USIF aims to help 250 Indian investors immigrate to the United States through the EB-5 program by raising USD 125 million in foreign investment from India over the next 15 months.
US Immigration Fund (USIF), an American foreign direct investment firm in the business of raising EB-5 capital, has said they aim to help 250 Indian investors immigrate to the United States through the EB-5 program by raising USD 125 million in foreign investment from India over the next 15 months. Funds raised from investors will be deployed in various current and upcoming commercial and residential real estate projects by leading developers and backed by prominent senior lenders. The company, in association with education firm The Chopras Group, said the capital is being raised for investments in key real estate projects across the United States as part of the EB-5 visa program which facilitates foreign investors to obtain a US visa for them and their family. The EB-5 Program was created by the US Congress in 1990 to enable high net worth Foreign Investors to obtain a US visa for themselves and their immediate family by investing a minimum of USD 500,000 in a US business that will benefit the economy and create 10 jobs for American workers. As per data available from the Department of State and USICS, while 65,992 I-526 approvals were received for the period 1991-2016, more than 60 percent of approvals have come since 2014. Previous USIF projects have been backed by major financial institutions including Blackrock, Wells Fargo and JP Morgan. USIF and The Chopras expect to secure 200 investors through 2018 having seen significant demand since the launch of the partnership in late September 2017. USIF has been actively working in the market since the beginning of 2017 and expects to raise USD 50 million by year-end. EB-5 visas for Indians have steadily increased over the last few years with 76 Indian EB-5 visas issued in 2012 to 149 visas issued in 2016. “Our partnership with the Chopras has allowed us to grow exponentially over the last six weeks and gives us the confidence to move forward and set clear milestones for ourselves for the next 12-15 months. Our intent is to gain majority market share in EB-5 capital raised from India and we strongly believe this can be accomplished as the market is expected to grow significantly. The Chopras’ credibility is an asset for us and truly provides assurances and comfort to our EB-5 investor families as they embark on what could otherwise be a very complex and difficult journey. The Chopras’ impeccable reputation, breadth and depth of service offerings, and longstanding history throughout India will allow us to reach families across the country enabling us to better assist them with immigration aspirations for themselves and their children,” said Nicholas A Mastroianni II, Chairman and CEO of US Immigration Fund. The Chopras have supported USIF in building a large platform for EB-5 and establishing a dedicated infrastructure for the offering across all their 26 offices in major cities including Delhi, Mumbai, Bangalore, Hyderabad and Ludhiana. These operations will include investor relations and backend operations to support and educate investors through the entire EB-5 process. To date, investor interest and investment has primarily come from Delhi and Mumbai. However, following direct outreach and investor education programs undertaken by The Chopras and USIF, strong interest from regions like Punjab, Bengaluru, Pune and Hyderabad has surfaced.
Nov 07 NEW DELHI: US Immigration Fund has tied up with education firm The Chopras group to promote EB-5 visa in India and aims to raise USD 125 million by next year from 250 Indian investors who want to immigrate to the United States through this route. US Immigration Fund (USIF) is America's leading EB-5 regional center operator. It is in the business of raising EB-5 capital for investment in the US real estate market. The EB-5 program, launched by the US government in 1990, enables high net worth foreign investors to obtain a US visa for themselves and their family by investing a minimum of USD 5,00,000 in a US business that helps create 10 jobs for American workers. USIF today said this program enables US residency for the investor, spouse and children under 21, as well as a full return of their investment. "We have partnered The Chopras group to help Indian investors immigrate through EB-5 route," USIF Director Business Development -India Andrews R Graves told reporters here today. USIF is targeting to raise USD 125 million from 250 Indian investors through this route, he said, adding that EB-5 visas have steadily increased over the last few years with 149 visas issued to Indians in 2016. Graves said investments are safe as funds are deployed in commercial and housing projects of leading developers and backed by prominent senior lenders. Asked about the return on investment, The Chopras group managing partner San Chopra said the Indian investors can expect a return of 2.5-3 per cent annually. However, he said: "Investors under this program put money not for interest but to become eligible for green card." An investor can expect to get a green card in 4-5 years, Chopra said, adding that investors should look at this route considering difficulties in getting H-1B visa. The US has tightened the norms for issuing the H-1B and L1 visas in line with the Trump administration's goal to protect American workers from discrimination and replacement by foreign labor. The Chopras group is supporting USIF in building a large platform for EB-5 and established a dedicated infrastructure for the offering across major cities. "The EB-5 program has helped tens of thousands of families across the world successfully migrate to the US," said Nicholas Mastroianni III, President, USIF. USIF has so far raised USD 3 billion through this route from across the world since it began operations in 2009. The Chopras group is a leading education group whose origins are in higher education, career management and student recruitment globally.

15 December 2016  The Sanya EDITION celebrated its official launch earlier with a glamorous opening party. Over 200 socialites, celebrities and international media attended the grand opening...