The EB-5 Visa is an Immigrant Investor Program in the US that offers Green Cards and a pathway to US Citizenship. This is for overseas investors who make an investment of a minimum of $500,000 that creates jobs in real-estate projects. Here are the 5 aspects of EB-5 Visa for investors and developers:
1. Act quicker than later
OMB – The Office of Management and Budget is assessing the proposed regulatory reforms for the EB-5 Program. This may enhance the required qualifying investment from the current $500,000 in high unemployment areas to a minimum of $1.35 million. In areas of high employment, it may increase from the current $1 million investment to $1.8 million.
So this is the right time for prospective overseas investors to finalize their plans and file an application at the earliest.
2. Tap into the bonanza of the regional centre
The Regional Center Program for EB-5 Immigrant Investor is scheduled to expire on 30 September 2019. RC is an agency designated by the USCIS – the United States Citizenship and Immigration Services. It sponsors projects in real estate for EB-5 investment from overseas investors. Many Immigration Experts are of the view that the US Congress will provisionally renew the RCP as it has done several times in the past.
However, nothing is assured in Washington DC.
3. Act with appropriate diligence
Overseas investors are becoming savvier in their quest for projects for EB-5 Visa program. They now seek developers who have a firm track record. Developers for EB-5 must be prepared to demonstrate that they have completed other EB-5 projects successfully.
It is crucial to bring potential investors for EB-5 to properties that will assure them of investing in your project. This will also convince them that their investment will be allocated appropriately, as quoted by the Forbes.
4. Find fresh frontiers
Bloomberg has reported that as the Chinese demand for EB-5 Visas is declining, the appetite for them is increasing in Latin America.
It is crucial to understand the emerging markets for EB-5 investors that have growth potential for successful allocation of marketing resources. The economic policies in their target markets must be constantly monitored by the EB-5 developers. This is to locate trends negatively influencing their business and will compel them to look for fresh markets.
5. The business model must adapt to changing rules
The rules are dynamic when it comes to investment programs and today the norm in the industry is to offer 25% to 30% for new construction from EB-5 funding. The rest is derived from private equity and traditional bank loans.
EB-5 investors today are more comfortable in investing in projects where funding is less risky and more diverse.
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