Empire State EB5 News and Information

If you are presently thinking about making a permanent move to the USA through the #EB5 visa, but have some concerns about your timing, in connection with the performance of the US #economy, a recent report from Wells Fargo will be of interest to you.

  Over the past few years Mexico and Central American countries have seen wealthy citizens investing in the United States mainly by the means of the USCIS EB-5 Program. Since 2011 to 2012 the number of investor South of the Border have doubled and only to increase with investors in the years to come.Mexican investment in the U.S. grew 11 percent in 2012, reaching $27.9 billion, said the U.S. Embassy in Mexico City.

Complete Forbes article: Wealthy Mexicans' Investment In The United States Sharply Up in 2012

(Source: China Daily, by Michael Barris)   The Chinese mainland is poised to overtake Japan this year as the economy with the world's second-largest number of dollar millionaire households, behind the United States.  And the Asia-Pacific region will surpass North America in four years as the world's wealthiest region, according to a report by the Boston Consulting Group.  In its annual study of the world's wealth management industry, the global management consulting firm said worldwide wealth grew faster last year than in the previous two years.

With the increasing number of EB-5 visa being issued and only a limited amount will result in more competition for gathering investors in the EB-5 industry. The chart below shows how the EB-5 program has shown an increase of visas being processed and received since 2008 and representing projections for the years to come.

CONTACT EMPIRE STATE EB5 REGIONAL CENTER TODAY!

[Source: Jason Chow; WSJ] China’s rich continue to want to invest and move abroad in large numbers, but their goals have begun to shift, consulting firm Bain & Company said in a report released Tuesday. Three out of five wealthy mainland Chinese are looking to immigrate out of China while another third own investments abroad, Bain said in its “China Private Wealth Report, 2013,” based on a survey conducted earlier this year of 3,300 “high-net-worth individuals” with at least 10 million yuan (US$1.6 million) in investable assets.

[Source: Laura Reiff and Kate Kalmykov, www.eb5investors.com] The key EB-5 provisions in the bill include: -Making permanent the EB-5 Regional Center program.  Introduced in 1992 as a “pilot” program, it has continually been reauthorized by Congress and most recently it was extended through September 30, 2015.  -Recapture of unused immigrant visa numbers from prior fiscal years.  -Elimination of per country quotas for employment based visa numbers, this would have  significant implications for China which is predicted to reach its quota in fiscal year 2014. -Exemption from the employment based immigrant visa numbers for spouses and children of principal applicants, this means that visa numbers which are currently capped at 10,000 would be allocated solely to principal investors. -Additional immigrant visas numbers for the EB-5 program as a whole. Full "Gang of Eight" Legislation Immigration Reform 

[Source: www.ibisworld.com] This graph represents the breakdown of total money spent from consumers in each industries general category. More spending by consumers will boost economic growth in the first two quarters of 2013 after a lull at the end of last year. Consumer spending accounts for 70 percent of economic activity. The big winner three months into the new year goes to Finance and Insurance industry.

EMAIL HERE or WEBSITE HERE

In 1990 Congress created the employment-based fifth preference visa category (EB-5) category for foreigners seeking to invest in a business that will benefit the US economy and create or preserve at least 10 full-time jobs for qualified US workers. The amount required to invest is $1 million or $500,000 if the investment is made in a high unemployment or rural area. Some portray the typical EB-5 investor as an ultra-rich Chinese businessman in the market for a prestigious US green card. One restrictionist group describes EB-5 as a “tacky, troubled program that doesn’t do much for economic development.” Others say the EB-5 program “let[s] the guys in with the money and leave[s] the best and brightest waiting in line.” Meanwhile, participants in the program have their own criticisms, alleging that US Citizenship and Immigration Services (USCIS) is hostile toward EB-5 because it is viewed as a “green card for sale” program that denigrates the US immigration system, and is essentially bad for America.

The visual graph represents the total amount of EB-5 visa that have been issued since the inception of the the program back in 1992. The United States has issued more than 29,000+  EB-5 visas which has created over 50,000+ new US jobs and generated $6.8 billion in investment through the EB-5 program to date.

USCIS seeks your input on the draft policy memoranda listed below. EB-5 Adjudications Policy Memorandum Draft policy memoranda for comment are posted in the Feedback Opportunities page of uscis.gov, where stakeholders will be able to submit comments.These memos are drafts of proposed or revised guidance to USCIS Field Offices and Service Centers. They are not intended as guidance for the general public, nor are they intended to create binding legal requirements on the public. Until issued in final form, the draft memos do not constitute agency policy in any way or for any purpose. (continued reading)

U.S. Citizenship and Immigration Services (USCIS) and the Securities and Exchange Commission (SEC) invite interested individuals to participate in a stakeholder teleconference on April 3, 2013 at 3 p.m. (Eastern) to discuss the EB-5 Immigrant Investor program.During the engagement, subject matter experts from the SEC will discuss securities law compliance in the context of EB-5 regional centers and investments. Stakeholders will have an opportunity to ask the SEC questions at the end of the teleconference.

The surge for visas that were issued in the past 5 year through the USCIS EB-5 program are represented in the graph above. South Korea was the majority of visas issued back in 2008, but since that time China has made an extreme jump to the top representing 4/5 of the programs issued EB-5 visas.

CONTACT EMPIRE STATE EB5 REGIONAL CENTER TODAY!