Orlando soccer stadium could get you a US Green Card

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We will keep you updated but saw in the ORLANDO SENTINEL that overseas residents who invest in Orlando soccer stadium could get US Green Cards – through the EB5 Regional Centre programme.

Investors could get green cards at Orlando City’s new soccer stadium if they pay $500,000 each to help build it.

Bill’s note – the investment level is set to rise to $800,000 in September. Please call or email us asap if you think this Visa may be an option for you and your family.

The Employment-Based Immigration Investor Program, or EB-5, was created by Congress in 1990 to encourage foreign investment in the nation’s blighted urban cores and rural areas by offering a path to citizenship as an incentive.

Flávio Augusto da Silva, the Orlando team’s majority owner, said he aims to raise half the cost of the $156 million stadium with EB-5 money.

 

Defenders say EB-5 has created thousands of permanent jobs in the U.S. and generated billions for new projects including condominiums, hotels, and shopping malls.

After investing their money, EB-5 applicants typically wait 16 to 24 months for a temporary green card, he said. They can seek U.S. citizenship five years later.

Investors in the Orlando soccer stadium also receive a stake in the company that runs the stadium and two club seats for 10 years.

Happy Orlando Soccer Stadium (and “Green Card”) investing!

Lake Buena Vista Resort and Spa is another local EB5 Regional Centre.

Bill Cowie, Director

EB5InvestmentVisas.com

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With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.

For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

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Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

EB-5 Visa Update

US “Fast Track” EB-5 Visa Update

As the normal drizzly European winter fast approaches and international currencies continue to strengthen against the US dollar, many would-be emigrants are turning their thoughts once again to America and in particular, the “Sunshine State” of Florida.

Much has happened in the last few months to make the increasingly popular EB-5 investment visa even more appealing. The US government and several individual States, such as Florida, for example, have intensified and broadened their search for investment capital and job creation during these challenging recessionary times.

A good measure of the EB-5 (“Employment-Based”) visa programme’s growing popularity and success is its rapid expansion in recent months. The choice of US government-designated EB-5 “Regional Centers”, for example, has doubled in the past year, from under 30 locations last year to over 60 now. Along with increased choice, however, comes the increased need for due diligence in the selection of the one EB-5 Regional Center that best fits your individual and unique budgetary, investment and personal requirements.

Additionally, Regional Centers are becoming more competitive in their efforts to attract the US$500,000 or US$1 Million investment required to participate in the programme. One Florida EB-5 Regional Center, located only minutes from Walt Disney World in Orlando, has recently increased its EB-5 investment offering from two luxury condominium rental-income apartments to three – 33% more Florida property for the same investment amount!

The EB-5 visa secures a permanent US resident Green Card not only for the applicant but also their entire family under 21 (the bigger the family the bigger the visa value).

Please let us know, therefore, if you would like a more detailed update of the US EB-5 “Fast Track” visa. This timely and sensible US immigration programme enables you to invest in, as well as emigrate to the Unites States, without the usual qualification issues, delays and frustrations of many other US visa options.

So come, live and invest in America’s “Sunshine State”!

Sincerely,

Christine Doran – Emigrated to the U.S. in 1992

General Manager
British Homes Group Florida
www.eb5investmentvisas.com
www.britishhomesgroup.com
Telephone: (+1) 407 396 9914
From within the UK Freephone: 0800 096 5989


Lake Buena Vista EB5 Regional Center
Lake Buena Vista EB5 Regional Center

EB-5 Visa Hoping to be Extended Until September 30th 2013

The US EB-5 immigration visa, one of the quickest and easiest ways for international investors to live and work anywhere within the United States is expected to be extended until September 2013 within the next few days. As it stands this method of immigration into the United States will ‘sunset’ on March 6th 2009. If you would like more information on this type of visa, or any other type of visa that allows the applicant(s) to live and work in the US, please visit: www.eb5investmentvisas.com

The latest information, from the Library of Congress, can be found here: http://thomas.loc.gov/cgi-bin/bdquery/z?d110:HR05569:@@@L&summ2=m&

110TH CONGRESS

2d Session – 110-698

TO EXTEND FOR 5 YEARS THE EB-5 REGIONAL CENTER PILOT PROGRAM

JUNE 5, 2008- Committed to the Committee of the Whole House on the State of the Union and ordered to be printed 

Mr. CONYERS, from the Committee on the Judiciary, submitted the following 

R E P O R T[To accompany H.R. 5569]

[Including cost estimate of the Congressional Budget Office]

    The Committee on the Judiciary, to whom was referred the bill (H.R. 5569) to extend for 5 years the EB-5 regional center pilot program, having considered the same, report favorably thereon without amendment and recommend that the bill do pass.

PURPOSE AND SUMMARY

H.R. 5569 reauthorizes the EB-5 Immigrant Investor Pilot Program for regional centers for 5 years, until September 30, 2013.

BACKGROUND AND NEED FOR THE LEGISLATION

Congress created the fifth employment-based preference (EB-5) immigrant visa category in 1990 for immigrants seeking to enter the United States to invest in a commercial enterprise that will benefit the U.S. economy and create at least 10 full-time jobs. 1

[Footnote] The basic amount required to be invested is $1 million, although that amount can be reduced to $500,000 if the investment is made in a rural or high unemployment area. 2

[Footnote] Approximately 10,000 visas are available in this green card category each year.

[Footnote 1: Immigration and Nationality Act, Sec. 203(b)(5), 8 U.S.C. 1153(b)(5) (2007).]

[Footnote 2: Immigration and Nationality Act, Sec. 203(b)(5)(C)(ii), 8 U.S.C. 1153(b)(5)(C)(ii) (2007).]

Since its inception, the EB-5 category has been underutilized. For example, in FY 2007, a total of only 806 investors and family members immigrated to the United States in the EB-5 category. 3

[Footnote] This still represented a high for the program, however, and evidences the fact that interest and participation in the EB-5 program has increased significantly over the past several years. Unofficial estimates indicate that the EB-5 immigrant investor program is projected to achieve, during the current year, an annual rate of $1 billion in aggregate immigrant investment, with more than 20,000 new direct and indirect jobs created annually.

[Footnote 3: Department of Homeland Security, Yearbook of Immigration Statistics: 2007, at http://www.dhs.gov/ximgtn/statistics/publications/LPR07.shtm (table 7).]

To help further encourage immigration through the EB-5 category, Congress created a temporary pilot program in 1993. 4

[Footnote] The Immigrant Investor Pilot Program allocates 3,000 visas each year for EB-5 investors who invest in `designated regional centers.’ The pilot program has been renewed several times, and is currently due to expire September 30, 2008. 5

[Footnote] H.R. 5569 would extend the EB-5 regional center pilot program for 5 years, until September 30, 2013.

[Footnote 4: Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act of 1993, Pub. L. No. 102-395, Sec. 610, 106 Stat. 1874 (1992), 8 U.S.C. 1153 note (2007).]

[Footnote 5: Basic Pilot Program Extension and Expansion Act of 2003, Pub. L. No. 108-156, Sec. 4(b), 117 Stat. 1945 (2003) (extending EB-5 pilot program 5 years to Sept. 30, 2008).]

An investment under the EB-5 pilot program must be made in a commercial enterprise located within a `regional center,’ defined as `any economic unit, public or private, which is involved with the promotion of economic growth, including increased export sales, improved regional productivity, job creation, or increased domestic capital investment.’ 6

[Footnote]

[Footnote 6: 8 C.F.R. Sec. 204.6(e).]

A regional center seeking approval must submit a proposal showing how it plans to focus on a geographical region within the United States. The proposal must show `in verifiable detail how jobs will be created,’ along with the amount and source of capital committed and the promotional efforts made and planned. 7

[Footnote] There are approximately 19 active approved regional centers today, and at least 20 other applications for regional center designation are pending.

[Footnote 7: 8 C.F.R. Sec. 204.6(m)(3).]

U.S. Citizenship and Immigration Services (USCIS) is currently stepping up its review of new regional center applications and increasing oversight of existing regional centers to ensure that the EB-5 program grows in a responsible way. In a recent advisory letter to a regional center, USCIS outlined 17 types of information that approved regional centers must track to keep their regional center designation. 8

[Footnote]

[Footnote 8: Letter from USCIS Foreign Trader, Investor & Regional Center Program to Metropolitan Milwaukee Association of Commerce (June 12, 2007).]

Assuming a regional center application has been approved, an applicant seeking EB-5 status under the pilot program must make the qualifying investment (i.e., the amount of money required under the regular EB-5 program) within an approved regional center. The requirement of creating at least 10 new jobs, however, is met by a showing that as a result of the new enterprise, such jobs will be created directly or indirectly.

In 2003, Congress asked the U.S. Government Accountability Office (GAO) to study the EB-5 program. The GAO concluded that the program had been under-utilized–for a variety of reasons. It found, however, that even though few people have used the EB-5 category, EB-5 participants have invested an estimated $1 billion in a variety of U.S. businesses. 9

[Footnote]

[Footnote 9: U.S. Government Accountability Office, No. GAO-05-256, `Immigrant Investors: Small Number of Participants Attributed to Pending Regulations and Other Factors’ (Apr. 2005), at http://www.gao.gov/new.items/d05256.pdf.]

To help further the purposes of the EB-5 program, the Committee recommends that, to the extent practicable, qualifying investments under the pilot program should be made in targeted employment areas, as defined in section 203(b)(5)(B)(ii) of the Immigration and Nationality Act, 10

[Footnote] These should include rural areas, i.e., areas other than an area within a metropolitan statistical area or within the outer boundary of any city or town having a population of 20,000 or more (based on the most recent decennial census of the United States). And they should also include high-unemployment areas, i.e. areas that have experienced unemployment of at least 150 percent of the national average rate.

[Footnote 10: 8 U.S.C. Sec. 1153(b)(5)(B)(ii) (2007).]

HOUSE OF REPRESENTATIVES

www.eb5investmentvisas.com

EB-5 Visa

EB5 Investment Visas for International Investors in the US

US GOVT ALLOWS DEVELOPERS TO ‘SELL’ HNW PERMANENT RESIDENCY VISA-BASED PROJECTS

The US government has finished the test phase of a new immigration category called EB-5 (Employment Based Statute 5), which grants individuals permanent residency in the US if they invest $1million into a local job-making business or property development.  The visa allows for a $500,000 investment if it is invested in an area determined by the USCIS to be in special need of economic stimulus.

Designed to boost a region’s economy, the scheme has been piloted in 23 markets across the US and allows a high net-worth investor (HNW) to move to the US permanently, as long as the project (residential, mixed-use or commercial), employs 10 people as a direct result of the investment. The developer or business owner is allowed to sell 35% of the business to 35 individual investors, each taking a 1% stake, along with property or a physical holding at the company.

Property professionals across the US have already started partnering with owners of mixed-use projects in the country and marketing this visa-property solution to HNW international buyers.

The latest partnership has been signed in Orlando, Florida, between mortgage broker and agency the British Homes Group (BHG) ( www.britishhomesgroup.com/eb5.php ) and the developer of a luxury twin-tower condominium resort, one mile from Disney World.

Bill Cowie, director of BHG, said believes that this will be of particular interest to agents with British, European, Russian and Asian clients.

“The US government is working to attract more investment into the country and this is a genuine solution for investors wishing to obtain a residency permit in the US,” he said. “The cost-of-entry is a little steep, but the financial returns are immediate and the life-style rewards are immense. Agents, of course, now have an exciting new product and substantial income opportunity for their clients both in the UK, Europe and around the world.”

Investors into the specific Orlando project will pay $1million for a 1% share of the development company and will receive two condominium apartments for personal use or rental income.

For more information please visit: www.eb5investmentvisas.com