Sunday, August 3, 2008

Establishing an EB5 Project for Your Community or City to Attract Foreign Business Investors

Are you looking for an EB-5 expert to assist your organization in establishing your very own EB-5 Regional Center, starting your EB-5 investment project or marketing your program to international investors? Mr. Brian Su has advised a number of EB-5 executives and law firms on how to successfully establish an EB-5 project and effectively identify reliable partners in international market. Mr. Su assisted EB-5 projects in finding reliable partners and agents in China, South Korea, India and other Asian countries. Please contact Mr. Su today for details! Mr. Su is an invited seminar speaker at a national EB-5 conference in Orlando, Florida this coming September.

"Attracting Asian Investors to U.S. EB-5 Projects"
The presentation is programmed for federally approved regional centers (EB-5 investment projects) and law firms that handle immigration cases.
Topics: Overview of Asian Outbound Immigration Investments; Major EB-5 Projects Available in Asian Market;
the Characteristics of Asian Investors; Asian Investors' Decision Making Process; Developing Effective Marketing Strategies; Partnering with Asian Marketers; Cultural and Legal Issues, Q & A., etc.
When: any time from the convenience of your desk at home or office; Order Your Presentation at http://www.midwestUSAChina.com/eb5.htm

Mr. Brian Su has extensive experience in international trade, business development, marketing management, and strategic planning. Prior to founding Artisan Business Group, Mr. Su served Illinois governor Jim Edgar and assisted him in his successful trade mission to China in 1996 and helped him host a numbers of Chinese government and trade delegations. Before coming to the U.S. in 1989, Mr. Su worked as a marketing manager for China Non-Ferrous Metals Import and Export Corporation. He has a MPA degree from the University of Illinois at Springfield in the U.S., and a Bachelor degree in English from Guizhou University in China. He is fluent in Chinese Mandarin and English. His extensive network of Chinese government and business connections, together with the amalgam of his Chinese background, U.S. education and multinational work experience, leaves him well placed to bridge the business knowledge gap between the two cultures. Mr. Su is able to give its clients a unique inside view of what is happening in China found nowhere else. Mr. Su is a public speaker, speaking on a wide range of China-related business and culture topics.

EB-5 Project Overview

To encourage foreign investment in the U.S. economy through the EB-5 category, Congress created an EB-5 Pilot Program in 1993. By so doing, Congress permitted the U.S. immigration agency to designate qualified applicants as Regional Centers. A Regional Center is a private enterprise or corporation or a regional governmental agency with a targeted investment program within a defined geographic region. The Regional Center program in many ways mirrors long active and successful investment-employment based programs in the United Kingdom, Canada, Australia, and other foreign nations.

The Regional Center Investment Program allocates 3,000 green cards each year for people who invest in designated Regional Centers. The Program has been renewed several times, and is currently due to expire September 30, 2008.

The Regional Center Investment Program does not require that the foreign investor's enterprise itself directly employ 10 U.S. workers. Instead, it is enough if 10 or more jobs will be created directly or indirectly as a result of the investment. The Regional Center Investment Program aids foreign investors by directing and professionally managing their investment in the designated business and geographic focus of their Regional Center.

Before an investor can participate in a Regional Center EB-5 investment program, each investor must independently petition USCIS for an EB-5 visa. USCIS solely determines whether the investor qualifies for the EB-5 visa. USCIS' diligence includes a detailed review of the sources of the investor's funds, family history, and other representations of the head of household and his immediate family member under the age of 21.

As with the regular EB-5 program, qualified investors investing through a Regional Center first receive a conditional green card valid for two years. At the end of that time the investor files another application with USCIS showing that their money was "at risk" during the two-year period and that the jobs have been created. Once those applications have been approved, the investor and his immediate family become permanent green card holders and can later apply to become U.S. citizens. The whole EB-5 process takes approximately 3-5 years or longer depending upon the timeliness, quality and validity of the investor's submissions.

The requirements for an investor under the Pilot Program are essentially the same as in the basic EB-5 investor program except the Pilot Program allows for a less restrictive requirement for “indirect” rather than “direct” job creation. The capital investment requirement for any EB-5 investor, inside or outside a Regional Center is $1 million. The capital investment requirement for an EB-5 investor in a Targeted Employment Area (TEA) or a Rural Area (RA) is $500,000.

For more information about how to start up your own Regional Center or EB-5 Program, please contact Mr. Brian Su today.