Due to the Boston AILA Conference , many people were not able to attend and requested us to offer another session in October, for more information, please log on http://eb5.eventbrite.com.
EB-5 Chicago Conference a Great Success
Tuesday 31 August 2010
The two day EB-5 conference hosted by Artisan Business Group, Inc., and Wright Johnson LLC on August 30-31, 2010, was a great success. The conference took place at the Conference Center of John Buck Office Tower in downtown Chicago. Nearly 50 people attended EB-5 Regional Center Development session; and 70 people attended EB-5 Regional Center Promotion and Investors Procurement session. Mr. Brian Su, CEO of Artisan Business Group, Inc., presented a three part seminar: Introduction to Chinese Migration Industry, Chinese Investors Procurement, and EB-5 Regional Center Promotion. A number of industry experts, attorney,real estate project developer, and EB-5 consultants were invited to speak at the events. IIUSA representative Peter Joseph also presented the association to the audiences. We would like to thank everyone involved in the preparing the seminars, especially to our sponsors MasLink Group of Beijing, SinoTrans International of California, and Chuhak & Tecson in Chicago.
Due to the Boston AILA Conference , many people were not able to attend and requested us to offer another session in October, for more information, please log on http://eb5.eventbrite.com.
Due to the Boston AILA Conference , many people were not able to attend and requested us to offer another session in October, for more information, please log on http://eb5.eventbrite.com.
Chinese Migration Brokers Discuss to Boycott Some EB-5 Regional Center Projects
Sunday 29 August 2010
China based EB-5 brokers discuss to boycott some regional center program because of too many unrelated individuals who claim that they represent a eb-5 program and want to do business with them. Many of these Chinese individuals and western expats have no basic business sense and courtesy to do business in the migration industry, especially they lack knowledge about EB-5 program and Chinese migration regulations. The Chinese EB-5 brokers are discussing to boycott such EB-5 programs in China. For more information about China market entry for your project, contact us today.
Chicago EB-5 Seminar is Sold Out
Friday 27 August 2010
EB-5 Seminar: "Regional Center Promotion and Immigrant Investors Procurement" is completely sold out! The seminar hosted by Artisan Business Group, Inc., on August 31, 2010 in Chicago, will welcome over 50 real estate developers, bankers, attorneys, EB-5 economists, and migration agent from all over the country! Due to high demand for the seminar, Artisan Business Group, Inc., is planning to organize another event in October 2010. For more information and early registration, log on http://eb5.eventbrite.com
Klasko Selected Chair of Immigration Lawyers EB-5 Committee
Wednesday 25 August 2010
(Source: philly.citybizlist.com)
Philadelphia, PA. August 24, 2010: H. Ronald Klasko, the founding partner of the immigration law firm of Klasko, Rulon, Stock & Seltzer, LLP has been selected chair of the EB-5 Investor Committee of the American Immigration Lawyers Association for a second term. According to AILA, the important EB-5 Visa program was created "to attract immigrant investors to the United States to invest capital, create jobs and stimulate the economy."
Mr. Klasko is a former national President and three-term General Counsel of AILA. Mr. Klasko is listed in the 2011 edition of the Best Lawyers in America and is named one of the country's top immigration lawyers by Chambers Global: The World's Leading Lawyers for Business 2010. A frequent lecturer and prolific author on immigration law topics, Mr. Klasko is one of only three immigration lawyers ever honored by AILA with the Founders Award-an award given to the individual or group who has had the most important impact on immigration law. A graduate of Lehigh University (B.A. 1971), Mr. Klasko received his law degree from the University of Pennsylvania Law School (J.D. 1974).
Klasko, Rulon, Stock & Seltzer, LLP is one of the country's leading business immigration and nationality law firms. The firm has offices in Philadelphia and New York.
Philadelphia, PA. August 24, 2010: H. Ronald Klasko, the founding partner of the immigration law firm of Klasko, Rulon, Stock & Seltzer, LLP has been selected chair of the EB-5 Investor Committee of the American Immigration Lawyers Association for a second term. According to AILA, the important EB-5 Visa program was created "to attract immigrant investors to the United States to invest capital, create jobs and stimulate the economy."
Mr. Klasko is a former national President and three-term General Counsel of AILA. Mr. Klasko is listed in the 2011 edition of the Best Lawyers in America and is named one of the country's top immigration lawyers by Chambers Global: The World's Leading Lawyers for Business 2010. A frequent lecturer and prolific author on immigration law topics, Mr. Klasko is one of only three immigration lawyers ever honored by AILA with the Founders Award-an award given to the individual or group who has had the most important impact on immigration law. A graduate of Lehigh University (B.A. 1971), Mr. Klasko received his law degree from the University of Pennsylvania Law School (J.D. 1974).
Klasko, Rulon, Stock & Seltzer, LLP is one of the country's leading business immigration and nationality law firms. The firm has offices in Philadelphia and New York.
"Practicality" Key for Upcoming EB5 Investment Visa Workshop
Tuesday 24 August 2010
(Source: EB5Info.com)
An EB5 investment visa workshop for attorneys and aspiring regional center principals is set to begin Monday, August 30 2010 in Chicago. A two-day event hosted by Wright Johnson, LLC, the workshop will focus on how to go about setting up an EB5 visa regional center and how to begin marketing its projects to prospective investors.
According to attorney Joseph McCarthy, a partner at McAdam & McCarthy who is scheduled to speak at the event, the focus of Day 1 is two-fold:
1. Practical Regional Center Issues – Since many attendees are attorneys already familiar with law surrounding the EB5 investment visa program, the emphasis of the workshop will be on practical matters about which both attorneys and others interested in EB5 can benefit.
USCIS application and general procedure for setting up a regional center will receive greater treatment than legal issues, and those in attendance considering the launch of an EB5 visa regional center should have as much to learn from the sessions as attorneys who specialize in investment immigration.
2. Recent Changes in the EB5 Visa Program – "There have been a lot of changes this summer with regard to EB5," says McCarthy, and the sessions to occur on Day 1 will also include a discussion of the new I-924 form released by USCIS to standardize regional center proposals. Stakeholder responses to these new changes will also be considered.
"Regional Center Promotion and Immigrant Investor Procurement" is the title of Day 2 of the workshop, which will focus on the marketing of EB5 investment visa projects. Sessions on this day will be led by Brian Su, an EB5 visa service provider with a wealth of experience marketing immigrant investor projects abroad.
Brian Su was profiled in a recent EB5info.com story about the Chinese government's wariness of immigrant investor program marketing, its increasing presence in the country, and the growing interest of Chinese investors in many investment immigration programs.
"It would be a good session for attorneys and regional centers alike," says McCarthy of the workshop. "We're including business plan writers, economists, and escrow agents" among the speakers planned to make a presentation at the event.
"So the focus isn't totally on attorneys," he explains.
For more detailed information about the event, speakers, cost, and registration information, see the official event announcement under "Events" at EB5info.com.
An EB5 investment visa workshop for attorneys and aspiring regional center principals is set to begin Monday, August 30 2010 in Chicago. A two-day event hosted by Wright Johnson, LLC, the workshop will focus on how to go about setting up an EB5 visa regional center and how to begin marketing its projects to prospective investors.According to attorney Joseph McCarthy, a partner at McAdam & McCarthy who is scheduled to speak at the event, the focus of Day 1 is two-fold:
1. Practical Regional Center Issues – Since many attendees are attorneys already familiar with law surrounding the EB5 investment visa program, the emphasis of the workshop will be on practical matters about which both attorneys and others interested in EB5 can benefit.
USCIS application and general procedure for setting up a regional center will receive greater treatment than legal issues, and those in attendance considering the launch of an EB5 visa regional center should have as much to learn from the sessions as attorneys who specialize in investment immigration.
2. Recent Changes in the EB5 Visa Program – "There have been a lot of changes this summer with regard to EB5," says McCarthy, and the sessions to occur on Day 1 will also include a discussion of the new I-924 form released by USCIS to standardize regional center proposals. Stakeholder responses to these new changes will also be considered.
"Regional Center Promotion and Immigrant Investor Procurement" is the title of Day 2 of the workshop, which will focus on the marketing of EB5 investment visa projects. Sessions on this day will be led by Brian Su, an EB5 visa service provider with a wealth of experience marketing immigrant investor projects abroad.
Brian Su was profiled in a recent EB5info.com story about the Chinese government's wariness of immigrant investor program marketing, its increasing presence in the country, and the growing interest of Chinese investors in many investment immigration programs.
"It would be a good session for attorneys and regional centers alike," says McCarthy of the workshop. "We're including business plan writers, economists, and escrow agents" among the speakers planned to make a presentation at the event.
"So the focus isn't totally on attorneys," he explains.
For more detailed information about the event, speakers, cost, and registration information, see the official event announcement under "Events" at EB5info.com.
NES Financial EB-5 Administration Solution Delivers Transparency to Leading Cleveland EB-5 Regional Center and Their Investors
NES Financial (NESF) has announced that the Cleveland International Fund (CiF) has selected the NESF EB-5 Administration Solution to administer funds associated with CiF’s EB-5 visa program serving Northeast Ohio . Citing the critical need for transparency of investor deposits, CiF chose NESF’s EB-5 Administration Solution to increase visibility and reporting. A contributing factor was the speed in which the supporting accounts could be established.
Regional Centers across the nation seek solutions for administration of EB-5 visa funds. The federally-sanctioned EB-5 visa program encourages investment in government-approved projects that create U.S. jobs and provide the opportunity for foreign nationals to become lawful permanent residents. A foreign investor invests either $500,000 (for Targeted Employment Areas such as Cleveland ) or $1 million (for other areas nationally) into a project. Regional Centers hold each visa applicant’s deposit in escrow for several months pending approval by the U.S. Citizenship and Immigration Services and must return the funds if the investor is not approved.
Financial transparency and security are critical in all stages of the application process and are key considerations when investors select a Regional Center .
“The EB-5 program is a great way to raise foreign capital for economic development and job creation in northeast Ohio ,” said Adam Blackman, Chief Operating Officer of CiF. “This program simply demands the efficient administration and management of investor deposits, and we believe NES Financial’s EB-5 Administration Solution will serve this purpose. NESF’s EB-5 Administration Solution will enable us to provide full transparency to our investors, bringing them the ability to easily access and review their EB-5 deposits at a moment’s notice.“
NES Financial’s EB-5 Administration Solution -- based on the company’s eSTAC technology platform that is used to administer tens of billions of dollars annually in complex multi-party escrows -- provides a level of individual investor recordkeeping and sub-accounts with full transparency to all parties that sets a new standard for Regional Centers.
“The safety of immigration funds is front and center on the minds of all parties involved in the EB-5 visa program, including investors, the government and each Regional Center . Providing the highest levels of funds security and transparency in the industry can be a key differentiator for Regional Centers, and the NES Financial EB-5 Administration Solution is positioned to raise the bar for all parties involved in this valuable job-creation program,” said Michael Halloran, president and CEO of NES Financial. “With our EB-5 Administration Solution, Regional Centers can gain an efficient approach to administering funds, delivering a solution that allows easy creation and management of sub-accounts as well as providing customized reporting that allows each Center to serve investors at the highest levels within the EB-5 visa program framework.”
Featuring quick deployment, efficient operation, and easy administration, NES Financial’s EB-5 Administration Solution provides immediate benefits for Regional Centers and investors including:
* Safety of Funds – Maximum FDIC coverage on individual accounts
* Investor Recordkeeping – Online availability of information and documents for each EB-5 investor
* Investor Reports – Customized reports available around the clock
* Investor Accounting/Reconciliation – Accounting and reconciliation for the investor group, individual EB-5 investors and the Regional Center
* Rejected Investor Accounting – Full accounting provided to the Regional Center and Investment Company for distribution back to rejected EB-5 investors
“The NES Financial EB-5 Administration Solution provides a proven, compliant and secure way to protect all parties involved in EB-5 visa transactions,” continued Halloran. “Our goal is to help leading Regional Centers like CIF administer their program in a highly streamlined process -- from initial setup through ongoing reporting. With our EB-5 solution we have created an approach that can deliver cost benefits and efficiencies to each Center.”
Regional Centers can get more information by contacting NES Financial at (800) 339-1031 or by visiting www.nesf.com.
Note: Artisan Business Group, Inc., has been providing China Market Entry Services and Support to Cleveland International Fund LLC since early this year, ABG has successfully secured Chinese agent agreements for the Ohio based EB-5 regional center and held four promotional seminars in Beijing, Shanghai, Guangzhou and Shenzhen in last two weeks. For more information about marketing your EB-5 projects in China, contact us today.
United Construction VP Visits Nanjing and Beijing
Sunday 22 August 2010
Mr. Tod Whipple, VP of United Construction Corporation, is on a one week tour in Nanjing, Beijing, and other cities in China. United Construction Corporation has been a pillar in the construction and real estate industries throughout the state of New Hampshire and Vermont since 1960. For more information about doing business in China, contact us today.
Brian Su Visits Hollywood, California
Saturday 21 August 2010
Mr. Brian Su met with real estate developers, local economic development official and community leaders in Hollywood, California Friday and Saturday, to discuss attracting investors funds to boost local economy and create jobs needed in the city. Mr. Brian Su and Chinese migration agent were invited by a Hollywood real estate development company. For more information about utilizing EB-5 program to fund your real estate projects, contact Mr. Brian Su today.
EB-5 Investment and Regional Center Development Workshop Announced for Chicago
Friday 20 August 2010
Immigration attorneys, businesses considering EB-5 capital, those wishing to establish EB-5 Regional Centers and existing EB-5 Regional Centers are invited to a one-day EB-5 workshop to be held in Chicago on August 30, 2010.
The EB-5 immigrant visa program was created to attract immigrant investors to the United States to invest capital, create jobs and stimulate the economy. The workshop is designed for:
•Immigration attorneys: The EB-5 program is a highly beneficial permanent residence option for the wealthy individual.
•Businesses considering EB-5 capital: Given the current condition of the credit market, the EB-5 Investment Visa may be the answer for businesses that lack traditional capital options.
•Those wishing to establish EB-5 Regional Centers: More than 90 percent of EB-5 investment is conducted through federally approved Regional Centers.
•Existing EB-5 Regional Centers: Topics include properly setting up escrow accounts, drafting USCIS-compliant business plans, Regional Center administration and properly structuring your EB-5 enterprise.
“Everyone wins with the EB-5 program – cities and regions benefit from economic growth through creation of new jobs, businesses obtain a source of inexpensive and available capital, and foreign investors get a path to immigration,” said Joseph C. McCarthy, an immigration attorney. “This workshop seeks to demystify this complex government program and help more people access the benefits of EB-5.”
The workshop will be led by experienced EB-5 professionals who have authored more than 15 Regional Center applications, as well as numerous project-specific business plans and econometric analysis:
•Joseph C. McCarthy, an immigration attorney with the law firm of McAdam & McCarthy, has successfully represented more than ten Regional Centers. He is a member of the American Immigration Law Association (AILA) and the Legislative Committee Chair with Invest in USA (IIUSA), a national trade association of EB-5 Regional Centers.
•Michael Homeier and Jor Law, partners with corporate law firm Homeier & Law, have successfully assisted multiple EB-5 Regional Centers in structuring their EB-5 enterprises, drafting the required offering memoranda, and preparing their business for EB-5 investment. Both attorneys are frequent presenters at EB-5 industry events, such as conferences held by the American Immigration Law Association, State Bar of California and the Los Angeles County Bar Association.
•Kevin Wright, an economist with the consulting firm Wright Johnson, LLC based in West Palm Beach, FL, has prepared economic analyses for Regional Center proposals and individual business projects.
•Suzanne Lazicki, founder of Lucid Professional Writing, has assisted many Regional Centers with preparing USCIS-compliant EB-5 businesses plan. With an intermediate A level certificate in Mandarin Chinese, Ms. Lazicki also provides translation verification services.
•Peter Joseph, interim executive director for IIUSA, heads the 501(c)(6) not-for-profit industry trade association made up of Regional Centers, attorneys, consultants and other EB-5 service providers. Formed in 2005, IIUSA is dedicated to being a unified voice for making the EB-5 Regional Center program permanent. IIUSA retains representation in Washington, D.C., to advocate the Association’s positions to Congress, USCIS and other federal agencies.
•Brian Terwilliger, vice president of business development at NES Financial specializing in complex multiparty escrows, has assisted several EB-5 Regional Centers with the transfer of foreign investment to local projects in accordance with USCIS standards.
The workshop will be held August 30, 2010 in the John Buck Building at 155 North Wacker Drive in Chicago from 9 a.m. to 3 p.m., and will be followed with a reception. To register for the workshop, visit www.eb5regionalcenterdevelopment.eventbrite.com. Fees are $395 for the full day event. A second workshop, EB-5 Seminar: Regional Center Promotion and Immigrant Investor Procurement on August 31, is $415. Individuals who sign up for both receive a $100 discount.
The EB-5 immigrant visa program was created to attract immigrant investors to the United States to invest capital, create jobs and stimulate the economy. The workshop is designed for:
•Immigration attorneys: The EB-5 program is a highly beneficial permanent residence option for the wealthy individual.
•Businesses considering EB-5 capital: Given the current condition of the credit market, the EB-5 Investment Visa may be the answer for businesses that lack traditional capital options.
•Those wishing to establish EB-5 Regional Centers: More than 90 percent of EB-5 investment is conducted through federally approved Regional Centers.
•Existing EB-5 Regional Centers: Topics include properly setting up escrow accounts, drafting USCIS-compliant business plans, Regional Center administration and properly structuring your EB-5 enterprise.
“Everyone wins with the EB-5 program – cities and regions benefit from economic growth through creation of new jobs, businesses obtain a source of inexpensive and available capital, and foreign investors get a path to immigration,” said Joseph C. McCarthy, an immigration attorney. “This workshop seeks to demystify this complex government program and help more people access the benefits of EB-5.”
The workshop will be led by experienced EB-5 professionals who have authored more than 15 Regional Center applications, as well as numerous project-specific business plans and econometric analysis:
•Joseph C. McCarthy, an immigration attorney with the law firm of McAdam & McCarthy, has successfully represented more than ten Regional Centers. He is a member of the American Immigration Law Association (AILA) and the Legislative Committee Chair with Invest in USA (IIUSA), a national trade association of EB-5 Regional Centers.
•Michael Homeier and Jor Law, partners with corporate law firm Homeier & Law, have successfully assisted multiple EB-5 Regional Centers in structuring their EB-5 enterprises, drafting the required offering memoranda, and preparing their business for EB-5 investment. Both attorneys are frequent presenters at EB-5 industry events, such as conferences held by the American Immigration Law Association, State Bar of California and the Los Angeles County Bar Association.
•Kevin Wright, an economist with the consulting firm Wright Johnson, LLC based in West Palm Beach, FL, has prepared economic analyses for Regional Center proposals and individual business projects.
•Suzanne Lazicki, founder of Lucid Professional Writing, has assisted many Regional Centers with preparing USCIS-compliant EB-5 businesses plan. With an intermediate A level certificate in Mandarin Chinese, Ms. Lazicki also provides translation verification services.
•Peter Joseph, interim executive director for IIUSA, heads the 501(c)(6) not-for-profit industry trade association made up of Regional Centers, attorneys, consultants and other EB-5 service providers. Formed in 2005, IIUSA is dedicated to being a unified voice for making the EB-5 Regional Center program permanent. IIUSA retains representation in Washington, D.C., to advocate the Association’s positions to Congress, USCIS and other federal agencies.
•Brian Terwilliger, vice president of business development at NES Financial specializing in complex multiparty escrows, has assisted several EB-5 Regional Centers with the transfer of foreign investment to local projects in accordance with USCIS standards.
The workshop will be held August 30, 2010 in the John Buck Building at 155 North Wacker Drive in Chicago from 9 a.m. to 3 p.m., and will be followed with a reception. To register for the workshop, visit www.eb5regionalcenterdevelopment.eventbrite.com. Fees are $395 for the full day event. A second workshop, EB-5 Seminar: Regional Center Promotion and Immigrant Investor Procurement on August 31, is $415. Individuals who sign up for both receive a $100 discount.
EB-5 Seminars are Coming to the Wind City August 30-31!
Wednesday 18 August 2010
This will be a great event in the Wind City, real estate developers and immigration attorneys from all over the country will join us, only a few seats left, hurry up! Register today http://eb5.eventbrite.com
News Week Interviews Mr. Brian Su on EB-5 China Market Issues
Tuesday 17 August 2010
News Week correspondent interviewed Mr. Brian Su, an EB-5 China specialist, on EB-5 China market and investor issues. The U.S. EB-5 Regional Center pilot program has drawn great interests among Chinese investors and high net worth families in last two years. Many Chinese families regard EB-5 program the easiest and quickest way for them to obtain US legal residence (green cards). For more information about Chinese EB-5 investors, contact us today.
New EB-5 Real Estate Project Launched in Vermont
Saturday 14 August 2010
Prospect Place is a mixed use redevelopment along the Connecticut River in downtown White River Junction, Vermont. Over the past two years, the development team assembled by United Construction has worked closely with the Town of Hartford, Green Mountain Economic Development Corporation, Two Rivers- Ottauquechee Planning Commission, and the State of Vermont in planning the redevelopment of the area. All agree the site provides a rare opportunity to revitalize this part of the community’s downtown by incorporating “smart growth” urban design strategies for public and private investments in infrastructural improvements and new construction. The site encompasses 6.8 acres and includes over 1400 feet of river frontage directly adjacent to the U.S. Route 4 Bridge, which connects Hartford, Vermont and West Lebanon New Hampshire. The bridge, which enjoys average daily traffi c counts of 16,000 vehicles per day, is being replaced with a new structure that will be operational in 2012. The Prospect Place master plan includes offi ce and research space, service retail stores and housing. The project is designed to be pedestrian friendly, with continuous sidewalks connecting the various building and passive recreation along the Connecticut River, open to the public. For more information, log on http://www.prospect-place.com/eb5-program.html
The 2nd China Overseas Investment Fair
Thursday 12 August 2010
(Source: China Development Bank)With the approval of China National Development and Reform Commission (NDRC) and the support given by the relevant Ministries and Commissions of State Council of P.R. China and concerned international organizations, the 2nd China Overseas Investment Fair (hereafter COIFair 2010), hosted by China Industrial Overseas Development & Planning Association, will be held at the China World Trade Center, Beijing on November 2-3, 2010.
The COIFair 2010 is launched on the basis of wide-range advice, summarized experience and improvements, which are given on COIFAIR 2009. The Host will keep concentration on China overseas investment sector, in the perspective of macroscopic development and the height of industrial planning and will give priority to domestic and oversea enterprises and their specific investment projects. With the combined participation methods like Exhibition, Forum, Promotion Seminar and Matchmaking Symposium, delegations from Enterprises, Financing corporations, Governments, International Organizations, Business Associations and Intermediary Service Agencies in home and abroad will come together to construct their investment platform with targeted entrepreneurs and senior officials. For more information, contact us today.
The COIFair 2010 is launched on the basis of wide-range advice, summarized experience and improvements, which are given on COIFAIR 2009. The Host will keep concentration on China overseas investment sector, in the perspective of macroscopic development and the height of industrial planning and will give priority to domestic and oversea enterprises and their specific investment projects. With the combined participation methods like Exhibition, Forum, Promotion Seminar and Matchmaking Symposium, delegations from Enterprises, Financing corporations, Governments, International Organizations, Business Associations and Intermediary Service Agencies in home and abroad will come together to construct their investment platform with targeted entrepreneurs and senior officials. For more information, contact us today.
RCI FirstPathyway Partners Open New Beijing Office
Wednesday 11 August 2010
(Source: RCI FirstPathway Partners Newsletter) RCI FirstPathway Partners is proud to announce that its Beijing office has moved to Mapletree Tower in the Chaoyang Dist. RCIFPP invites friends and agents to tour the new offices during the Open House Reception on August 12th, 2010. Please make note of the new address.
Unit 1401 Mapletree Tower
108 Jiangguo Road, Chaoyang Dist.,
Beijing, 100022 PR China
For your convenience our phone, fax and email address will remain the same.
Unit 1401 Mapletree Tower
108 Jiangguo Road, Chaoyang Dist.,
Beijing, 100022 PR China
For your convenience our phone, fax and email address will remain the same.
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AV to vote on applying for state Enterprise Zone status
Tuesday 10 August 2010
(Source: Daily Press) APPLE VALLEY • Town Council members will decide Yuesday night whether the town should join Adelanto, Victorville and San Bernardino County to create a Victor Valley Enterprise Zone. The zone would provide a number of benefits to businesses, most notably a $34,000 tax credit for each newly created job within its boundaries. Other benefits to business could include streamlining the development process, encouraging economic growth and assisting in the startup costs of companies that move into the enterprise zone. The enterprise zone designation would also include a foreign investment program that has drawn the attention of federal authorities in neighboring Victorville. The EB-5 financing program is a federal program that makes visas available to foreigners who invest $500,000 in a regional center that creates 10 new jobs. Apple Valley’s Economic Development and Housing Division is pushing the resolution. If passed by the Town Council, it would authorize Apple Valley staff to apply for Enterprise Zone Status along with Victorville, Adelanto and San Bernardino County. To apply for an EB-5 regional center designation with USCIS, please contact us.
EB-5 Regional Center Development Seminar by Wright Johnson LLC on August 30, 2010
Monday 9 August 2010
Are you thinking about setting up your own EB-5 regional center to attract immigrant investors to fund your real estate or other business ventures? Wright Johnson LLC is hosting an EB-5 Regional Center Development Seminar in Chicago this coming August 30, 2010. For complete information and list of guest speakers, please log on http://eb5regionalcenterdevelopment.eventbrite.com/
Artisan Business Group, Inc., is hosting an EB-5 Investor Conference on August 31, 2010, at the same location in Chicago! Do not miss out these two great EB-5 workshops, log on http://eb5.eventbrite.com for details. When you sign up both events, you will receive $100 cash rebate from Artisan Business Group, Inc.
Artisan Business Group, Inc., is hosting an EB-5 Investor Conference on August 31, 2010, at the same location in Chicago! Do not miss out these two great EB-5 workshops, log on http://eb5.eventbrite.com for details. When you sign up both events, you will receive $100 cash rebate from Artisan Business Group, Inc.
Report from China: 2010 Beijing Immigration Summit
Sunday 8 August 2010
The two day 2010 Bijing Immigration Summit closed Sunday at the Beijing Conference Center; Over 150 people from Beijing entry/exit business community, migration representatives from other provinces, and delegates from Greentech Auto (Gulf Coast Fund Management Regional Center) and WSLK attended the event. Official with the Beijing Entry/Exit Administration of the Municipal Bureau of Public Security presented a keynote speech. US based EB-5 China Market Council headed by Mr. Brian Su also sent representatives to the event. For more information about EB-5 events in China, contact us today.
Report from China: South Dakota EB-5 Regional Center Promotes its 18th Investment Project in China
Saturday 7 August 2010
South Dakota regional center executives Joop Bollen and Maurice Berez will be on a China tour to market its 18th EB-5 project (wind power plant) to Chinese investors. For more information about EB-5 marketing in China, contact us today. The tour is organized by a Chinese migration agent. The South Dakota regional center's China tour destinations and seminar dates include:
- Beijing August 22, 2010 at 14:00 pm - 17:00 pm (to be determined)
- Chongqing August 21, 2010 at 14:30 pm -17:00 pm (Haiyi Hotel)
- Shenzhen August 20, 2010 at 14:00 pm - 18:00 pm (Sheraton Hotel)
- Zhuhai August 20, 2010 at 14:00 pm - 17:00 pm (Dehai Hotel)
- Foshan August 19, 2010 at 15:00 pm - 17:00 pm (Foshan Hotel)
- Guangzhou August 15, 2010 at 14:00 pm - 17:00 pm (Liz-Carlton Hotel)
- Nanjing August 13, 2010 at 19 pm - 22:00 pm (Jinling Hotel)
- Shanghai August 14, 2010 at 13:30 pm - 17:00 pm (Portman Hotel)
- Chengdu August 21, 2010 14:00 pm - 17:00 pm (Jinjiang Hotel)
Report from China: 2010 Beijing Immigration Summit
Friday 6 August 2010
The two day 2010 Bijing Immigration Summit announced its opening today at the Beijing Conference Center; Over 150 people from Beijing entry/exit business community, migration representatives from other provinces, and delegates from Greentech Auto (Gulf Coast Fund Management Regional Center) and WSLK attended the event. Officials with the Beijing Entry/Exit Administration of the Municipal Bureau of Public Security presented a keynote speech. Mr. Richard Craig of the Commerce Section of the US Embassy will discuss the US government stand on EB-5 immigrant investment program. Mr. Jason Lee, CEO of MasLink Group, will talk about EB-5 program in a breakout session. Mr. Jason Blatt, a Taiwan based Florida immigration attorney will explore the financial guarantee and insurance issues in relate to EB-5 investment. The delegates of the event expressed strong mixed feelings on the current overheated wave of EB-5 program in China, the official representatives of Chinese government placed certain blames on the migration companies that are aggressively marketing EB-5 projects in the marketplace. However, migration representatives disagree. Many representatives from both business and government sides agree that there should be a controlling mechanism in place to screen out the "bad apples" from the U.S. An idea of establishing a Review Council is under discussion.
The EB-5 China Market Council, headed by Mr. Brian Su, also sent representatives to the conference. For more information, contact us today.
The EB-5 China Market Council, headed by Mr. Brian Su, also sent representatives to the conference. For more information, contact us today.
Local Zones for ‘Green Card’ Investors Proliferate in Puget Sound Area - Chasing Foreign Money
(Source: Puget Sound Business Journal Seattle)
A once-obscure federal program offering green cards to wealthy foreigners in exchange for investment in the United States has mushroomed nationwide, with the Puget Sound area being among the most active markets in the country. For years, Seattle and Grant County were the only program participants in the state. Now there are seven designated “regional centers” for the so-called EB-5 immigrant investment program, with more in the pipeline. The newer participants include the cities of Everett, Tacoma, Lakewood and Federal Way, as well as Whatcom County. Additionally, Bellevue real estate developer Michael Christ is seeking approval for a regional center in Renton that would enable him to build a mixed-use residential project at the south end of Lake Washington. Nationwide, the number of regional centers in the U.S. Citizenship and Immigration Services’ immigrant-investor program has more than quadrupled since last year to 108. Approximately 3,680 foreign investors obtained EB-5 green cards last year, more than 10 times as many as in 2005.
A once-obscure federal program offering green cards to wealthy foreigners in exchange for investment in the United States has mushroomed nationwide, with the Puget Sound area being among the most active markets in the country. For years, Seattle and Grant County were the only program participants in the state. Now there are seven designated “regional centers” for the so-called EB-5 immigrant investment program, with more in the pipeline. The newer participants include the cities of Everett, Tacoma, Lakewood and Federal Way, as well as Whatcom County. Additionally, Bellevue real estate developer Michael Christ is seeking approval for a regional center in Renton that would enable him to build a mixed-use residential project at the south end of Lake Washington. Nationwide, the number of regional centers in the U.S. Citizenship and Immigration Services’ immigrant-investor program has more than quadrupled since last year to 108. Approximately 3,680 foreign investors obtained EB-5 green cards last year, more than 10 times as many as in 2005.
EB-5 Investor Procurement Seminar Draws Strong Interests
Wednesday 4 August 2010
Chicago EB-5 Investor Procurement Seminar is drawing great interests from newly approved EB-5 regional centers and regional center applicants. For more information about the event on August 31, 2010, log on http://eb5.eventbrite.com
The EB5 Investment Visa and "Naked Officials:" Regional Center Marketing in China
(Source: EB5info.com by USAdvisors.org August 3, 2010)
When asked how the Chinese government feels about the USCIS EB5 investment visa program, EB5 service provider Brian Su's response is simple and to the point: They don't like it.
Although it's true that the Chinese State Council made a statement last month proclaiming the government's respect for a "citizen's choice for immigration," Su notes, China's recent request that all high-level officials and Communist Party leaders register their family members living overseas belies the fact that it's not completely comfortable with such emigration – in particular with foreign government incentives like the EB5 visa program.
"There's a new term in Chinese," Su explains. A "naked official" refers to a high-ranking party member living in mainland China whose wife, children, and personal assets all reside abroad. This official is said to be "naked" because he has nothing of great value left in the country other than himself. Last month's call for these officials to register their family members underscores the government's concern that wealth is leaving the country.
The rise of high-ranking individuals with this status is just one factor that has the government worried, however. In July, the Guangdong Provincial Exit and Entry Administration issued a warning about the EB5 investment visa program stating that the projects are risky and advising migration brokers and potential investors to exercise caution when considering the large volume of EB5 visa regional center projects and investment immigration initiatives now being marketed.
This statement comes in response to growing EB5 regional center marketing efforts in the country, particularly in the Pearl River Delta Region where EB5 visa project promotion is widespread and frequent. According to Su, too many regional center projects are being marketed, and the government is "sending a message" that "[Regional centers] have to disclose all necessary information to their clients."
As for whether such a warning will discourage potential investors from investigating the EB5 visa program, Su isn't worried.
"People are still interested," he says. "I don't think there will be any significant impact on the interest." But for regional centers "following the rules," he adds, "it's bad news."
Bad news or not, more EB5 visas were issued to Chinese immigrant investors than to those from any other country in 2009, and it's unlikely the government's fear of wealth leaving the country will put a large damper on regional center marketing efforts or Chinese interest in investment immigration any time soon.
When asked how the Chinese government feels about the USCIS EB5 investment visa program, EB5 service provider Brian Su's response is simple and to the point: They don't like it.
Although it's true that the Chinese State Council made a statement last month proclaiming the government's respect for a "citizen's choice for immigration," Su notes, China's recent request that all high-level officials and Communist Party leaders register their family members living overseas belies the fact that it's not completely comfortable with such emigration – in particular with foreign government incentives like the EB5 visa program.
"There's a new term in Chinese," Su explains. A "naked official" refers to a high-ranking party member living in mainland China whose wife, children, and personal assets all reside abroad. This official is said to be "naked" because he has nothing of great value left in the country other than himself. Last month's call for these officials to register their family members underscores the government's concern that wealth is leaving the country.
The rise of high-ranking individuals with this status is just one factor that has the government worried, however. In July, the Guangdong Provincial Exit and Entry Administration issued a warning about the EB5 investment visa program stating that the projects are risky and advising migration brokers and potential investors to exercise caution when considering the large volume of EB5 visa regional center projects and investment immigration initiatives now being marketed.
This statement comes in response to growing EB5 regional center marketing efforts in the country, particularly in the Pearl River Delta Region where EB5 visa project promotion is widespread and frequent. According to Su, too many regional center projects are being marketed, and the government is "sending a message" that "[Regional centers] have to disclose all necessary information to their clients."
As for whether such a warning will discourage potential investors from investigating the EB5 visa program, Su isn't worried.
"People are still interested," he says. "I don't think there will be any significant impact on the interest." But for regional centers "following the rules," he adds, "it's bad news."
Bad news or not, more EB5 visas were issued to Chinese immigrant investors than to those from any other country in 2009, and it's unlikely the government's fear of wealth leaving the country will put a large damper on regional center marketing efforts or Chinese interest in investment immigration any time soon.
Reuters News Interviews Brian Su on EB-5 China Market Issues
Tuesday 3 August 2010
Correspondent from Reuters News interviewed Mr. Brian Su, EB-5 Consultant. As China is one of the leading markets for EB-5 immigrant investment program, media has focused their attention to Chinese investors. Mr. Su has been interviewed by China Daily, Financial Times, South China Morning Post, and other major media. For more information, contact http://www.midwestusachina.com.
City poised to accept $3 million more in EB-5 loans
Monday 2 August 2010
(Source: Daily Press August 2, 2010) VICTORVILLE • The council is poised Tuesday night to accept six more loans of $500,000 each from foreign citizens through the federal EB-5 program, offering green cards in exchange for an investment that creates 10 local jobs. That’ll mean a total of 15 loans adding $7.5 million to the city’s coffers over the last 10 months, under a contract with developer Inland Energy to raise $25 million by October to help fund the city’s wastewater treatment plant. However, the city is still waiting to hear back from U.S. Citizenship and Immigration Services as to whether its EB-5 program will be allowed to continue. In May, the agency issued a rare notice of “intent to terminate” Victorville’s regional center. The city sent a lengthy response to that notice in late June, and city officials said Monday that they hadn’t yet heard back as to whether they’d satisfactorily addressed the agency’s concerns regarding the “viability” of projects EB-5 money will help fund.
Foreign Funding Key to Project
Sunday 1 August 2010
(Source: Northwest Herald, August 1, 2010)
LAKEWOOD, Illinois – Even with the preliminary approval from the Lakewood Village Board early Wednesday and the ability to use $18 million in federal stimulus bonds, money for the planned McHenry County Sportsplex needs to be raised. Most of the money for a planned sports complex in Lakewood will come from foreign investors, who in return would receive permanent residency in the U.S., developers for the 165-acre McHenry County Sportsplex have said. The planners of the $40 million McHenry County Sportsplex have a commitment of up to $36 million from the Chicagoland Foreign Investment Group. The rest of the cash for the project will come through private equity, grants the village hopes to attain, and revenue sharing from tax dollars created by the development.
The CFIG will use the employment-based fifth preference, or EB-5, financing program to sell investments into the complex. Each investment will be $500,000 for an ownership piece of the complex, said Lou Tenore, the managing partner and CEO of the sports complex. Lakewood Village Board’s approval of the annexation agreement with McHenry County Sportsplex LLC allows the Chicagoland Foreign Investment Group to start collecting money for the project, said Jack Porter, the project manager. Because developers chose this financing route, the development doesn’t plan to have any debt to banks. “When we don’t have a debt, it makes it a lot easier to run,” Porter said. “It makes the chances for survivability and profitability [greater].” The CFIG won’t start formally raising the investment cash for the project until Aug. 15, said Taher Kameli, the executive director of the Chicagoland Foreign Investment Group. He said he hoped to have the money raised for the project by the end of next year. Plans for the two-phase project include playing fields for team sports such as soccer, baseball, lacrosse, basketball and volleyball. There will be a restaurant, retail space and indoor sports facilities. It is being designed with an outdoor championship arena able to accommodate local, national and international athletic teams. Kameli said he had about 45 people who had showed initial interest about investing in the 165-acre sports complex and didn’t have any doubts that his firm could raise the money needed for the project. He said the group recently raised $8.5 million for the Aurora Memory Care Center assisted living facility in Aurora in three months. “Based on my experience, I don’t see any issues to raising these funds,” Kameli said. Each investor has to put in $500,000, which has to support 10 jobs for at least two years. In return for the foreign investment, the investor goes through an expedited visa-application process for himself, a spouse and their children. Many of the investors have the money to invest from their own successful businesses or inheritance, Kameli said.
Marilu Cabrera, a spokeswoman for the U.S. Citizenship and Immigration Service, said many of the people who invested through this program didn’t have any ties to the country either through an employer or family member who can sponsor them to come to the United States. The investors wouldn’t have any other way into the country.
“The program is aimed at stimulating the economic activity and creating jobs for U.S. workers and legal permanent residents,” Cabrera said. The program started in 1992 and has grown in the last five years. The federal government conducts background checks on those investing and checks to make sure the source of the money is legitimate. If investors meet the immigration qualifications and their project qualifies, they will receive a two-year conditional permanent residency immediately. The conditions drop after two years if the development is successful and continues to provide jobs.
Given recent immigration debates, project developers and planners are quick to defend the EB-5 program. “Not many of the investors will live in McHenry County. They may live somewhere else in the U.S.,” Kameli said. “But their money creates jobs in McHenry County. That’s what residents should care about.” Managing partner for the complex Tenore said it was a way for potential new citizens to speed their progress. “It doesn’t guarantee citizenship,” Tenore said. “They just don’t have to sit in line.” The sports complex, which will be on the west side of Route 47, south of the northwest leg of Route 176, has received permission to sell $18 million in recovery zone bonds to help jumpstart the project and purchase the land, which should take place by mid-October, Porter said. Initially the sports complex developers wanted to go to the traditional bond market to help fund the entire project, Tenore said. “When the bond market fell [in 2008] ... we started looking for alternate financing,” he said.
LAKEWOOD, Illinois – Even with the preliminary approval from the Lakewood Village Board early Wednesday and the ability to use $18 million in federal stimulus bonds, money for the planned McHenry County Sportsplex needs to be raised. Most of the money for a planned sports complex in Lakewood will come from foreign investors, who in return would receive permanent residency in the U.S., developers for the 165-acre McHenry County Sportsplex have said. The planners of the $40 million McHenry County Sportsplex have a commitment of up to $36 million from the Chicagoland Foreign Investment Group. The rest of the cash for the project will come through private equity, grants the village hopes to attain, and revenue sharing from tax dollars created by the development.
The CFIG will use the employment-based fifth preference, or EB-5, financing program to sell investments into the complex. Each investment will be $500,000 for an ownership piece of the complex, said Lou Tenore, the managing partner and CEO of the sports complex. Lakewood Village Board’s approval of the annexation agreement with McHenry County Sportsplex LLC allows the Chicagoland Foreign Investment Group to start collecting money for the project, said Jack Porter, the project manager. Because developers chose this financing route, the development doesn’t plan to have any debt to banks. “When we don’t have a debt, it makes it a lot easier to run,” Porter said. “It makes the chances for survivability and profitability [greater].” The CFIG won’t start formally raising the investment cash for the project until Aug. 15, said Taher Kameli, the executive director of the Chicagoland Foreign Investment Group. He said he hoped to have the money raised for the project by the end of next year. Plans for the two-phase project include playing fields for team sports such as soccer, baseball, lacrosse, basketball and volleyball. There will be a restaurant, retail space and indoor sports facilities. It is being designed with an outdoor championship arena able to accommodate local, national and international athletic teams. Kameli said he had about 45 people who had showed initial interest about investing in the 165-acre sports complex and didn’t have any doubts that his firm could raise the money needed for the project. He said the group recently raised $8.5 million for the Aurora Memory Care Center assisted living facility in Aurora in three months. “Based on my experience, I don’t see any issues to raising these funds,” Kameli said. Each investor has to put in $500,000, which has to support 10 jobs for at least two years. In return for the foreign investment, the investor goes through an expedited visa-application process for himself, a spouse and their children. Many of the investors have the money to invest from their own successful businesses or inheritance, Kameli said.
Marilu Cabrera, a spokeswoman for the U.S. Citizenship and Immigration Service, said many of the people who invested through this program didn’t have any ties to the country either through an employer or family member who can sponsor them to come to the United States. The investors wouldn’t have any other way into the country.
“The program is aimed at stimulating the economic activity and creating jobs for U.S. workers and legal permanent residents,” Cabrera said. The program started in 1992 and has grown in the last five years. The federal government conducts background checks on those investing and checks to make sure the source of the money is legitimate. If investors meet the immigration qualifications and their project qualifies, they will receive a two-year conditional permanent residency immediately. The conditions drop after two years if the development is successful and continues to provide jobs.
Given recent immigration debates, project developers and planners are quick to defend the EB-5 program. “Not many of the investors will live in McHenry County. They may live somewhere else in the U.S.,” Kameli said. “But their money creates jobs in McHenry County. That’s what residents should care about.” Managing partner for the complex Tenore said it was a way for potential new citizens to speed their progress. “It doesn’t guarantee citizenship,” Tenore said. “They just don’t have to sit in line.” The sports complex, which will be on the west side of Route 47, south of the northwest leg of Route 176, has received permission to sell $18 million in recovery zone bonds to help jumpstart the project and purchase the land, which should take place by mid-October, Porter said. Initially the sports complex developers wanted to go to the traditional bond market to help fund the entire project, Tenore said. “When the bond market fell [in 2008] ... we started looking for alternate financing,” he said.
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