.841-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "georgia" , "times new roman" , serif;"><span style="color: #3d85c6; font-size: large;">Celebrating communication around the world! </span></span></div>
<span style="font-family: "georgia" , "times new roman" , serif;"><div style="text-align: center;">
<span style="color: #3d85c6; font-size: large;">Happy Social Media Day 2016! </span></div>
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<span style="color: #3d85c6; font-size: small;">#smday #mcfieb5 #mcfiusa</span></div>
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-7604517653825085012016-06-04T08:47:00.001-07:002016-06-04T08:47:45.749-07:00Mourning the loss of an inspirational Legend: Muhammad Ali<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: white; font-family: "verdana" , sans-serif;">Mr. Ali, you have inspired the world with your love and wisdom. </span></div>
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<span style="background-color: white; font-family: "verdana" , sans-serif;">We are deeply saddened by this loss, but know the memory of your inspirational words will go on forever. Our hearts go out to Mr. Ali's family at this time. </span></div>
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<span style="color: #0000ee; font-family: verdana, sans-serif; font-size: x-small; text-decoration: underline;"><br /></span></div>
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<a href="http://www.accessatlanta.com/news/sports/5-ways-muhammad-ali-has-changed-world/nrZTq/" style="font-family: verdana, sans-serif;"><span style="font-size: x-small;">5 ways Mr. Ali has changed the world</span></a></div>
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<a href="http://www.courier-journal.com/story/sports/boxing/muhammad-ali/2025/01/01/muhammad-ali-greatest-fighter-boxer-humanitarian-louisville-world/19190613/" target="_blank"><span style="background-color: white; color: black; font-family: "verdana" , sans-serif; font-size: x-small;">Muhammad Ali - The Greatest Boxer and Humanitarian</span></a></div>
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-24405679433526542132016-02-08T13:02:00.003-08:002016-02-08T13:02:58.551-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-19990513277220619282015-11-07T03:30:00.001-08:002015-11-07T03:31:20.247-08:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;">Wishing you and your family </span><span style="color: blue; font-family: "georgia" , "times new roman" , serif;"><span style="font-size: x-large;">Happy Diwali and a prosperous New Year</span><span style="font-size: x-large;">!</span></span><span style="font-family: "georgia" , "times new roman" , serif;"> </span></h2>
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<a href="http://www.mcfiusa.com/">www.mcfiusa.com</a></div>
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info@mcfiusa.com</div>
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-38881836868400965092015-07-04T05:13:00.000-07:002015-07-04T05:13:15.339-07:00Wishing you a Happy 4th of July!<div class="separator" style="clear: both; text-align: center;">
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<br />MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com1tag:blogger.com,1999:blog-7362247125793289808.post-38056577631626579492015-06-29T10:51:00.000-07:002015-06-29T10:51:50.585-07:00Vanguard: "How to benefit from US investors Visa Programme"<h2>
<b style="font-family: Georgia, 'Times New Roman'; font-size: x-large;">A recent article from Vanguard Newspaper in Nigeria outlines the EB-5 program: </b></h2>
<b style="font-family: Georgia, 'Times New Roman';"><span style="font-size: x-small;">How to benefit from US investors visa programme</span></b><br />
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<span style="color: #3399ff;"><span style="color: #9c0000;"><img src="http://odili.net/news/source/2015/jun/25/vanguard/images/section-logo.jpg" /> Business</span> <img src="http://odili.net/news/source/2015/jun/25/vanguard/images/date-logo.jpg" /> Thursday, June 25, 2015</span></div>
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By Yinka Kolawole, with agency report</div>
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The US Investors Visa Programme was created by the Immigration Act of 1990 to encourage the flow of major investments into the United States to help stimulate the economy through job creation. In exchange for the investments made, the United States offers the foreign investors a variety of immigrant and non-immigrant visa options, such as EB-5; L-1 or EB-1C. This article aims at demystifying the myths associated with the various U.S. Investor Program.</div>
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According to Dr. Martins Imudia, attorney and Director at the Centre for U.S. Immigration Services in Tampa, Florida, it is not enough to buy property in the United States to obtain investors visa.</div>
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He, however, noted that if the investment in property such as house(s) or other form of real estate is substantial enough, leading to sustainable job creation, investors’ visa may be obtained. </div>
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“Many clients have had to invest well over $0.5 million hoping to gain legal permanent residency only to come to us years later and realize that a visa is not available based on the investment. The investors or business visa categories are premised on job creation. Therefore, buying property or other forms of investment is not enough, if sustainable jobs are not created,” he said.</div>
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<strong>EB-5 Visa</strong></div>
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In order to qualify for an EB-5 visa, the foreign investor must establish that he/she will be investing a minimum of $500,000 in a new enterprise, if investing in a Targeted Employment Area (TEA), or $1,000,000, if investing in a metropolitan and Non-Targeted Employment Area (Non-TEA). Starting in September of 2015 under the proposed changes to EB-5 law, the minimum investment required from foreign nationals to qualify for an EB-5 is $800,000 for TEA investments as compared to the $500,000 minimum currently required.</div>
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As for non-TEA, the minimum investment requirement would be at $1.2 million. In addition to the amount involved, the investment must create 10 sustainable jobs for citizens and green card holders. ”What we find with the property investors is that they buy multiple houses with no path for job creation.</div>
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In addition to the challenges of not being able to create jobs, investors run the risk of falling foul of the law depending on how they are paid rents or profit from the property because they do all these without any work authorisation. Before investing in property with the ultimate goal of obtaining an immigrant visa, consult with an experienced immigration attorney,” Imudia stated.</div>
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Most EB-5 practitioners are not familiar enough with a particular market to properly document funding on their own. Also, tax regimes in most emerging countries are weak, so the investor’s source and path of investment funds must be carefully documented to meet U.S. requirements. By transferring money and buying property, it may become more difficult to document the source of funds. Potential investors must therefore work with their EB-5 representatives to discern best practices for documentation.</div>
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<strong>EB-IC Visa</strong></div>
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The EB-1C visa is a good way for small or start-up overseas companies to expand their business and services to the United States. It is reserved for mid to high-level employees of multinational businesses who are being asked by their employer to move to the US. In order to qualify for a Multinational Manager or Executive Visa, an applicant must meet certain requirements - three year work period with the multinational company and specialized background.</div>
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<strong>L-1 Visa</strong></div>
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Unlike the EB-1C, an L-1 visa is a type of a non-immigrant visa, which allows companies to not only conduct intra-company transfers of its employees from its foreign office to its United States office, but – in cases where the foreign company does not have a United States-based office – it also allows them to send executives or managers for the purpose of setting up a new one.</div>
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To qualify for this, the foreign investor must show that he or she has secured the necessary location to house its new office, and that the employee being sent under an L-1 status is someone who has held an executive or managerial position continuously for one year within the three years preceding the filing of an L-1 application.</div>
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In addition, the foreign investor investing in a new office in the United States must show that the new office is one that will support an executive or managerial position within one year after the L-1 petition has been approved.</div>
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For the L-1 visa classification approval, the foreign investor need not meet any monetary investment requirements. However, although there is no specific monetary value required for an L-1 visa, unlike an EB-5, it does not grant its holder permanent residency immediately. Over the course of some years however, the L-1 visa holder may apply for EB-1C visa and obtain immigrant visa so long as jobs are created based on a sustainable substantial investment.</div>
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<strong>Benefits of investors visa</strong></div>
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While investors ultimately obtain immigrant visas for themselves and their family members (spouse and unmarried children under 21), many investors have used the EB-5 platform to transfer technology to their home countries. The platform enables investors to incubate innovative businesses and transfer technology and resources when needed.</div>
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Also, since the United States is the most desired education destination, by obtaining investors visa before children reach the university level, they are able to take advantage of lower university fees.</div>
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Decision on steps for obtaining investors’ visa (whether L-1, EB-1C or EB-5) requires careful review of the investorfs immigration goals and financial resources. It is best to consult with a qualified immigration attorney if you are seeking to enter the United States as an investor.</div>
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<span style="color: red; font-size: x-small;">Source:</span></div>
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<span style="font-family: Georgia, 'Times New Roman';"><span style="color: red; font-size: x-small;">http://odili.net/news/source/2015/jun/25/338.html</span></span></div>
MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com1tag:blogger.com,1999:blog-7362247125793289808.post-66984282495701453812013-04-25T07:49:00.000-07:002013-04-25T07:49:10.814-07:00MCFI Signs Memorandum with Qiencheng Law Firm<!--[if gte mso 9]><xml>
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<![endif]--><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">On March 21, 2013, officials from MCFI visited Qiencheng Law Firm .
During this visit both parties discussed on future cooperation and signed a
Memorandum of understanding.<br />
In this memorandum MCFI assigned Qiencheng Law Firm as MCFI's official
consultant for its EB-5 immigration investment program, and
authorized Qiancheng Law Firm to provide EB-5 consulting service on behalf of
MCFI. <br />
With the successfully establishment of this cooperation Qiancheng Law Firm has
effectively started its value added EB5 consultation to the Chinese customers
in order to help them realizing their dreams of immigration through investment.<br />
MCFI is a USCIS authorized regional center, with the purpose of providing high
quality consultation service to individual investors under the guidance of EB5
pilot program. EB5 program states that each foreign national, along with his or
her spouse and unmarried children under 21 years old, may obtain US permanent
residence status as long as investing 1 million US dollars (or 500,000 US
dollars through TEA or RA) as well as creating 10 jobs in USA.<br />
<br />
</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">美国中西部</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">绿卡投资区域中心(</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">MCFI</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">)的相关</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">负责人员来到乾成律师事务所,就</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">MCFI</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">与乾成的深入合作事宜</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">进行洽商,并签署谅解备忘录。</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;"><br />
</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">在</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">该谅解备忘录中,美国中西部绿卡投资区域中心(</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">MCFI</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">)正式委托乾成作</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">为其</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">EB-5</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">移民</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">计划咨询顾问,并授权乾成代表美国中西部绿卡投资区域中心(</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">MCFI</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">)</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">为中国客户提供</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">EB-5</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">移民咨</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">询服务。基于上述合作关系的成功建立,自即日起,乾成律师事务所推出</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">EB-5</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">移民咨</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">询增值服务,为有意通过投资途径获得美国绿卡从而实现移民梦想的广大客户提供帮助。</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;"><br />
</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">美国中西部</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">绿卡投资区域中心(</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">MCFI</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">)是</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">经美国公民与移民事务局批准指定的</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: Verdana; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">“</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">认</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">可区域中心</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: Verdana; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">”</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">,致力于按照</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">EB-5</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">签证试点计划为个人投资者提供优质的咨询及顾问服务。按照</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">EB-5</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">移民</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">计划规定,只要外国人投资项目金额达到</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">100</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">万美元或者在目</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">标就业区(</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">TEA</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">)、</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">乡郊地区(</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">RA</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">)投</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">资达到</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">50</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">万美元,在美国</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">创造</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">10</span><span style="color: black; font-family: "MS Gothic"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "MS Gothic"; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">个及以上就</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">业机会,该外国人与其配偶及</span><span style="color: black; font-family: "Verdana","sans-serif"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">21</span><span style="color: black; font-family: MingLiU; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: MingLiU; mso-bidi-language: AR-SA; mso-fareast-language: EN-US;">岁以下的未婚子女就可获得美国的永久居留权。</span>MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-73255842962094429102013-04-04T09:02:00.001-07:002013-04-04T09:02:04.798-07:00INC.com "EB-5 Visas: Everything You Need To Know"<h1 style="-webkit-text-size-adjust: auto; 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EB-5 Visas: Everything You Need to Know</h1>
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The EB-5 visa program allows foreigners to invest in American job-creating projects. Could it be an option for your business?</div>
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Following State Department's recent announcement that they are on track to issue a record number of EB-5 visas this year, EB-5 program has been getting quite a bit of press. </div>
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EB-5, or Immigrant Investor Program as it's officially known, was created by Congress in 1990 "to stimulate the U.S. economy through job creation and capital investment by foreign investors," according to the program's official U.S. Citizenship and Immigration Services (USCIS)<span class="Apple-converted-space"> </span><a href="http://www.uscis.gov/portal/site/uscis/menuitem.eb1d4c2a3e5b9ac89243c6a7543f6d1a/?vgnextoid=facb83453d4a3210VgnVCM100000b92ca60aRCRD&vgnextchannel=facb83453d4a3210VgnVCM100000b92ca60aRCRD" style="color: #003399; text-decoration: none;">web page</a>.</div>
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The program allows foreign investors obtain a green card and a<span class="Apple-converted-space"> </span><a href="http://www.washingtonpost.com/politics/foreign-citizens-making-big-investments-in-us-in-exchange-for-green-cards/2013/03/21/ecf250d2-8d72-11e2-b63f-f53fb9f2fcb4_story_1.html" style="color: #003399; text-decoration: none;" target="_blank">path to citizenship</a>when they invest in a U.S. project that creates at least 10 new jobs. According to<a href="http://www.cdfa.net/cdfa/cdfaweb.nsf/ordredirect.html?open&id=iiusa-eb5-statistics-2012.html" style="color: #003399; text-decoration: none;">Association to Invest in USA<span class="Apple-converted-space"> </span></a>(IIUSA), the program has brought in an influx of investment from all over the world-- South Korea, Great Britain, Canada-- but a majority of the foreign investors are from China. This could be attributed to the fact that there are no country-based caps or quotas imposed on the EB-5 visas, unlike, say an employment-based visa. Since 1990, <a href="http://www.washingtonpost.com/politics/foreign-citizens-making-big-investments-in-us-in-exchange-for-green-cards/2013/03/21/ecf250d2-8d72-11e2-b63f-f53fb9f2fcb4_story.html" style="color: #003399; text-decoration: none;">foreigners have invested</a> more than $6.8 billion, and the U.S. has given out 29,000 visas through the EB-5 visa program. </div>
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Critics have said the program allows these investors to essentially buy their citizenship. But at a time when access to capital has been limited, the program has recently been used to launch new businesses, as well as revive troubled small businesses, helping them preserve jobs that would have otherwise been terminated. </div>
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Small Business and EB-5</h2>
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Here's how it works: In order to attract EB-5 investment, a project for which business is raising funds needs to be financially viable and marketable, with plenty of job creation and a clear exit to return funds, notes Brian Ostar, a director of investor relations at<span class="Apple-converted-space"> </span><a href="http://www.eb5capital.com/" style="color: #003399; text-decoration: none;">EB5 Capital</a> Regional Center. </div>
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"A small business owner may have stiff competition in the market with some of the larger projects, but if the project follows some basic EB-5 guidelines, then it has a chance of raising funds," he says.</div>
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However, there is a reason why small EB-5 funded businesses and projects rarely make it into the news. </div>
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"Although some small businesses and smaller-scale projects have indeed raised funds, the market has shifted over the past few years as foreign investors are more drawn to larger-scale and higher-profile developments," Ostar says.</div>
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Soliciting foreign investment is an expensive endeavor that comes with numerous travel, consulting and legal costs--among other things. The cost of raising foreign investments is often so high that projects that need $1 to $5 million in funds might not consider it worth the payout, says Ostar. </div>
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Don't give up hope just yet, says Peter Joseph, executive director of IIUSA.</div>
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"There are definitely small businesses participating in the program and they are having an incredible impact on their community," said Joseph, naming restaurants and assisted living facilities as some examples of small businesses that have found investors through EB-5.<span class="s1"> </span> </div>
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<b>Getting Started</b></h2>
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Before your business starts soliciting foreign investors, you should be able to answer these few questions: </div>
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<b><em>Are you patient and thorough? </em></b></div>
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"[EB-5 process] takes a lot of patience. It is not something that happens quiet easily. It requires extensive due diligence and a lot of research," says Joseph, stressing that the process entails "a lot moving parts." </div>
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Most experts advise interested businesses to get in touch with USCIS approved<span class="Apple-converted-space"> </span><a href="http://www.uscis.gov/portal/site/uscis/menuitem.eb1d4c2a3e5b9ac89243c6a7543f6d1a/?vgnextoid=2785a5f224a2e210VgnVCM100000082ca60aRCRD&vgnextchannel=2785a5f224a2e210VgnVCM100000082ca60aRCRD" style="color: #003399; text-decoration: none;">EB-5 Regional Center</a><span class="Apple-converted-space"> </span>for their area. Regional Centers are in place to pull in investments to be matched with individual projects and work well within the realms of the program, explains Bentley. </div>
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USCIS spokesman Christopher Bentley agrees with Joseph, saying, "The most important piece of advice, is to be extra careful and as complete as you possibly can. Remit the proper payment. Sign where you are supposed. Be thorough." </div>
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If a project/business were to utilize a Regional Center to obtain its foreign investment, the center would handle and oversee the "moving parts" for it. </div>
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<b><em>Is your business located in the right area? </em></b></div>
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EB-5 has two different minimums for investments that qualify for the program. </div>
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If foreign investors invest $1 million or more, they can invest anywhere within the U.S. If they invest less than $1 million, they will be restricted to particular areas as defined by the EB-5 guidelines. </div>
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The minimum qualifying investment for the program is $500,000 and must be invested in one of two types of areas. This requirement aims to stimulate economy in rural areas, which are defined by USCIS as areas "outside a metropolitan statistical area or outside the boundary of any city or town having a population of 20,000 or more." Other areas that are the focus of the program are targeted economic areas, often referred to as TEA zones, and are defined as areas with an unemployment of at least 150 percent of the national average. </div>
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"Each state has their own TEA policy. Certain states have pre-determined TEA zones, and other states allow you to apply or request for a certain zone," said Ostar.<span class="s1"> </span></div>
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<b><em>Will your business create enough jobs? Can you prove it? </em></b></div>
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Each foreign investor must demonstrate that their investment has resulted in the creation of ten jobs. Since the program is looking to stimulate the U.S. economy, preserving 10 jobs in troubled businesses also qualifies. </div>
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The troubled business label can carry with it<span class="Apple-converted-space"> </span><a href="http://online.wsj.com/article/SB10001424127887324445904578285863761735122.html" style="color: #003399; text-decoration: none;">a certain stigma</a>, but investing in a new business rather in a troubled business is "not necessarily safer," said Joseph. "Both have the intended economic impact, a tangible economy impact in terms of jobs. So, as long as the investors are fully informed about the business before making their decision, it's no different than any other venture," he added. </div>
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According to Ostar, the first project in which EB5 Capital was involved utilized the 'job preservation' model at a ski resort in Vermont. However, he did note, that "overall, most projects deal new job creation as opposed to job preservation." </div>
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<b><em>Is your business plan viable? </em></b></div>
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One of the ways that USCIS determine whether EB-5 visa requesters meet the requirements of the program is by evaluating a submitted proposals. Bentley assures us that USCIS has hired economists and does not just rely on those with immigration background to conduct these evaluations. </div>
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According to Ostar, if you chase an EB-5 investment, the center would be responsible for assisting you in creating an EB-5 compliant business plan. </div>
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"It is possible to apply for an EB-5 visa without investing through a Regional Center, but this would require the applicant to write his or her own business plan. There are specialized EB-5 consultants who can assist in the writing of these plans," adds Ostar.<span class="s1"> </span></div>
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<span class="s1"><br /></span></div>
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<span class="s1">Source: </span><br /><a href="http://www.inc.com/jana-kasperkevic/EB-5-visa-guide-business-foreign-investor-immigration-path-citizenship.html">http://www.inc.com/jana-kasperkevic/EB-5-visa-guide-business-foreign-investor-immigration-path-citizenship.html</a></div>
MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com2tag:blogger.com,1999:blog-7362247125793289808.post-21798795168126732712013-03-13T06:34:00.002-07:002013-03-13T06:36:30.704-07:00Interactive EB-5 Targeted Employment Area (TEA) Map by Impact DataSource<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img border="0" height="310" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgj88u6rBGIOoyXbgUTCnWAZL24M52ifvgiUrxdt0Z3RbFE7nfMg7Gu_cHCTltLhdQLuwICniEBDW5qMNJjE3GiVTkri5BbmTUQGNbqCWi0UZFNPx5QO06qlCLbzKm_3sXPI6SMgU_ZCGFD/s400/Capture.PNG" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="color: #0000ee;">Source: </span><br />
<a href="http://impactdatasource.maps.arcgis.com/apps/OnePane/basicviewer/index.html?appid=1d03dd0e17bb4ae39a8b686c4d1a7a9d">http://impactdatasource.maps.arcgis.com/apps/OnePane/basicviewer/index.html?appid=1d03dd0e17bb4ae39a8b686c4d1a7a9d</a></td></tr>
</tbody></table>
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</div>
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Impact DataSource prepared the following map that presents Bureau of Labor Statistics annual average unemployment data for State, Metropolitan Statistical Area (MSA), County, Place (City) and Census Tract areas.</div>
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The map identifies high unemployment areas that qualify as a targeted employment area (TEA) for the purposes of the USCIS EB-5 program. Targeted employment areas may consist of a state, county, MSA, city or tract with an unemployment rate greater than 150% of the national average as reported by the Bureau of Labor Statistics. Qualifying areas of high unemployment are highlighted in RED in the map. Additional labor force and employment data are available by clicking on specific locations.</div>
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Targeted employment areas may also be constructed by combining multiple contiguous census tracts where the unemployment rate of the combined region exceeds the high unemployment threshold. Additionally, rural areas also qualify as targeted employment areas. A rural area must be both outside of a metropolitan statistical area and outside of a city or town having a population of 20,000 or more.</div>
<br />MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-41700364478134233682013-03-13T06:25:00.006-07:002013-03-13T06:25:52.645-07:00EB-5 Statistics <div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix15oHvHDwkQcz55GIZMGELA4BTD2BOSvMMNOHEv5y2-08Fp6s1BaLLC7sFMTrYMbbJ-nZ7KioPLR_f0mPV-6hsmhG-1qhN3MXvbgbkSpE9Eab8mKDX9lklwFGx0Ca4EQw2EzqDD4wUqDy/s1600/eb5-visa-program-statistics.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix15oHvHDwkQcz55GIZMGELA4BTD2BOSvMMNOHEv5y2-08Fp6s1BaLLC7sFMTrYMbbJ-nZ7KioPLR_f0mPV-6hsmhG-1qhN3MXvbgbkSpE9Eab8mKDX9lklwFGx0Ca4EQw2EzqDD4wUqDy/s1600/eb5-visa-program-statistics.jpg" /> </a></div>
<div class="separator" style="clear: both; text-align: center;">
Source: <a href="http://www.eb5investors.com/eb5-visa-program-statistics">http://www.eb5investors.com/eb5-visa-program-statistics </a></div>
<br />MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com1tag:blogger.com,1999:blog-7362247125793289808.post-83802407176726626662013-02-22T07:32:00.000-08:002013-02-22T07:32:09.061-08:00U.S. Department of State Releases Latest Visa Bulletin: China Cut-Off Date Not Anticipated To Be Imposed During FY2013<!--[if gte mso 9]><xml>
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<a href="http://iiusa.createsend5.com/t/r-l-uullkyy-yhiiiukjld-ii/"><span style="color: #fa0a0a; text-decoration: none; text-underline: none;"><br /></span></a></div>
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<span style="color: #0a0a0a; font-family: "Arial","sans-serif"; font-size: 10.0pt;">The <a href="http://iiusa.createsend5.com/t/r-l-uullkyy-yhiiiukjld-id/"><b><span style="color: #130fa1; text-decoration: none; text-underline: none;">U.S.
Department of State</span></b></a> released its <a href="http://www.travel.state.gov/visa/bulletin/bulletin_5885.html"><b><span style="color: #130fa1; text-decoration: none; text-underline: none;">Visa Bulletin for March 2013</span></b></a> earlier this month. The central purpose
of this Bulletin is to collect immigration data from consular officers and
summarize the information concerning the availability of U.S. visas for
allocation to petitioning immigrants. If demand exceeds the number of visas
available within a fiscal year, the State Department issues a cut-off date
for the oversubscribed countries. Only visa applications which were received <em><span style="font-family: "Arial","sans-serif";">before</span></em> the cut-off date
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<span style="color: #0a0a0a; font-family: "Arial","sans-serif"; font-size: 10.0pt;">The latest issue of the Bulletin states that visa demand
patterns over the first six months of FY-2013 are averaging out to a
manageable level, which is excellent news for IIUSA and our industry
stakeholders because it predicts the likelihood that all EB-5 foreign
investors petitions will be processed in FY2013. Furthermore, demand patterns
indicate that FY2013 will be a record breaking year of EB-5 capital
formation. The Program is anticipated to contribute well over $2.0
billion USD to the already $4.7+ billion USD in EB-5 capital formation since
2005 - creating tens of thousand of American jobs along the way at no cost to
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com1tag:blogger.com,1999:blog-7362247125793289808.post-15664129544108025432013-02-15T06:06:00.004-08:002013-02-15T06:06:59.631-08:00EB-5 Expo in Mumbai...March 2, 2013<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW0qQ0DjpPgl0SK6fif-fedDSQjBLFYTgB-p8ULTrz6yUPWk2QAHilm7Zog4q26p4GRb77DRdlERqObFPd4ZlHA_Q-FnsXqmLVCKZnPcKB97UA0t23LGURL8aNTv8n7gNZbkfFzfNwK5Dm/s1600/EB_5_Expo_Invitation_card_1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW0qQ0DjpPgl0SK6fif-fedDSQjBLFYTgB-p8ULTrz6yUPWk2QAHilm7Zog4q26p4GRb77DRdlERqObFPd4ZlHA_Q-FnsXqmLVCKZnPcKB97UA0t23LGURL8aNTv8n7gNZbkfFzfNwK5Dm/s640/EB_5_Expo_Invitation_card_1.jpg" width="432" /></a></div>
<br />MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-84365329271509446972013-02-12T09:01:00.003-08:002013-02-12T09:01:31.302-08:00蛇年快樂! Happy Year of the Snake!<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_oo_-3bm2ZUbnwO2iFMXOwtUEizPeKKMx64Hdonbojmyu0FRISZqhYrsJPSLsSIGin-sypWLgbZihWN7m2fqpJNMghvUSURs7N22XSMgB-pWTw0dwN2tYdz_LSL6_f4JPhnJQ-pOJUT9r/s1600/chinese+new+year+mcfi_2013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_oo_-3bm2ZUbnwO2iFMXOwtUEizPeKKMx64Hdonbojmyu0FRISZqhYrsJPSLsSIGin-sypWLgbZihWN7m2fqpJNMghvUSURs7N22XSMgB-pWTw0dwN2tYdz_LSL6_f4JPhnJQ-pOJUT9r/s400/chinese+new+year+mcfi_2013.jpg" width="400" /></a></div>
<br />MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-65661663600283847652013-01-18T07:48:00.002-08:002013-01-18T07:48:13.821-08:00USCIS Launches New "Case Status Check" and "Processing Times" Web Application<!--[if !mso]>
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USCIS Launches New "Case Status Check" and
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<span style="color: #0a0a0a; font-family: "Helvetica Neue"; font-size: 10.0pt;"> Earlier this month, USCIS launched a new webpage that allows
people to check-in of case status using a receipt number. It also has a
feature that compares the current average processing times for
immigration-related petitions with the stated goal of USCIS. I-924
applications are not included, but I-526 and I-829 petitions are...</span></div>
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MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-22273746500699641552013-01-18T07:46:00.001-08:002013-01-18T07:46:15.489-08:00USCIS Appoints Interim Chief of Immigrant Investor Programs to Oversee Establishment of DC Program Office<!--[if gte mso 9]><xml>
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<a href="http://iiusa.cmail2.com/t/r-l-uiwsd-yhiiiukjld-jj/"><span style="color: #fa0a0a; text-decoration: none; text-underline: none;">USCIS Appoints
Interim Chief of Immigrant Investor Programs to Oversee Establishment of DC
Program Office</span></a></div>
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<span style="color: #0a0a0a; font-family: "Helvetica Neue"; font-size: 10.0pt;">Earlier this week, at a <a href="http://iiusa.cmail2.com/t/r-l-uiwsd-yhiiiukjld-jt/"><b><span style="color: #130fa1; text-decoration: none; text-underline: none;">"National
Stakeholders Engagement"</span></b></a> with UCIS Director, Alejandro N.
Mayorkas, a couple of pieces of EB-5 related information was provided:</span></div>
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<span style="color: #0a0a0a; font-family: "Helvetica Neue"; font-size: 10.0pt;">First, the Director announced that he has appointed Robert H.
Cox as Interim Chief of Immigrant Investor Programs to Oversee the
establishment of the DC Program Office in the coming months. Mr. Cox had
been working on the <a href="http://iiusa.cmail2.com/t/r-l-uiwsd-yhiiiukjld-ji/"><b><span style="color: #130fa1; text-decoration: none; text-underline: none;">Entrepreneurs in
Residence (EIR) Initiative with USCIS</span></b></a> most recently. A
short bio from the USCIS reads as follows:</span></div>
<div class="MsoNormal" style="line-height: 13.5pt; margin-left: .25in; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list .5in; text-indent: -.25in;">
<span style="color: #0a0a0a; font-family: Symbol; font-size: 10.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><em><span style="color: #0a0a0a; font-family: "Helvetica Neue"; font-size: 10.0pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: "Times New Roman";">Robert H. Cox
is an Associate Counsel in the Adjudications Law Division for the USCIS Office
of the Chief Counsel in Washington, DC. Prior to joining USCIS in August
2010, Robert worked in private practice specializing in employment based
immigration law. Robert received his Juris Doctorate Cum Laude from Wayne
State University Law School in Detroit, Michigan and his Bachelor’s degree with
Honors from Michigan State University.</span></em><span style="color: #0a0a0a; font-family: "Helvetica Neue"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";"></span></div>
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<span style="color: #0a0a0a; font-family: "Helvetica Neue"; font-size: 10.0pt;">Second, the Director stated that the <a href="http://iiusa.cmail2.com/t/r-l-uiwsd-yhiiiukjld-jd/"><b><span style="color: #130fa1; text-decoration: none; text-underline: none;">comprehensive
EB-5 adjudications guidance memorandum that has been shelved in draft form for
over a year now</span></b></a> will soon be distributed again with new
revisions - likely with one last call for comment from the public. IIUSA
will be monitoring this closely, eager to see this memorandum finalized and
implemented as soon as possible.</span></div>
<span style="color: #0a0a0a; font-family: "Helvetica Neue"; font-size: 10.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">On a more macro-level, the
focus of the National Engagement with the Director was the <a href="http://iiusa.cmail2.com/t/r-l-uiwsd-yhiiiukjld-jh/"><b><span style="color: #130fa1; text-decoration: none; text-underline: none;">comprehensive
policy manual that just had its first volume published by USCIS</span></b></a>
- which will supplant the Adjudicators Field Manual once the manual has been
fully implemented. The manual was described by the Director as the first
of many iterations of the manual, and the result of a comprehensive, multi-year
review of all agency policies.</span>MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-88560996615065501222012-12-27T05:25:00.000-08:002012-12-27T05:25:08.109-08:00MCFI's Sharma to Present EB-5 Program in India<div class="MsoNormal">
The Midwest Center for Foreign Investment will be sending
one of its finest, Chandler Sharma, an immigration attorney, to India in January/February
to present seminars about the EB-5 Visa Program. Sharma will educate future
investors on this U.S. Visa Program. Below is the schedule of select cities
where Mr. Sharma will be presenting the seminars.</div>
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<ul>
<li>January 4-5<span style="mso-tab-count: 3;"> </span>Mumbai</li>
<li>January 6-9<span style="mso-tab-count: 3;"> </span>Cochin</li>
<li>January 10 to 14<span style="mso-tab-count: 2;"> </span>Bangalore</li>
<li>January 15 to 17<span style="mso-tab-count: 2;"> </span>Chennai</li>
<li>January 18 to 22<span style="mso-tab-count: 2;"> </span>Ahmedabad</li>
<li><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span>January 23 to 26<span style="mso-tab-count: 2;"> </span>Hyderabad</li>
<li><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span>January 27 to 30<span style="mso-tab-count: 2;"> </span>Goa</li>
<li>January 31 to February 4<span style="mso-tab-count: 1;"> </span>Chennai</li>
<li>February 5 to 7 <span style="mso-tab-count: 3;"> </span>Delhi/Ludhiana</li>
<li><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;"><span style="font: 7.0pt "Times New Roman";"></span></span></span>February 8 and 9<span style="mso-tab-count: 1;"> </span><span style="mso-tab-count: 1;"> </span>Mumbai</li>
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<br /></div>
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**MCFI will conduct only private meetings to qualified
accredited investors.</div>
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<br /></div>
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The EB-5 program allows foreigners to invest in a commercial
enterprise project that stimulates the U.S. economy. EB-5 participants will
make an investment of $500,000 to $1,000,000 USD into a project that will
create at least 10 jobs for U.S. citizens. In return, the investor will
be eligible for a United States Green Card. This can be obtained for yourself,
your spouse, and any unmarried children up to 21 years of age. More
information on the EB-5 visa program can be found <a href="http://www.mcfiusa.com/">here</a>.</div>
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<br /></div>
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For those of you who are interested in attending one of
these events, but are not currently registered to attend, please email us
directly at <a href="mailto:info@mcfiusa.com">info@mcfiusa.com</a>. </div>
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<br /></div>
You can also learn more about EB-5 investments and MCFI’s
available projects by visiting our <a href="http://www.mcfiusa.com/">webpage</a>.
Get updates on where MCFI will be presenting its next seminars by subscribing
to our <a href="http://www.mcfiusa-eb5.blogspot.com/">blog</a> or following us
on <a href="http://www.facebook.com/pages/MCFI-Midwest-Center-for-Foreign-Investment-The-EB-5-Possibility-Center/165218413519893">Facebook</a>,
<a href="http://www.linkedin.com/groups?gid=3712393&mostPopular=&trk=tyah">LinkedIn</a>,
and <a href="http://twitter.com/#%21/mcfieb5" style="text-decoration: underline;">Twitter</a>. MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com1tag:blogger.com,1999:blog-7362247125793289808.post-26637532035938294712012-11-13T06:48:00.001-08:002012-11-13T06:48:20.177-08:00Executive Assistant position available with EB-5 Regional Center in Louisville, Kentucky<h3 class="groups title" style="-webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; border: 0px; color: #333333; font-family: Arial, Helvetica, 'Nimbus Sans L', sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: inherit; letter-spacing: normal; margin: 0px; orphans: 2; outline: 0px; padding: 0px; text-align: start; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 2; word-spacing: 0px;">
Seeking Executive Assistant for growing foreign investment/economic development firm in Louisville, Kentucky. Send email to c.summers@mcfiusa.com for details. </h3>
MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-40693683922621966222012-09-10T11:10:00.000-07:002012-09-10T11:10:00.202-07:00House Scheduled to Vote on 3 Year Reauthorization of EB-5 Regional Center Program Tomorrow (Tues)!by Peter Joseph, Executive Director of IIUSA<br />
<br />
<div style="-webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #e6e6e6; color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 20px; margin: 0px; orphans: 2; padding: 0px 0px 15px; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
The U.S. House of Representatives reconvenes this week, with <a data-cke-saved-href="http://majorityleader.gov/floor/weekly.html" href="http://majorityleader.gov/floor/weekly.html" style="color: #1e4d79; text-decoration: none;">a 3 year reauthorization of the EB-5 Regional Center Program on the “suspension of the rules” calendar for tomorrow (Tuesday 9/11/12)</a>. <strong>Please contact <a data-cke-saved-href="http://www.house.gov/" href="http://www.house.gov/" style="color: #1e4d79; text-decoration: none;">your representative in the House</a> TODAY (using <a data-cke-saved-href="http://iiusablog.org/wp-content/uploads/2012/08/IIUSA-EB5-sign-on-letter-AugHouse2012-FINAL.pdf" href="http://iiusablog.org/wp-content/uploads/2012/08/IIUSA-EB5-sign-on-letter-AugHouse2012-FINAL.pdf" style="color: #1e4d79; text-decoration: none;">IIUSA’s 375+ signatory letter to House leadership</a>) and request that they vote “YES” on S. 3245 when it comes up for vote TOMORROW!</strong></div>
<div style="-webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #e6e6e6; color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 20px; margin: 0px; orphans: 2; padding: 0px 0px 15px; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
The Senate aleady passed <a data-cke-saved-href="http://www.govtrack.us/congress/bills/112/s3245" href="http://www.govtrack.us/congress/bills/112/s3245" style="color: #1e4d79; text-decoration: none;">S. 3245</a> (on 8/2/12), meaning after the House acts tomorrow the legislation will head to President Obama’s signature. IIUSA will keep you updated as we move forward into the final stages of the legislative process.</div>
<div style="-webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #e6e6e6; color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 20px; margin: 0px; orphans: 2; padding: 0px 0px 15px; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<strong>Thank you for all of the time, effort, and resources you put into EB-5 Regional Center Program advocacy! We are so close to making it official thanks to our collective work. </strong></div>
Link: <a href="http://iiusablog.org/government-affairs/house-scheduled-vote-3-year-reauthorization-eb5-regional-center-program-tomorrow-tues-contact-congress/">http://iiusablog.org/government-affairs/house-scheduled-vote-3-year-reauthorization-eb5-regional-center-program-tomorrow-tues-contact-congress/</a>MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-41211422961086732982012-09-07T09:57:00.005-07:002012-09-07T09:57:54.856-07:00Visas-for-Dollars Program a Boon to Hotel Developers <br />
By Janet Morrissey<br />
<br />
<div style="-webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; color: #333333; font-family: georgia, 'times new roman', times, serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; margin: 0px 0px 1em; orphans: 2; padding: 0px; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
When<span class="Apple-converted-space"> </span><a class="tickerized" href="http://dealbook.on.nytimes.com/public/overview?symbol=MAR&inline=nyt-org" style="color: #48709a; text-decoration: none;" title="More information about Marriott International Inc">Marriott International</a><span class="Apple-converted-space"> </span>wanted to open a new hotel in downtown Seattle, the company’s developers didn’t sell bonds, take out a mortgage or tap other traditional forms of financing for the $88 million project. Instead, it raised the bulk of the money from wealthy immigrants who wanted a green card.</div>
<div style="text-align: right;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFI_2tGYeDrLgVoUC2b-05cZUS4R07QbmSMSNwVkYThi-w9dRxICbJTi7ZAfpMEQzDFqJjElxp4fQl2xVYckBVoqAzvdJZqAzM0S_BuJCl7qircHlILCpjv-AvOOBKUzEdzhKhsSe6JP7A/s1600/Hotel-articleInline.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFI_2tGYeDrLgVoUC2b-05cZUS4R07QbmSMSNwVkYThi-w9dRxICbJTi7ZAfpMEQzDFqJjElxp4fQl2xVYckBVoqAzvdJZqAzM0S_BuJCl7qircHlILCpjv-AvOOBKUzEdzhKhsSe6JP7A/s1600/Hotel-articleInline.jpg" /></a></div>
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A government program, which grants so-called EB-5 visas to foreigners who invest at least $500,000 in an American business, is now a popular source of financing for new Marriott hotels. Since the Seattle deal in 2008, the company has endorsed 14 projects that use EB-5 financing, including the downtown Milwaukee Marriott, a Courtyard Marriott in Midtown Manhattan and a $168 million hotel near the Staples Center in Los Angeles.</div>
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“It’s created liquidity in a relatively illiquid market,” said Anthony Capuano, the chief development officer at Marriott.</div>
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The EB-5 program has been around since 1990, but small hotel developers started flocking to it in the aftermath of the financial crisis of 2008. They didn’t have much choice. With the economy in tatters and the travel market tanking, many projects stalled or were canceled altogether when financing evaporated. Even now as the industry fundamentals improve and room occupancy rates rise, money is hard to come by — expensive for some, nonexistent for others.</div>
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The federal government offers an alternative. Under the<span class="Apple-converted-space"> </span><a class="tickerized" href="http://topics.nytimes.com/top/reference/timestopics/organizations/c/citizenship_and_immigration_services_us/index.html?inline=nyt-org" style="color: #48709a; text-decoration: none;" title="More articles about United States Citizenship and Immigration Services.">Citizenship and Immigration Services</a>’ Immigrant Investor Program, foreigners can obtain EB-5 visas — essentially temporary residency status — by investing $1 million, or $500,000 in high unemployment areas, in a commercial venture that generates 10 jobs over two years.</div>
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It has proved to be a relatively cheap source of financing. Hotel developers can raise money through the EB-5 program by offering returns of less than 4 percent. In contrast, the interest rates on debt starts at 6 percent, with some riskier forms of financing running at 10 percent or higher. Investors who take an equity stake in a hotel project aim for returns of 20 percent.</div>
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“Foreigners are buying visas and are much less concerned about the rate of return they earn on their investment,” said David Loeb, a senior analyst at Robert W. Baird.</div>
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Despite the potential advantages, big industry players were reticent at first. Many dismissed it as a marginal program for questionable projects that couldn’t get financing any other way. They also wondered how developers could round up 200 investors to pay for a $100 million project.</div>
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“We would go to conferences and talk about the program, and people just didn’t believe it was real — they didn’t believe you could raise that much money,” said Catherine D. Holmes, partner at the law firm Jeffer Mangels Butler & Mitchell. Once Marriott was in the picture, “people started to take it more seriously,” said Ms. Holmes, whose firm is helping clients use EB-5 financing for 40 different hotel projects.</div>
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Over the last 18 months, developers for Hilton Worldwide,<span class="Apple-converted-space"> </span><a class="tickerized" href="http://dealbook.on.nytimes.com/public/overview?symbol=H&inline=nyt-org" style="color: #48709a; text-decoration: none;" title="More information about Hyatt Hotels Corp">Hyatt Hotels</a><span class="Apple-converted-space"> </span>and<a class="tickerized" href="http://dealbook.on.nytimes.com/public/overview?symbol=HOT&inline=nyt-org" style="color: #48709a; text-decoration: none;" title="More information about Starwood Hotels & Resorts Worldwide Inc">Starwood Hotels & Resorts Worldwide</a><span class="Apple-converted-space"> </span>have turned to EB-5 financing. In July,<a class="tickerized" href="http://dealbook.on.nytimes.com/public/overview?symbol=FCH&inline=nyt-org" style="color: #48709a; text-decoration: none;" title="More information about Felcor Lodging Trust Inc">FelCor Lodging Trust</a><span class="Apple-converted-space"> </span>announced plans to raise $45 million through EB-5 financing as part of its planned $230 million redevelopment of the Knickerbocker Hotel in Times Square. Sam Nazarian, the hospitality magnate known for his celebrity-packed hotels, restaurants and nightclubs in Los Angeles, plans to build the first SLS hotel in New York with EB-5 money.</div>
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“It’s a method of financing that’s current, available and very credible,” said Craig Mance, Hilton’s senior vice president for development for North America “It’s helping deals move forward.” Hilton has 10 projects relying on EB-5 financing.</div>
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EB-5 financing has been a boon to development broadly.</div>
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So far this year, the government has issued 3,002 temporary visas through the program, up from 640 in 2008. Most have gone to Chinese immigrants, with a number handed out to investors in Britain, India, the Netherlands and South Korea.</div>
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Developers often work with so-called regional centers, federally approved organizations that help them draw up business plans and recruit potential investors.</div>
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While the regional center program is slated to end on Sept. 30, the Senate approved a bill to extend it for three years. It is expected to pass Congress, although a date has not been set for the vote in the House.</div>
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The program has been a good fit for hotels, which create direct jobs — desk people, housekeepers and managers — as well as indirect employment for the companies providing towels and other supplies. “Hotels are 24-hour-a-day, 365-day businesses,” said Mr. Capuano of Marriott. “They’re ideal for driving job growth.”</div>
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Marriott’s 377-room hotel under construction in Los Angeles is estimated to generate 4,240 direct and indirect jobs by 2016, above its EB-5 goal of 3,360. The developers benefit in part from the hotel’s proximity to the Staples Center, which houses four professional sports teams; Marriott guests are expected to help drive the sales of tickets and team souvenirs. The project even gets a boost from the jumbo electronic billboard outside the hotel, which should lead to jobs for advertising, marketing and leasing the sign.</div>
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“The idea is that more money in the economy equates to more jobs,” said Henry Liebman, the president of American Life, a regional center that worked with Marriott’s developers.</div>
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The program has had its share of problems. It was suspended from 1998 to 2003 over complaints of fraud and corruption, according to the government agency that oversees that program. In some cases, a foreign investor would commit money with a promissory note, then never hand over the cash. There were also cases where middlemen would siphon off cash, leaving little for the developers. Other times, developers took the cash but never built the project.</div>
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“There were some issues with investors trying to circumvent the capital and job-creation requirements,” said Claire Nicholson, a spokeswoman for Citizenship and Immigration Services.</div>
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The government has worked to clean up the program. Investors are now required to pay the full amount upfront and any fees to middlemen must be paid separately.</div>
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“We’re committed to ensuring the program achieves its job creation mission efficiently and effectively,” Ms. Nicholson said.</div>
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As Marriott and other big hoteliers have jumped on board, they have also helped improve the credibility of the program, according to industry players.</div>
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The hotel companies closely analyze each project, whether or not they use EB-5 financing. They want to ensure the hotel meets brand standards and the debt levels are manageable.</div>
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“If someone tells me they’ve got a $10 million project and they’ve got $10.5 million in debt, that’s a project that I’m going to question because it’s overleveraged,” Mr. Mance of Hilton said. It’s up to the developers and the regional centers to ensure the project meets the EB-5 requirements.</div>
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Even after traditional financing comes back significantly, Marriott, Hilton and others say they are likely to continue using the EB-5 program. It’s relatively cheap and stable, and it complements other financing sources. Said Mr. Mance: “If it works, why not use it again?”</div>
<h6 class="metaFootnote" style="color: #aaaaaa; font-family: arial,helvetica,sans-serif; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 1.273em; margin: 0px; orphans: 2; padding: 0px; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<span style="font-size: xx-small;">A version of this article appeared in print on 09/07/2012, on page B5 of the NewYork edition with the headline: Visas-for-Dollars Program a Boon to Hotel Developers.</span></h6>
<h6 class="metaFootnote" style="color: #aaaaaa; font-family: arial,helvetica,sans-serif; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 1.273em; margin: 0px; orphans: 2; padding: 0px; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<span style="font-size: xx-small;">Link: </span><a href="http://dealbook.nytimes.com/2012/09/06/visas-for-dollars-program-a-boon-to-hotel-developers/">http://dealbook.nytimes.com/2012/09/06/visas-for-dollars-program-a-boon-to-hotel-developers/</a><span style="font-size: xx-small;"> </span></h6>
MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0tag:blogger.com,1999:blog-7362247125793289808.post-74463073881180670142012-09-04T07:18:00.002-07:002012-09-04T07:18:28.505-07:00MCFI Joins KY & IN Leaders at Groundbreaking of East-end BridgeThursday, August 30, 2012<br />
<br />
After 40+ years of discussion, the Ohio River Bridges Project is
officially under way. Representatives from MCFI joined Governor Besehar
(KY), Governor Daniels (IN), Rep. John Yarmuth (KY), Rep. Todd Young
(IN), Mayor Fischer (Louisville), and many other dignitaries at the
groundbreaking of the East-end Bridge in at the port in Jeffersonville.
This milestone is critically important to the region and MCFI is excited
to be part of the solution. Look for update on the bridges project as
they become available. <br />
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<br />MCFIUSAhttp://www.blogger.com/profile/00664746731862317694noreply@blogger.com0