EB-5 Visa Process Archives - Boston Regional Center

India Retrogression, Now What?

admin — Mon, 22 Jul 2019 21:18:37 +0000

The recent release of the Visa Bulletin for July 2019 included the first retrogression for EB-5 applicants from India. This has some Indian investors asking, “Now what? Is there a way around this backlog?”

One of the common ideas that comes up as a possible solution is dual citizenship. While this sounds like a good idea, it is not a solution. Unfortunately for some, the EB-5 visa has to be applied for under your country of birth. That means that if an investor was born in India and also has Canadian citizenship, they are still subject to the recent backlog.

However, there is a way around this for some investors. The EB-5 visa application covers the applicant, spouse, and unmarried children under 21. The application can also be filed by either spouse. Therefore, if an Indian family is applying for the EB-5 visa, and one spouse was born in Canada for example, they can apply under the Canadian spouse’s name. The visas would then be counted toward Canada’s allotted EB-5 visas, and they would be exempt from the India retrogression.

Visit USRCGroup.com for more information on the EB-5 visa and frequently asked questions.

Stay tuned for more EB-5 visa and US Regional Center Group updates!

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EB-5 Investment Changes

admin — Mon, 15 Jul 2019 21:14:43 +0000

If you have been following the news on the EB-5 visa, you have probably heard talk about EB-5 investment changes coming up. Here is the information that we know so far.

The U.S. Office of Management and Budget completed its review of the proposed regulatory changes of TEA and investment requirements on June 27, 2019. (See Official Announcement) The current minimum investment amount is $500,000 when working with a regional center. However, this amount will likely be changing to up to $1.35 million for projects located in a TEA and $1.8 million for projects not located in a TEA.

There is no set date yet on when this change will be finalized. Stay tuned for more updates on EB-5 investment changes as things continue.

If you are planning on applying for the EB-5 visa, now is the time to get started. Contact us for more information on how to begin your EB-5 visa application.

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One Investor’s Journey to the EB-5 Visa, Part 1

admin — Wed, 29 May 2019 17:40:06 +0000

When Raj* reached out to the U.S. Regional Center Group, he had done his due diligence and knew the EB-5 visa program was the best option for himself and his family. It would allow him, his wife, and their three children to live and work in the U.S. permanently without any need for renewal regardless of employment or academic situation. One of the reasons that Raj and his wife were interested in emigrating to America was to more easily send their children to American universities. They knew if they were legally residing in U.S. before their kids applied to colleges, they could save thousands of dollars in tuition costs.

Raj had been looking into multiple regional centers to find the best fit to help him pursue this immigration path. He was aware of the talk of fraud that often tarnishes the EB-5 visa’s reputation, and he wanted to make sure to work with a regional center that was fully compliant with all of the USCIS and U.S. Security and Exchange Commission (SEC) regulations in order to avoid the mistakes that people sometimes make when attempting to cut corners. During his research he came across regional centers that sold securities using broker-dealers and some that did not. When Raj asked the U.S. Regional Center Group about this, he was informed that the SEC regulations require the use of a broker-dealer to sell securities, and once Raj learned this, he was easily able to narrow down his list of potential regional centers to work with.

He then started looking at the project history of each regional center. He wanted to work with a regional center that had a good track record of successful visa applications and whose projects were structured to maximize visa success. Raj also wanted a regional center that was not owned by the real estate developer of the project. This was to prevent any potential conflicts of interest and ensure that the regional center would have his best interests at heart as the EB-5 investor. After getting basic information from a USRC Group representative, Raj was connected with a broker-dealer who went over the financial details of the investment and available projects. USRC Group satisfied all of Raj’s criteria for a regional center; he decided to apply for his EB-5 visa through the U.S. Regional Center Group.

Stay tuned to find out the next steps that Raj took, with the help of the U.S. Regional Center Group, to pursue his American dream.

*Raj is a fictional investor based on the experiences of multiple clients of the U.S. Regional Center Group

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