Luat su di tru Mark Davies Su Kien EB5 Visa May 2024 2

Luật sư di trú Mark Davie chia sẻ tại tọa đàm tại sự kiện “We Realize Your American Dream” USIMI Group

Ngày 25/04/2024, sự kiện toàn cầu về di cư và đầu tư đã diễn ra tại Thành phố Hồ Chí Minh, do USIMI GROUP tổ chức. 

Sự kiện này tập trung vào việc cung cấp cập nhật về chương trình visa EB-5, thu hút sự quan tâm của doanh nghiệp và nhà đầu tư Việt Nam đang tìm kiếm cơ hội tại Hoa Kỳ.

Luật sư Mark Davies, nhà sáng lập của hãng luật chuyên về di trú và định cư Davies & Cộng sự vinh dự là khách mời tọa đàm của sự kiện. 

Ông Davies đã chia sẻ những thông tin quý báu về chương trình EB-5, đặc biệt là tập trung vào cách người đầu tư Việt Nam lựa chọn con đường EB5 trung tâm vùng hoặc EB5 trực tiếp, và cách thức dùng dòng tiền đúng đắn cho visa EB5. 

Link to image Luat su di tru Mark Davies Su Kien EB5 Visa May 2024 1.jpg

ALT tag: Luat su di tru Mark Davies Su Kien EB5 Visa May 2024 1

Image Caption:  Luật sư di trú Mark Davies chia sẻ cách thức dùng dòng tiền đúng đắn cho visa EB5. Ảnh: USIMI Group.

Trong bối cảnh của sự kiện, các nhà đầu tư được cung cấp thêm thông tin mới về tình hình EB-5 cho nhà đầu tư Việt Nam:

  • Trong quý đầu tiên của năm tài chính 2024, những nhà đầu tư từ Trung Quốc, Việt Nam và Ấn Độ tiếp tục là những đại diện lớn nhất trong số nhà đầu tư EB-5 trên toàn cầu. Hơn 46% số thị thực EB-5 được cấp trong năm tài chính 2024 đến từ Việt Nam.
  • Từ tháng 10 đến tháng 12 năm 2023, tổng cộng 1.127 thị thực EB-5 đã được cấp cho nhà đầu tư Việt Nam, chiếm 47% số lượng cấp thị thực EB-5 trên toàn thế giới trong Quý 1 năm tài khóa 2024. Đây là mức tăng đáng chú ý 1.024% so với năm trước.
  • Mặc dù đã đạt đến giới hạn EB-5 cho mỗi quốc gia vào năm tài chính 2024, người đầu tư Việt vẫn tiếp tục nhận được thị thực EB-5 trong tháng 11 và tháng 12.

Sự kiện đã cung cấp cho nhà đầu tư Việt Nam cái nhìn rõ ràng hơn về các lựa chọn visa EB-5 và giúp họ hiểu rõ hơn về cơ hội kinh doanh tại Hoa Kỳ.

Tại sao Davies & Associates LLC nên là đối tác pháp lý visa EB5 của bạn:

Thành công của chúng tôi đến từ kinh nghiệm và cách làm việc nổi bật của chúng tôi khi đề cử một đội ngũ luật sư di trú Mỹ nhiều kinh nghiệm cho mỗi khách hàng.

Mỗi khách hàng của Davies and Associates được một đội ngũ luật sư hỗ trợ ở các mảng chuyên biệt để đảm bảo chất lượng hồ sơ và giảm thiểu rủi ro cho khách hàng. Mỗi khách hàng EB5 của chúng tôi thường được một đội ngũ tư vấn, bao gồm:

  • Một luật sư địa phương đảm bảo các vấn đề về hệ thống pháp luật tiền tệ và các thông lệ, thực tiễn tại các quốc gia mà nguồn vốn được sử dụng
  • Một chuyên gia bất động sản hoặc luật sư tài chính hỗ trợ thẩm định dự án
  • Một chuyên gia, luật sư về Chứng Minh Tài Chính
  • Một luật sư EB5 cấp cao chịu trách nhiệm giám sát, đảm bảo tiến độ thực hiện của việc chuẩn bị và nộp hồ sơ EB5 cho từng khách hàng.


Looking for an US immigration lawyer? Request free consultation at Davies & Associates or find our closest location around the world.


Us Immigration Attorney

E2 Visa vs EB5 Visa: Choosing the Right Investment Route

About the E2 Visa

An E2 Business Visa is a nonimmigrant visa which allows a foreign national of a country which maintains a treaty of commerce and navigation or a qualifying international agreement with the U.S., or that has been deemed qualified by legislation to go to the U.S. after investing substantial investment funds in a U.S. business, franchise business, or by creating a new business.

About the EB5 Visa

An EB5 Visa, on the other hand, offers permanent residency to the principal investor in exchange for a minimum investment in a qualifying project or business in the U.S.

Differences:

Immigrant vs Nonimmigrant

One of the main differences between an E2 Visa and an EB-5 Visa is that the E2 Visa is a nonimmigrant visa while the EB-5 Visa is an immigrant visa. Nonimmigrant Visas are temporary visas and don’t directly lead to a green card, while immigrant visas give permanent resident status in the U.S.

This means that under the EB-5 program, the investor is eligible to acquire a green card, which is the evidence of permanent residency.

If you’re an E2 Visa applicant or holder, you need to prove your intent to depart the US once your visa status ends.

Minimum Investment Amount

The other main difference between an E2 Visa and an EB-5 Visa is the minimum investment amount. Foreign investors under the EB-5 program are required to invest a minimum of USD 800, 000 for projects in a targeted employment area (TEA) or USD 1,050,000 for business investment not located in a TEA. A targeted employment area is considered an area where there’s high unemployment or is considered a rural area.

Meanwhile, the E2 Visa doesn’t have a set minimum investment amount. It requires the foreign investment to a US business to be a substantial amount, but there’s no minimum amount that’s considered substantial. Instead, substantiality is determined by the nature and the requirements of the business.

If the business fails, both the E2 investor and EB5 conditional resident lose their status.

Place of Filing

Petitions for an EB-5 Visa are approved and filed before the USCIS before the investor can apply for the immigrant visa at the U.S. Embassy or Consulate or apply to adjust status in the U.S. if already in the U.S. on a valid nonimmigrant status. Meanwhile, petitions for an E2 Visa are filed directly at the U.S. Embassy or Consulate which can be located in: 1) the investor’s country of birth, 2) the country of citizenship, or 3) a U.S. Consulate in a country of residence or anywhere in the world that’s willing to take the case. Due to this, the interview is critical for E2 Visa petitions. Filing a change of status to E-2 is also possible if the applicant is already in the U.S. on a valid nonimmigrant status.

Nationality Requirement

The E2 Treaty Investor Visa requires that foreign nationals must possess the nationality of the country which maintains a treaty of commerce and navigation which maintains a qualifying international agreement with the U.S., or which has been deemed qualified by legislation.

This doesn’t mean, however, that nationals from countries without an E2 investment treaty with the U.S. are no longer eligible. They can still qualify in two ways: 1) by being a citizen of the treaty country, or 2) by being married to a citizen of a treaty country.

Meanwhile, the EB-5 Visa doesn’t have a nationality requirement.

Job Creation Requirement

The EB-5 program requires the investor to create 10 full-time jobs for qualified U.S. workers, which must be done before they receive their permanent green card.

The E-2 Visa doesn’t have the same requirement. Instead, the investor must show that the business enterprise is not “marginal”. This means that the business has the present or future capacity to generate more than enough income to provide for the minimal living of the investor and their family.

Source of Funds

Both the E2 and EB-5 Investment Visas require that the investor show their investment funds were sourced from legal or lawful means. It may be sourced through employment, the sale of property, a gift, or a loan among others.

Processing Timeline

The processing time for both the E2 and the EB-5 Visa varies greatly. The process of E2 Visa is much quicker and easier. It can be obtained either through a: 1) Change of Status or 2) Visa Processing. It can take for an E2 Visa to be processed in 4
months.

Meanwhile, the process of an EB5 Visa</a > is very long and has multiple steps. After the processing of Form I-526, it requires: 1) Adjustment of Status or 2) Visa Processing. After this, the investor receives a 2-year conditional green card which they would then remove conditions through Form I-829 3 months before it expires.

The USCIS releases a monthly visa bulletin for the EB-5 Visa priority date. According to the recent October 2023 USCIS Visa Bulletin, the priority date for all countries is ‘Current’ except for China and India, which means that there is no backlog and no retrogression. The application may be filed regardless of the investor’s priority date.

Moreover, in recent years, there have been more people filing for an EB5 visa which creates backlogs and increases wait times due to the quota.

Visa Cap

There are only 10,000 EB5 Visas that are available each year and from this 10,000, 3,000 is set for investors who invest in a commercial enterprise that will create jobs in a TEA. Compared to this, the E2 Visa doesn’t have an annual limit or cap on visas issued per year.

Work Authorization

Both visas allow the investor to work in the U.S., however, there is a main difference in the extent to which they can work. Under the E2 Visa, they are only allowed to work for the E2 business. Meanwhile, under the EB-5 Visa, they are allowed to work for any company.

Taxation

Another main difference is that since EB-5 Visa holders obtain green cards, they are subject to the U.S. tax on worldwide income. Meanwhile, E2 Visa holders can avoid tax on their worldwide income by reducing the days they spend in the U.S.

Ownership of Business

The E2 Visa requires that the foreign investor owns at least 50% of the E2 business to qualify. On the other hand, EB-5 Visa investors are not required to own any specific percentage of the business.

Time Spent in the U.S.

Since the EB5 Visa confers lawful permanent residence, the investor must establish ties to the U.S. and not abandon the permanent residency. In general, a U.S permanent resident should not spend more than 6 months outside the U.S. for every trip. If there is a need to stay outside the U.S. for more than one year, it is recommended to apply for a re-entry permit before leaving to avoid abandonment of permanent resident status.

Dependent Family members

For both visas, their dependent family members such as their spouse and unmarried children under the age of 21 can accompany them to the U.S.

Under the EB5 Visa, the investor’s spouse can work under their conditional green card for any employer they desire.

As for the E2 Visa, the investor’s spouse is no longer required to show an Employment Authorization Document (EAD) after the USCIS updated its policy manual. They’re already considered employment authorized based on their E-2 derivative status.

Both visas also allow the investor’s unmarried children under the age of 21 to attend school.

Pursuing Other Opportunities

As we have said, E2 investors must work for the same company for which their temporary visa was issued. Compared to this, EB5 investors can attend school, work anywhere, or enjoy their retirement among others as long as they have their conditional green cards or they’re at least a limited partner or director of the enterprise they invested in.

Benefits of Obtaining a Green Card

As it stands, the main difference between an E-2 Visa and an EB-5 Visa is that the latter confers a green card to the qualified investor. So you might be asking, what are the benefits of obtaining an investment green card?

Here are some of the benefits once you have obtained a green card:

  • You become a permanent resident of the U.S;
  • Your dependent family members such as your spouse and unmarried children under the age of 21 can also obtain a green card;
  • You can do unlimited or multiple business in the U.S;
  • You can travel freely anywhere in the world; and
  • You have access to the quality of life and benefits of the U.S. economy.

Conclusion

While both the E2 and EB-5 Visa are considered investment visas, they still have stark differences which you must know and understand as a different visa may apply depending on your case or circumstances. Moreover, both visas have different eligibility requirements, which would affect the relevant documents and answers to the interview you would need to prepare.

If you’re still unsure which visa to apply for, Davies & Associates and its team of experienced immigration lawyers can help you determine the
perfect visa for your current goals and needs.


EB5 Visa for Vietnamese Investor: Direct versus Regional Center - what is the better option

Visa EB5 cho Nhà đầu tư Việt Nam 2023 – 2024: Trực tiếp so với Trung tâm vùng – lựa chọn nào tốt hơn?

Ngày 2/12/2023, một sự kiện toàn cầu về di cư và đầu tư được tổ chức tại Thành phố Hồ Chí Minh bởi John Hu Migration Consulting, với chủ đề nổi bật là cung cấp cập nhật về chương trình visa EB-5, thu hút doanh nghiệp và nhà đầu tư Việt Nam đang tìm kiếm cơ hội tại Hoa Kỳ.

Tại sự kiện, ông Mark Davies, nhà sáng lập của hãng luật chuyên về di trú và định cư Davies & Cộng sự, và ông Simon Thien Nguyen, Chuyên viên Đầu tư giàu kinh nghiệm của hãng, chia sẻ những hiểu biết quý báu về các tùy chọn khác nhau trong chương trình thị thực visa EB-5 dành cho nhà đầu tư Việt Nam. Các thông tin được luật sư chia sẻ nhằm giúp nhà đầu tư Việt Nam hiểu rõ hơn về các lựa chọn visa khác nhau để bắt đầu kinh doanh tại Hoa Kỳ.

Điểm chính về triển vọng Visa EB-5 cho nhà đầu tư Việt Nam trong giai đoạn 2023 – 2024:

Luật sư Davies đảm nhiệm phần thảo luận, tóm tắt về chương trình EB-5 và giải thích về các lựa chọn cho nhà đầu tư Việt Nam. Diễn giả đi sâu vào chi tiết về chương trình EB-5, mang đến cho mọi người cái nhìn rõ ràng về các con đường visa mà doanh nghiệp và nhà đầu tư có thể tham khảo.

Visa EB5 hình thức đầu tư trực tiếp (direct) so với Trung tâm Vùng (regional center): Lựa chọn nào cho nhà đầu tư Việt trong 2023 – 2024?

Luật sư Mark Davies nói về một vấn đề phổ biến mà nhà đầu tư Việt Nam thường gặp: lựa chọn giữa các chương trình visa EB-5 Trực tiếp và EB-5 Trung tâm Vùng.

Luật sư nhấn mạnh tầm quan trọng của việc giảm thiểu rủi ro khi đầu tư visa EB5, đặc biệt là khi xem xét tùy chọn Trung tâm Vùng. Luật sư nhấn mạnh ưu điểm của việc giảm rủi ro khi chọn đầu tư Visa EB5 dạng Trung Tâm Vùng, khi khách hàng nhận được sự cố vấn và hỗ trợ của nhiều bên: đại diện trung tâm vùng, chủ đầu tư, luật sư cố vấn và công ty tư vấn đầu cư định cư. Việc này sẽ giúp khách hàng tránh được rủi ro nhiều hơn hình thức EB5 trực tiếp, giảm trách nhiệm quản lý một doanh nghiệp EB-5 độc lập, nơi yêu cầu tạo ra và duy trì 10 việc làm.

Trả lời câu hỏi của người tham dự sự kiện về EB5:

Visa EB5 cho nhà đầu tư Việt Nam 2023 trực tiếp và trung tâm vùng

Tại sự kiện cũng diễn ra một phiên hỏi và đáp cùng các nhà đầu tư về việc sử dụng tài khoản escrow. Những câu trả lời của ông nhấn mạnh về tầm quan trọng của việc có một công ty luật đáng tin cậy giám sát quy trình, đảm bảo rằng quỹ của nhà đầu tư được xử lý một cách an toàn theo quy định của EB-5.

Tổng kết, Davies & Associates LLC, đại diện bởi ông Mark Davies và ông Simon Thien Nguyen, đóng vai trò quan trọng trong việc giúp mọi người hiểu rõ hơn về chương trình visa EB-5. 

Sự kiện không chỉ giới thiệu về chuyên môn của công ty trong lĩnh vực pháp lý nhập cư mà còn đối mặt với những lo ngại quan trọng của nhà đầu tư, như việc sử dụng tài khoản Escrow. Bằng cách làm rõ những khía cạnh này, Davies & Associates LLC mong muốn tiếp tục hỗ trợ doanh nghiệp và nhà đầu tư điều hướng thành công trong thế giới phức tạp của chương trình EB-5.


Looking for an US immigration lawyer? Request free consultation at Davies & Associates or find our closest location around the world.


EB5 Visa for Vietnamese Investor: Direct versus Regional Center - what is the better option

EB5 Visa for Vietnamese Investor 2023 – 2024: Direct versus Regional Center – what’s the better option?

On 12/2/2023, a special global migration and investing event was organized in Ho Chi Minh City by John Hu Migration Consulting, with one of the notable topics being to explain the ins and outs of the EB-5 visa program, attracting Vietnamese businesses and investors looking for opportunities in the United States.

During the event, Mr. Mark Davies, who is the Managing Partner at Davies & Associates LLC, and Mr. Simon Thien Nguyen, an experienced Investment Consultant, shared valuable insights about the various options within the EB-5 visa program for Vietnamese Investors. They aimed to help Vietnamese investors understand the different visa choices available for starting a business in the U.S.

Key Points about EB-5 Visa outlooks for Vietnamese in 2023 – 2024:

Mr. Davies led the discussion, providing a summary of the EB-5 program and explaining the choices for Vietnamese investors. The speaker went into the details of the EB-5 program, giving everyone a clear idea about the visa paths that businesses and investors can explore.

EB5 Direct vs. Regional Center:

A key point discussed at the event was Mr. Mark Davies talking about a common problem that investors often face: deciding between the EB-5 Direct and EB-5 Regional Center programs.

He stressed how important it is to reduce risks, especially when considering the Regional Center option. Mr. Davies pointed out the benefit of involving different parties within the Regional Center structure, offering clients more support and lessening the responsibility of managing an EB-5 business on their own. Additionally, he highlighted the significance of job creation in the Direct EB5 model, where creating and maintaining 10 jobs is a requirement.

Interactive EB5 Q&A Session:

EB5 Visa for Vietnamese Investor: Direct versus Regional Center - what is the better option

We also had an interactive session where Mr. Davies answered questions from the audience, including concerns about using Escrow accounts. His responses emphasized the importance of having a reliable law firm oversee the process, ensuring that investors’ funds are handled securely according to EB-5 regulations.

In conclusion, Davies & Associates LLC, represented by Mr. Mark Davies and Mr. Simon Thien Nguyen, really seeks to help everyone understand the EB-5 visa program through reality – proven case studies.

The event also showcased the firm’s expertise in immigration law and addressed important concerns for investors, such as the use of Escrow accounts. By providing clarity on these aspects, Davies & Associates LLC hope to continue supporting businesses and investors navigating the complex world of the EB-5 program successfully.


Looking for an US immigration lawyer? Request free consultation at Davies & Associates or find our closest location around the world.


Investor Visa Application Price Increase

Guide to Taking a Loan for EB5 Visa or E2 Visa

There are two kinds of U.S. investor visa: (1) the non-immigrant E-2 investor visa; and (2) the immigrant EB-5 visa.

An EB5 Visa USA loan refers to a loan that’s taken by the petitioner to fund part or all their EB5 investment. The same principals generally apply for financing an E2 investor visa.

Can I Use a Loan for a U.S. Investor Visa Application?

Yes.

Loans are one of the authorized forms of financing that an investor may use. Investors commonly use loans to fund EB-5 and E-2 qualifying investments.

Loans can be secured or unsecured. Home Equity Lines of Credit (HELOC) can allow homeowners easy access to EB5 financing.

You must file documentation that evidences the bona fides of the loan with USCIS. This includes: (1) the lender’s source of funding*; and (2) the method by which money was transferred from the lender to the EB-5 investor.

* Loans sourced from a bank are exempt from this rule. Investors are not required to show where a bank procured loaned funds.

Why are Loans for EB-5 Popular?

In 2022 the RIA raised the minimum investment amount for EB5 from $500,000 to $800,000. As a result, more people wanted to borrow money to finance their EB5 investor visa application.

I. Finding an E-2 or Eb-5 Visa Lender

There are generally four sources of E2 and Eb5 qualified loans: 1) private loans; 2) institutional loans, including bank loans; 3) loans from EB5 Regional Centers; and 4) seller financing available in both E2 and EB5 Direct cases.

(1) Private Loans

Many Eb5 investors borrow money or take gifts from family. A family member lending or gifting funds for an investor visa application will have to carefully document the lawful source of those funds.

Other private lenders commonly include friends and business associates.

(2) Institutional Loans

Investors can also borrow money from a bank or financial institution by using their home or assets as Collateral. HELOCs are an especially popular source of financing.

Careful attention needs to be paid to the loan documentation. The purpose clause in a loan agreement needs to be carefully reviewed. A purpose clause that does not permit borrowing for EB5 purposes will likely result in a visa denial.

(3) Regional Center EB-5 Loans

More recently a number of Regional Centers have started to finance Eb5 transactions.

Caution needs to be taken when borrowing funds from a Regional Center. While some Regional Center loan programs do qualify for EB-5 purposes the status of some other EB5 loan programs is currently undetermined.

(4) Seller Financing

Direct EB5 investors and E-2 investors can often purchase an existing business using seller financing.

A potential issue with seller financing is whether or not the investor is “at risk”. In assessing whether or not an E-2 investor is at risk the US government applies a proportionality test. Using this proportionality test the US government evaluates the overall cost of the business against the investment made.

Caution needs to be taken to ensure that the seller financing is not secured by the subject business or the assets comprising that business. As stated in the Foreign Affairs Manual:

“Indebtedness such as mortgage debt or commercial loans secured by the assets of the enterprise cannot count toward the investment, as there is no requisite element of risk. For example, if the business in which the applicant is investing is used as collateral, funds from the resulting loan or mortgage are not at risk, even if some personal assets are also used as collateral.”

II. Secured or Unsecured EB5 Loan?

All loans are either secured by Collateral or unsecured. The investor needs to secure a secured loan with their personal property (Collateral). An unsecured loan does not require any Collateral.

Most investor visa lenders require Collateral to secure loans used for EB5 funding, unsecured loans are hard to find. If unsecured loans are available they are likely to have a much higher interest rate or other charges than a secured loan,

What is Collateral for a Loan?

“Collateral” refers to the assets used to secure a secured loan. If the borrower does not repay the loan as agreed, the lender will sell the Collateral to pay the loan.

EB-5 Visa Loan Requirements and E2 Visa Secured Loan Requirements

There are several requirements for a secured loan to be qualified as EB-5 investment funds. These requirements include:

  • The loan must be secured by the investor’s assets or property. The EB5 investor can only use personal property (Collateral) they own to secure an EB5 loan. EB5 qualifying personal property (Collateral) can include: Stocks and other securities, gold and jewelry, real estate and other assets.

  • Source of Funds for Collateral. An EB5 investor must prove how the Collateral securing an EB5 Loan was purchased. The Eb5 investor must also prove how the funds used to purchase the Collateral were lawfully earned.

  • Value of Collateral. The value of the investor’s Collateral must be equal to or more than the loan amount.

  • Perfection of Security Interest and Mortgages. The lender’s security interest in the Collateral must be perfected. In simple language that means that the mortgage or other loan used to secure real estate must be properly registered as required by law.

  • The investor must be the principal borrower of the loan and must be fully responsible for its repayment. The loan must be under the investor’s name and they must be solely liable for its repayment.

  • Investor is “At Risk”. An investor places their personal assets “at risk” as Collateral in a secured EB5 loan or E2 loan. The investor clearly meets the “at risk” requirement.

  • Purposes of Loan. For the EB5 visa program the capital investment funded by the EB5 loan must placed “at risk” and create ten jobs. Investors accomplish this by investing the loan proceeds in an EB-5 project.

Acceptable kinds of collateral for an EB-5 Visa loan

USCIS allows EB-5 investors to use any form of collateral to secure their loan as long as the loan is secured by the investor’s assets. Property holdings, gold, real estate, cash, and equipment are some examples of acceptable kinds of personal assets that investors can use as collaterals.

Eb5 projects require an investment of USD 800,000 or USD 1,050,00 and must generate at least 10 new direct and indirect jobs.

Land-Based Loan Transactions

If you are going to use a bank loan secured by land, you will need to provide copies of all relevant loan documents. This documentation includes the full purchase documentation for the land including an explanation of how funds to purchase the land were earned. Investors should also be willing to explain how payments were made on any mortgage used to acquire the property.

The loan must also comply with the laws of the country where the land is located.

Mortgages and Remortgages

Investors may also remortgage or refinance using a mortgage with a fixed or variable interest rate. A bank can quickly determine if a house or a condominium is qualified for a cash-out refinance. The loan can be quickly arranged with the proceeds reaching the investor’s account within 45 days, subject to the appraisal and the lending review processes.

E2 Visa and EB-5 Visa Unsecured Loan Advantages

An unsecured loan has a few advantages:

  • No Source of Funds. A loan from a recognized financial institution has no source of funds requirement. As an unsecured loan has no Collateral there no requirement to trace the funds used to purchase Collateral. An unsecured loan which is not from a recognized financial institution will require proof of how the lender earned the funds to make the loan.

  • Assets not at Risk. Because the loan is unsecured the investor’s assets are not immediately placed at risk in the event the loan is not re-paid.

  • Investor is “At Risk” for EB5 Purposes. USCIS traditionally took the view that investors using unsecured loans to finance EB5 investments were not “at risk” as required by EB5 law. As a result of a court case decided in October 2020 the position has changed. Unsecured loans can now be used to finance EB5 investments. As the court decision is fairly recent there is little data on how the USCIS is deciding cases where foreign investors are relying on unsecured loans.

III. EB-5 Visa Loan Repayment Terms

Loan Interest Rate

Loan interest is the amount that a lender charges to a borrower for lending the borrower the money. To calculate loan interest, multiply the interest rate by the outstanding loan balance. Market conditions and credit standards determine interest rates for EB5 Visa loans.

A wide variety of loan products on the market that meet EB5 needs. These can include 30 and 15 year fixed repayment terms using various fixed and adjustable interest rates.

At the time of writing, an investor can borrow $800,000 at a 5% interest rate by using a $1 million home as collateral. You can then apply the USD 800,000 loan proceeds towards the required EB-5 investment and the associated fees.

Other Fees

In addition to the interest cost some loans may entail other costs. These costs may include arrangement fees and pre-payment penalties.

Lending Rates from Financial Institutions

There are a lot of factors that can affect lending rates. These factors can include a client’s banking relationship and the liquidity and risk level of the asset among others. The lending rate can depend also on a bank’s own cost of capital or external factors outside its control.

While applicants may want to pay off their loan as quickly as possible to reduce the interest cost caution may be prudent.

The reason for this is USCIS may ask to see proof that the loan is still outstanding at the time the I526 is adjudicated. If the loan has been paid off USCIS may then ask for proof of how the funds used to pay off the loan were earned. This may raise complications concerning the source of funds at the time the case was originally filed.

Credit Cards

Investors from some countries where currency control measure are in place may find the use of credit cards an Eb5 funding option.

Short-Term Loans

USCIS has not stipulated any repayment requirements for short-term loans. It is however advisable to repay loans only following the approval of your I-526 petition.

If you intend to use a loan for your EB5 funding, you will need to produce documents confirming the lawful source of the lender’s funds and the lawful source of the assets used as collateral for the loan.

Long-Term Loans

Just like in short-term loans, the USCIS has not issued requirements for repaying long-term loans. There’s no indication that longer-term loans will cause your investment to lose its status as an “at-risk” investment. The EB-5 investor program requires investors to place their investment “at risk” for a period of two years. law Capital can neither be managed or governed by redemption agreements insuring loss nor by contractual promises to repay funds. For capital to be “at risk”, there must be a chance that it will be lost.

IV. Loan Documentation in Investor Visa Cases

A loan taken to fund an E2 or EB5 investor visa case will have certain documentation. The US Government, USCIS and the US State Department will all want to see:

– The Loan Agreement,

– A Promissory Note (sometimes combined with the Loan Agreement into a single document)

– A Security Agreement which secures the loan with the Collateral (for secured loans only).

An immigration lawyer should carefully review the loan documentation to ensure that all of the terms and conditions are consistent with the EB5 program.

V. How to Negotiate Eb5 Financing: Key Terms to Watch for in an Eb5 Loan

Eb5 investors would be well advised to retain an experienced lending lawyer to review loan documentation. Key issues to look at in the loan documents include but are not limited to:

  • Whether or not there is an early repayment penalty.

  • Purpose clause. Make sure that the loan agreement has a purpose clause that includes EB5 as a permissible use of the funds. A clause that states funds can be used “for any lawful purpose” is proper.

  • The amount and duration of the loan, and the procedure for disbursement.

  • How interest will be paid. Monthly, quarterly, or annual terms of the principal and accrued interest.

  • Full fees and costs, including any origination points or other fees.

  • Check that is it lawful to borrow money secured by local property and remit the proceeds of that loan to the United States for investor visa purposes.

VI. Special Considerations for Bangladeshi and Indian Eb5 Investors

  • Investors resident in India or investors using funds remitted from India will need to comply with the regulations promulgated but the Reserve Bank of Indian (“RBI”). Most investors accomplish this through the Limited Remittance Scheme (“LRS”).

  • It is improper for an investor resident in India to incur debt outside of India or to borrow money in India with the intention of remitting those funds outside of India.

  • Here at Davies & Associates, our pool of expert immigration attorneys can help you ensure that you comply with EB-5 Visa loan requirements and that you have the best chance of being granted an EB-5 Visa.


D&A at Vietnam expo April 2023

EB-5 & Global Immigration Expo in Vietnam: Insights on Expedited Options for Investors and Developers

EB5 Investors Magazine and Uglobal Immigration Magazine held an in-person EB-5 & Global Immigration Expo in Ho Chi Minh City, Vietnam, on April 4th and 5th. The event brought together migration agencies, immigration attorneys, global service providers, regional centers, project developers, and investors from all over the world to discuss the United States EB-5 Immigrant Investor program as well as a variety of global residency and citizenship programs.

Concurrent filing, adjudication trends, the E-2 road, and smart project selection are some of the expedited choices available to investors and developers.

Davies & Associates, an international immigration law practice, was one of the event’s sponsors. The firm’s founder and managing partner, Mark Davies, hosted a panel discussion on expedited options for investors and developers, concurrent filing, adjudication trends, the E2 road, and wise project selection. Alvin Wong of Manhattan Regional Center and Niral Patel of KLD LLP were among the panelists.

In addition to the panel discussion, Davies & Associates presented a business presentation with Zeenat Phophalia, an L1 lawyer from India, Matteo Tisato, an Italian Senior Immigration Analyst, Mark Agbuya, a Regional Operations Manager, Eric Dela Cruz, a corporate lawyer both from the Philippines, and Simon Nguyen, a lawyer and business development executive from Vietnam. The presentation highlighted Vietnam as one of the world’s major EB-5 markets, with the fastest growth rate of HNWIs.

The event provided an excellent opportunity for high-net-worth individuals, international migration agents, regional centers, project developers, immigration and securities attorneys, broker-dealers, and many other industries service providers to connect with EB5 and global industry influencers and expand their global business networks. Attendees were also able to learn from interactive educational panels and present their businesses to a large group of EB5 and worldwide stakeholders.

Vietnam’s GDP is predicted to rise to 5.5% in 2022, while the country’s UHNWI population increased by 320% between 2000 and 2016. As a result, Vietnam is the world’s second-largest EB-5 market, and the number of HNWIs in Vietnam is quickly increasing, with growth predicted to reach 170% by 2026, the highest pace in the world.

In conclusion, the EB-5 & Global Immigration Expo in Ho Chi Minh City, Vietnam, provided a valuable chance for industry participants to network, gain expertise, and present their firms to a global audience. Davies & Associates‘ involvement in the event demonstrates the firm’s dedication to meeting the global immigration needs of its clients while remaining at the forefront of the ever-changing RCBI market.

Looking for an US immigration lawyer? Request free consultation at Davies & Associates or find our closest location around the world.

This article has been written by Mark Agbuya, Operations Manager at Davies & Associates, Manila Office.


Us Immigration Attorney

Is EB5 going into retrogression?

The EB-5 visa category is subject to a quota system, which means that only a limited number of EB-5 visas are available each fiscal year. When the number of visa applications exceeds the available visa numbers, the visa category is said to be in retrogression, which means that the processing of certain applications will be delayed until more visas become available in the next fiscal year.

As of March 2023, the EB-5 visa category is not currently in retrogression. However, it is important to note that retrogression can occur at any time due to high demand or changes in government policies. In recent years, the EB-5 visa category has experienced periods of retrogression, particularly for applicants from China, due to high demand for visas.

It is recommended to consult with an immigration attorney or a reputable EB-5 regional center to stay informed about any potential changes or updates to the EB-5 visa category.

Check our EB5 visa program for more information:

https://www.usimmigrationadvisor.com/overview-of-eb-5-investor-visas.html


US Customs & Border Protection

Green Card Validity Extended for Conditional Permanent Residents with a Pending Form I-829 or I-1751

By Zeenat Phophalia

The United States Citizenship & Immigration Services announced on January 23 that it is extending the validity of Permanent Resident Cards (Green Cards) for 48 months beyond the card’s expiration date.  This applies to those individuals who have a properly filed and pending Form I-751 (Petition to Remove Conditions on Residence) or Form I-829 (Petition by Investor to Remove Conditions on Permanent Resident Status).

This extension change applied on January 11 for Form I-829 and took effect on January 25, for Form I-751 and has been made by USCIS to accommodate the increasing processing times of these cases.

USCIS has updated the language on Form I-751 and Form I-829 receipt notices to extend the validity of a Green Card to 48 months beyond expiry and will issue new receipt notices to eligible green card holders who previously received notices with an extension shorter than 48 months and whose cases are still pending. These receipt notices along with the expired Green card will serve as evidence of continued status while the I-751 or I-829 remains under processing.

Conditional permanent residents who plan to be outside of the United States for a year or more should apply for a reentry permit by filing Form I-131, Application for Travel Document, before leaving the United States.

Form I-829 relates to the EB5 Immigrant Investor Visa Program. The EB5 visa offers a route to a Green Card (US permanent residency) by investment. The minimum investment is $800,000, which must come from acceptable sources of funds and must create ten jobs. A qualifying family unit is permitted to apply together under a single investment.

Contact us for more information.


This article is published for clients, friends and other interested visitors for information purposes only. The contents of the article do not constitute legal advice and do not necessarily reflect the opinions of Davies & Associates or any of its attorneys, staff or clients. External links are not an endorsement of the content.


Investor Visa Application Price Increase

USCIS đã ban hành một mẫu đơn EB-5 mới dành riêng cho các Đương đơn EB5 theo chương trình Trung tâm Vùng – được gọi là Mẫu I-526E.

Sở Di trú & Nhập tịch Hoa Kỳ (USCIS) hôm nay đã ban hành mẫu đơn xin Thị thực Nhà đầu tư EB-5 mới dành cho các đương đơn đầu tư thuộc Trung tâm Vùng- Đơn xin nhập cư I-526E của Nhà đầu tư Trung tâm Vùng EB5.

Trước đây, đương đơn xin Thị thực EB-5 của Trung tâm Vùng và hình thức Trực tiếp đều sử dụng cùng một mẫu Đơn xin nhập cư I-526 đối với Doanh nhân nước ngoài. Dự kiến ​​sẽ sớm có một mẫu đơn EB-5 Trực tiếp được sửa đổi.

Đương đơn nên làm việc với luật sư di trú được cấp phép của Hoa Kỳ khi chuẩn bị hồ sơ EB-5. Luật sư di trú sẽ đảm bảo rằng bạn đang sử dụng đúng mẫu đơn yêu cầu và có thể hỗ trợ đánh giá các nguồn tiền có thể chấp nhận được cho chương trình EB5.

Điều này sẽ tránh bất kỳ sự chậm trễ không cần thiết hoặc từ chối nào do lỗi bất cẩn hoặc các nguồn đầu tư không thể chứng minh được. Tại Davies & Associates, chúng tôi đã giúp hàng trăm gia đình chuyển đến Hoa Kỳ thành công và không có khách hàng nào của chúng tôi bị từ chối Visa EB-5.

Mẫu đơn I-526E, tập trung vào Trung tâm Vùng EB-5, chắc chắn chứa các yêu cầu, thông tin bổ sung thêm về dự án Trung tâm Vùng đã chọn của đương đơn Visa EB-5. Ngoài ra còn có các câu hỏi bổ sung về nhà đầu tư, chẳng hạn như giá trị tài sản ròng của họ, có thể cũng sẽ xuất hiện trong bất kỳ mẫu đơn đăng ký EB-5 Trực tiếp mới nào.

Các nhà đầu tư đã nộp I-526 cho một dự án Trung tâm Vùng và đang chờ kết quả thì không cần thực hiện thêm hành động nào. USCIS không yêu cầu những người nộp đơn này phải nộp lại I-526E mà sẽ giải quyết trên cơ sở mẫu đơn I-526.

Tuy nhiên, bất kỳ đương đơn mới nào đều phải sử dụng biểu mẫu mới. Nếu không, đơn đăng ký sẽ bị từ chối. Trong trường hợp như vậy, đương đơn sẽ cần phải điền và nộp lại hồ sơ EB5, có nghĩa là mất vị trí ưu tiên của họ trong danh sách xử lý EB-5 tại thời điểm nhu cầu đang tăng nhanh chóng. Điều này có thể có tác động đặc biệt nghiêm trọng đến các nhà đầu tư từ các quốc gia có số lương đương đơn EB5 lớn. Chúng tôi khuyên bạn nên làm việc với một luật sư có kinh nghiệm để tránh những sai sót và chậm trễ không đáng có.

Chương trình Thị thực Nhà đầu tư Nhập cư EB-5 là chương trình nhận thường trú nhân Hoa Kỳ (Thẻ xanh) theo diện Đầu tư. Yêu cầu đầu tư tối thiểu là 800.000 đô la và mức đầu tư phải tạo ra mười việc làm. Mỗi thành viên của một đơn vị gia đình đủ điều kiện có thể có được thường trú nhân thông qua một khoản đầu tư duy nhất, nhưng cha mẹ nên lập kế hoạch thận trọng để con cái của họ tránh “quá tuổi”.


Investor Visa Application Price Increase

USCIS Changes EB-5 Investor Visa Application Form for Regional Center Applicants

USCIS has introduced a new EB-5 application form specifically for EB-5 Regional Center Applicants – henceforth to be known as Form I-526E.

The US Citizenship & Immigration Services (USCIS) today issued a new EB-5 Investor Visa application form for Regional Center applicants – the I-526E Immigrant Petition by Regional Center Investor. Until now, both Regional Center and Direct EB-5 Visa applicants used the same form I-526 Immigrant Petition by Alien Entrepreneur. A revised Direct EB-5 application form is expected soon.

Applicants are advised to work with a licensed US attorney when preparing an EB-5 application. The attorney will ensure that you are using the correct form and can assist with documenting acceptable sources of funds. This will avoid any necessary delays or denials caused by administrative errors or inadmissible Sources of Funds. At Davies & Associates we have helped hundreds of families successfully move to the United States, and no client who has followed our advice has been denied an EB-5 Visa.

The I-526E, being focused on Regional Center EB-5, inevitably contains sections requiring more information of an EB-5 Visa applicant’s chosen Regional Center project. There are also additional questions about the investor, for example their net worth, that will likely also feature in any new Direct EB-5 application form.

Investors who have already submitted an I-526 for a Regional Center project and are awaiting adjudication need take no further action. USCIS does not require these applicants to re-submit an I-526E, but rather will adjudicate on the basis of an I-526.

However, any new applicants must use the new form. Failure to do so will result in the application being rejected. In such an instance, the applicant would need to refile, which means losing their position in the EB-5 processing queue at a time when demand is rising quickly. This can have a particularly serious impact on investors from countries in or near retrogression. We advise you to work with an experienced attorney to avoid unnecessary mistakes and delays.

The EB-5 Immigrant Investor Visa Program is US permanent residency (Green Card) by Investment. The minimum investment requirement is $800,000 and this must create ten jobs. Each member of a qualifying family unit can obtain permanent residency through a single investment, but parents should plan carefully to avoid their children “ageing out” and requiring their own separate application.

Read more about EB-5 Visas.


This article is published for clients, friends and other interested visitors for information purposes only. The contents of the article do not constitute legal advice and do not necessarily reflect the opinions of Davies & Associates or any of its attorneys, staff or clients. External links are not an endorsement of the content.