5 VALUABLE TIPS FOR FIRMS THAT ARE LOOKING FOR EB-5 FUNDING
An EB-5 is almost the same as having a Green Card, which allows and enables the investors and his or her family to study, live or work anywhere in the United States. This program benefits foreigners to live a part of American life by stimulating the US economy through job creation. It is an excellent way to obtain permanent residence in the United States. There are various other immigrant visa options but in the EB-5 Fund program, it does not need U.S employer to act as a sponsor, nor any sort of skills and experience. This program is not limited to foreign nationals.
One should choose this program as it has no backlog of visa applications; no necessary requirements for residency in the U.S do not require families to be fluent in English and allows flexible travel arrangements for outside the US.
EB-5 funding has expanded amongst the American business in the past couple of years, which allows gaining supplemental financing.
There are hundreds of projects of EB-5, which give a clear view that the competition out there is fierce. In order to stand out from the rest and reach out to potential investors, one has to create marketing campaigns, which can help in addressing concerns that can measure security and establish trust. It is important to do a research about the people investing in your firm. This is done in order to know how you can win them over. Only then, one can build the required marketing plans.
This is a very important factor in the EB-5 fund for businesses. Trust is very important and transparency should be maintained in order to reduce any possible risks. This helps in securing your EB-5 investors.
- Hire a Firm:
It is very difficult if a business is new to EB-5 Program, as it takes time to reach out to potential investors if one does not reach out to an investment immigration firm. It is advisable to seek out professionals to avail their help in developing required strategies and to be able to identify the right investments and make connections.
- Apply for Exemplary Status:
The best way to gain exemplary status from the US Citizenship and Immigration Services (USCIS) is by speeding up the application process to stand out from other competitors. This will ensure an approval from the USCIS if you have an exemplary status and your project will be pre-approved by them, which is necessarily what investors look for. However, the process can be lengthy, that is, it can take around two years for the process to be completed.
- Consider a Regional Center:
A regional center designated by the USCIS to organize can sponsor capital investment projects by EB-5 investors for the investment. It has been seen that EB-5 is succeeded in both ways that are carried out as their own project, and by having the projects hosted by the regional centers. There are many benefits of licensing a regional outpost as it helps investors as well as the project developers to make it easier for them to meet with job qualifications. If one chooses wisely, then having a regional center to sell your projects will build up a reputation in front of potential investors. If this is your first time working on the EB-5 project, then this is considered to be the better option. The more the number of jobs you host, the more the number of investors can reach out and enjoy the better opportunity for satisfying job demands.
The above-mentioned are a few of the essential tips that are important for new business going for EB-5 Fund.