♦EB – 5 is an investment fund not a lottery . It was introduced 28 years ago by the United States Congress and has since enabled a large number of families to live the American dream by granting them permanent residency through investments made in “trophy” new commercial real estate investments.
♦The requirements for the investment is $500,000 as stated by the law and the investor must not have a criminal record.
♦Investors get their money back with profit made through capital gains, along with a 2% annual interest rate paid to the applicant each year (equal to $10,00 per year), when the diversified properties held in each “fund” are liquidated (sold).
By Franklin Alli
“TO date, it has helped over 600 families from Nigeria, Malawi, Indonesia and China with their EB-5 immigration process, completed successfully 29 projects, invested more than $300 Million ($USD), and has a 100% approval rate on applicant I-526 and I-829 project immigration approvals.”
Daniel Ryan, Managing Director, Emerging Markets Atlantic American Partners , told Nigerian journalist in Lagos ,yesterday.
During a business meeting to attract investors from Nigeria, Ryan explained in great detail the EB-5 investor visa program, along with its remarkable benefits.
“It is a convenient means to help potential investors in Nigeria to secure a hassle-free immigration process to live, work, and attend school in the U.S., while also getting a reasonable return on their initial investment,” he said.
“The EB-5 visa creates opportunity for foreign investors to invest in the United States and become legal permanent residents in America with a green card, along with several other benefits including the ability to travel to one’s homeland from the United States without a visa, ability to sponsor family members for a green card after becoming a citizen, access to low or no cost- high-quality primary and secondary public education; and thereafter public or private colleges and universities for participants and their children (21 years old and under, unmarried) at the same cost as US citizens.
“Down the road, if the applicant desires, they can apply for US Citizenship and sponsor other family members to move to and live in America,” Ryan stated
“It is important to note that “dual citizenship” between USA and Nigeria is available, adding another tangible benefit to invest in this program.
The EB-5 program requires each EB-5 investor to invest $500, 000 in the United States with projects that Atlantic American Partners oversees as “trustee”that will yield at least 10 permanent jobs, per applicant, for United States citizens.”
AAP partners with the highest quality property developers in the US. Annually, AAP reviews over 300 investment request submittals from high-quality property developers, and chooses only 3-4 per year, due to strict underwriting criteria and conservative financial strategic investing.
He explained that acquiring the green card under the EB-5 investment program is a two part process, with the first step referred to as the “I-526” which is taking about 18-24 months at present for approval; after the $500,000 investment has been made, along with a $45,000 administrative fee payable to
AAP which covers the cost to provide audited financial statements and all administrative needs for the investor throughout the entire EB-5 process, including quarterly newsletter updates.
In addition, AAP will assist the applicant in hiring a top-notch international immigration EB-5 law firm, based in USA, that is familiar with African culture and provides excellent legal consultation and processing of the actual USCIS application documentation.
The immigration attorney will assist in filing the paperwork in this first step in the process, referred to as the “I-526”.
“Following approval, a conditional green card is then issued, which provides the full benefits of an actual green card, pending in due time the job creation requirement is proven.
“After 21 months from I-526 approval, the investor with the guidance by AAP and the immigration attorney can file for the second part of the application process referred to as the “1-829.
“Once the 1-829 application is approved, the conditional green card would then be converted into a permanent green card” he said.
Photo caption : From Left : Group Managing Director, CMC Connect Ltd (Perception Managers) Yomi Badejo-Okusanya and Managing Director, Emerging Markets, Atlantic American Partners, Daniel Ryan during Atlantic American Partners business meeting in Lagos.