The Colorado Regional Center (CRC) to hold seminar on U.S Citizenship Opportunity through investment
The Colorado Regional Center (CRC), a US Citizenship and Immigration Services (USCIS) approved Regional Center for the EB-5 Program, announced a 2-day interactive seminar to be held in Mumbai on 12th and 13th October 2018. The seminar, to be hosted at the Grand Hyatt, Santacruz, will offer Indian nationals an opportunity to obtain U.S Citizenship for themselves, their spouse and unmarried children (any unmarried children under 21 are allowed), through investment in the USCIS approved project –TheEmpire Outlets. Developed by the New York State Empire Outlet Fund I, LLC, and organized by the CRC, the project is New York City’s first and only retail outlet project.
The U.S has long been an aspirational destination for Indian’s to migrate and settle. With the varied opportunities in career advancement, healthcare, education and a superior standard of living, the citizenship of the World’s most successful economy has been signifying prosperity and success for Indians back home. As the popular H-1B visa undergoes modifications, with stringent qualifying rules, the EB5 visa program has been steadily gaining popularity in India.
While the EB-5 Visa has been in the news recently, it still remains ambiguous for most Indian investors. Simply put, the EB-5 Immigrant Investor Program offers foreign nationals an opportunity to invest in a qualifying project in the US andto relocate with their spouse and unmarried children under the age of 21 years. They can enjoy the benefits of permanent residency and can work, attend school, or retire anywhere in the U.S.In turn, the U.S. economy benefits through capital support for important projects while new avenues for high paying American jobs are created.
Typically, interested investors are required to make aminimum investment of USD 500,000 for a project, located in a Targeted Employment Area (TEA) or USD 1,000,000 for a project not located in a TEA. Further, the investor has a choice to invest individually or invest in a larger pool of investors via structured projects managed by the USCIS approved Regional Centers. In case of Individual projects, investors are liable to create 10 direct jobs. However, when investing through the regional center, they can avail the multiple security and process benefits while also having the flexibility to create 10 direct or indirect jobs. Through the two-day seminar, CRC officials along with Johan Segerdahl, a Managing Partner of CRC will will interact with aspiring Indian investors and offer them detailed insights into The Empire Outlet project, highlighting the unique investment advantage.
Speaking about the upcoming seminar, Ms. Jennifer Richmond, VP, Business Development, Colorado Regional Center, expressed, “India has been among the top 3 markets for the EB-5 Visa program and has already recorded a steady growth rate of 30-40% in the last few years. Despite this, there is little awareness about the benefits of investing through a USCIS approved Regional Center and the significance of a credential investment project. We are excited to present our latest investment project for our Indian Investors. Through the seminar, we aim to address the quires and apprehensions of investors seeking a permanent residency in the US.
Talking about the multiple benefits and unique investment advantage for Indian investors when applying for the EB-5 visa program via a USCIS approved Regional Center, Mr. Deepesh Deshmukh, EB-5 Investment Project Facilitator for India, New York Empire Outlets Fund I, LLC, said, “There is growing anxiety among Indian Investors with regards to the EB-5 program, with speculations about the rise in investment limit and the ambiguity about the waiting period for the residency. Through the seminar, Indian investors can gain direct access to CRC officials and understand a structured process for a secure and legally accurate means of investment in the Empire Outlets project. The seminar is ideal for entrepreneurs, executives for and assured means to obtain Green Card.”
Empire Outlets enjoys strong financial backing by investors like Goldman Sachs – the largest equity investor with 11% equity and from the New York state and the New York City government, who have pledged over USD 90 Million in the project through loans and grants. Further, the project has I-924 Exemplar Approval and I-526 approvals. Located on the Staten Island, The Empire Outlets project is developed by the reputed BFC Partners, in association with NYSEOF, CRC and the EB-5 New York State Regional Center, is close to completion and will be opening soon, with retailers already building out their spaces,, offering Indian Investors an opportunity for avail the current EB-5 investment criteria and obtain swift citizenship opportunity.
