CHINESE 'SMART MONEY' INVESTORS & ENTREPRENEURS
ARE LOOKING FOR SAFE & SOUND INVESTMENTS TO GROW THEIR GLOBAL REACH
EB-5 & L-1 VISAS ARE YOUR HIDDEN FUNDING OPPORTUNITIES
Let 'Teach Me China' Walk You Through This Legal Immigration Opportunity
And Show You How To Maximize Your Revenues &Company Growth
EB-5 & L-1 INTERNATIONAL INVESTMENTS:The Law Firm of Michael R. Polin has been involved with various corporate financing arrangements throughout the years and believes the EB-5 and L-1 visas are two excellent methods for quicker capital raises utilizing foreign investments.
What are the United States rules and most common questions? Here are the basics to understand: • When and for whom was the EB-5 visa program created for? The EB-5 visa program commenced in 1990 under section 203 (b) (5) of the Immigration and Nationality Act (INA). The program was created for qualified non-US citizens seeking permanent resident status on the basis of their investments in the American economy. • Basic requirements to meet? For the programs that Polin Law Firm focuses on, direct investments as compared to regional centers, the basic requirements are: a minimum investment of $1,000,000 to the U.S. Company, U.S. Company directly employs 10 Americans per each $1,000,000 investment, staggered over 24 months, and all rules of the U.S. Government are complied with. • How many EB-5 & L-1 visas may be issued per year? There are 10,000 EB-5 visas available to qualified applicants each year and no limit on L-1 visas. • Who may obtain an EB-5 visa? Any person who can demonstrate the ability to invest the required amount into the American economy, can document that the capital was legally earned, and satisfies general eligibility requirements (e.g., medical, non-criminal) is qualified to apply. The investor’s spouse and any minor children (under 21) also qualify. The age of the minor children is “frozen” at the time of the application so, for example, a 20-year old dependent is not in danger of “aging out” during the process. • Who may obtain an L-1 visa? L-1 visas are available to employees of an international company with offices in both the United States and abroad. The visa allows such foreign workers to relocate to the corporation's US office after having worked abroad for the company for at least one continuous year within the previous three prior to admission in the US. The US and non-US employers must be related in one of four ways: parent and subsidiary; branch and headquarters; sister companies owned by a mutual parent; or 'affiliates' owned by the same or people in approximately the same percentages. The L-1 classification also enables a foreign company which does not yet have an affiliated U.S. office to send an employee to the United States to help establish one, with additional requirements. • What is the minimum investment required?
An investment of at least $1,000,000 is required for an EB-5 visa unless the investment is made in a targeted employment area (usually USCIS-designated Regional Centers encompass targeted employment areas), then the minimum requirement is $500,000. • Analysis and process of EB-5? In the application process there are certain procedural and legal aspects that must be complied with from the Polin law firm perspective, and the U.S. Government, which will include complete due diligence of the American company’s business plan with a focus on: 1. The Overall Business Plan 2. Percentage of asset valuation increase with investment 3. Percentage of new employees to existing whole 4. Operational Plan 5. Geographic Region 6. Use of Proceeds 7. Hiring plan for 10 new hired Americans per investor 8. Employment guarantees, warranties, and an e-verify commitment 9. Construction, real estate, personal services analysis 10. Business feasibility 11. Return on investment 12. Risk component to investor 13. Chinese perspectives and understandings The Law Firm of Michael R. Polin offers seminars on the EB-5 and L-1 visa opportunities under the “TEACH ME CHINA” brand and welcomes interested parties to inquire and attend these educational seminars. If you would like more information on whether your company might qualify for the EB-5 or L-1 visa programs, please contact the Law Firm of Michael R. Polin to schedule an appointment for a professional review of your business plan. |
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