As most know, the current EB-5 program deadline is September of 2012, one year from now. Now, granted, there is a huge effort underway by politicians (sprearheaded by Sen. Leahy from Vermont), activists and stakeholders to get the program extended, and most are hopeful.
BUT...
What happens if it doesn't get extended? We're moving into high election gear in preparation for November of 2012, and many things can happen, most unanticipated, on THAT road. The current debate about immigration in the US is not helpful. Combine immigration and election cycle and one should be fearful for the worst, and be prepared.
For those thinking about seeking their permanent residency (Green Card) in the US through job creating investments, now is the time to begin the process. It takes between 9-12 months to get your temporary residency (I-526) completed, which puts us into September of 2012 at the latest.
Why not take a look our program (http://www.dreamlifeeb5.com/) today, compare it to others, and learn, as others have, why we are a different kind of EB-5 program. Our experienced team will guide you and your family through the process quickly and effeciently.
Showing posts with label green card. Show all posts
Showing posts with label green card. Show all posts
Tuesday, 6 September 2011
Monday, 27 June 2011
Regional Centers - One of them is not like the others!
EB-5 Regional Centers are designated geographic areas that are granted the right to receive investments from immigrant investors who want at Green Card for themselves and/or their family. USCIS manages the accreditation process for Regional Centers. A normally rigorous screening process by USCIS has been put in place to ensure that Regional Center projects fulfill the requirements of the EB-5 program: real economic growth, verifiable job creation, and a sound business and marketing model.
For the most part, Regional Centers are run by private entities, with oversight being done solely by USCIS. While generally speaking since 2003 this has been done relatively well, we have to pose two significant questions:
Starting in 1997, the State of Vermont assumed the responsibility for reviewing and approving EB-5 projects on its territory, adding a layer of oversight to the overall process. EB-5 project managers in Vermont must clearly understand their roles and requirements as dictated by BOTH the State of Vermont AND USCIS. Any failure to do so would mean that the State government could revoke its approval for said project (and probably lead to USCIS doing the same...).
Other aspects of State control comes from the verification role that the State of Vermont assumes in the EB-5 process - members of the State Government are responsible for verification, oversight and management from an economic, legal and political perspective.
Government officials pay regular visits to project sites, consult and assist in their development, and perform audits on a quarterly basis. Now that's oversight second to none!
It is also important to note that Senator Patrick Leahy of Vermont is one of the leading champions of the EB-5 program in Washington, and as such he adds political legitimacy to the program.
Vermont State control and participation mean that investors should feel more comfortable with their EB-5 investments there. They should look closely at EB-5 projects in other states run by private Regional Centers- can they ensure the same sort of protections while maintaining an at-risk investment?
When looking for a Regional Center in which to place your EB-5 investment, think about Vermont. Your US$500,000 at risk investment is, well, at risk. Why not take the steps to ensure that the risks are managed to your benefit?
Check out the Vermont Regional Center website or Dreamlife EB5 for more details.
For the most part, Regional Centers are run by private entities, with oversight being done solely by USCIS. While generally speaking since 2003 this has been done relatively well, we have to pose two significant questions:
- With the explosion of new Regional Centers across the country (over 150 to this date), does the USCIS have the resources to ensure transparency and accountability?
- Can USCIS, alone, provide management and oversight services to EB-5 clients as well as to Regional Centers to ensure real job creation and economic development?
Starting in 1997, the State of Vermont assumed the responsibility for reviewing and approving EB-5 projects on its territory, adding a layer of oversight to the overall process. EB-5 project managers in Vermont must clearly understand their roles and requirements as dictated by BOTH the State of Vermont AND USCIS. Any failure to do so would mean that the State government could revoke its approval for said project (and probably lead to USCIS doing the same...).
Other aspects of State control comes from the verification role that the State of Vermont assumes in the EB-5 process - members of the State Government are responsible for verification, oversight and management from an economic, legal and political perspective.
Government officials pay regular visits to project sites, consult and assist in their development, and perform audits on a quarterly basis. Now that's oversight second to none!
It is also important to note that Senator Patrick Leahy of Vermont is one of the leading champions of the EB-5 program in Washington, and as such he adds political legitimacy to the program.
Vermont State control and participation mean that investors should feel more comfortable with their EB-5 investments there. They should look closely at EB-5 projects in other states run by private Regional Centers- can they ensure the same sort of protections while maintaining an at-risk investment?
When looking for a Regional Center in which to place your EB-5 investment, think about Vermont. Your US$500,000 at risk investment is, well, at risk. Why not take the steps to ensure that the risks are managed to your benefit?
Check out the Vermont Regional Center website or Dreamlife EB5 for more details.
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