US EB-5 program's independent route for Hongkongers – New Biden administration makes immigration reform its top priority

February, 10/2021 - 10:40
US EB-5 program's independent route for Hongkongers – New Biden administration makes immigration reform its top priority

HONG KONG SAR - Media OutReach - 10 February 2021 - During the first week of hispresidency, President Biden has executed six immigration-related executiveorders, including rescinding the Muslim ban, restoring the Deferred Action forChildhood Arrivals (DACA) program and halting construction of a U.S.-Mexicoborder wall. This marks a return to policy where immigrants are welcomed andvalued for their contributions to the economy and society.


Even though the Biden administration'sproposed immigration reform bill, The U.S. Citizenship Act of 2021, doesn'tmention EB-5 specifically, the program and EB-5 investors do stand to benefit from some of the measures in theproposed bill, which favor economic growth and employment-based visa categoriesincluding EB-5. These measures aim to clear employment-based visa backlogs, recaptureunused visas, and reduce lengthy wait/processing times.


Over the past 20 years, the EB-5 program has been a very popular pathway amongChinese communities to obtain green cards by investing in the U.S. Thepopularity has created a more than 10-year wait time for mainland-born investors. Hongkongers, on the other hand, stillenjoy a separate immigration line from the mainland investor without the longwait, making EB-5 an attractive option.  


With a minimum investment of US$900,000, theEB-5 program appeals to high net-worth individuals aiming to obtain permanentresident status in the U.S. While the Trump administration cracked down onimmigration, experts anticipate positive impact on the program with the new Bidenadministration in charge and President Biden has already pledged to undo manyof Trump's anti-immigration policies.

 

The EB-5 visaprogram grants investors the opportunity to live and work anywhere in the U.S.and allows investors to return to their country of origin for personal or businesspurposes if they maintain U.S. residency. For families looking to educate theirchildren in the U.S., there are even admission advantages and reduced tuitioncosts available. "CanAm has always applied the investor-first mindset when managingour investors' immigration and investment capital," said Mr. Tom Rosenfeld, Presidentand CEO of CanAm Enterprises. "We look forward to seeing the Bidenadministration bringing more positive changes to the program, and CanAm willcontinue to provide qualifying projects and top-notch services to our investorsglobally." 

 

CanAmhas 30 years of experience exclusively promoting and administeringimmigration-linked investment funds with a proven track record in assisting investorsachieve their immigration and investment goals. Having raised more than US$3 billion of EB-5 capital for 60 projects, CanAm leads the EB-5 industryin capital repaid to investors. As of December 2020, more than $1.75billion in EB-5 capital from 45 completed CanAm projects has been successfully repaidto 3,500 investors -- representing their full loan amounts. Over 2,300 investorfamilies have already achieved their permanent resident status in theU.S. through CanAm's EB-5 projects with 7,200+ permanent green card issuedto CanAm's Investors and their families. 

 

CanAm believes that trust isborn out of transparency and provides a fully audited immigration andinvestment track record to our partners and investors. It is one of the first EB-5Regional Centers to establish its own FINRA-registeredBroker-Dealer to ensure full regulatory compliance. A third-partyescrow bank is also set up for each investment project to safeguard theinvestment funds. Headquarteredin Manhattan, New York, CanAm has local representatives in Beijing, Shanghai,New Delhi, Ho Chi Minh City, Singapore, Hong Kong and Dubai. 

 

"Despite the turmoil in theprevious years, the U.S. remains one of the top migration destinations forHongkongers. Key appealing factors are the comparable salary packages, livingstandard and quality of education. Yet it is crucial to choose a credibleRegional Center with sound repayment track record to partner with, and it isexactly why we choose to represent CanAm for our local clients," said BelindaChan, Managing Partner of CCGi, local partner of Global Migration Solutions andCanAm Enterprises in Hong Kong.

 

CanAmhelps Hongkongers achieve their path to citizenship by offering a "fullservice" support and management role in going through EB-5's six step process,with the track record, financial infrastructure and legal expertise to offer fullregulatory compliance and investment security. CanAm is uniquely positioned asa bridge between qualifying projects and accredited investors, and with aresponsibility to both, investors trust that CanAm is also invested in thesuccess of every investment. The process will takeapproximately 24 months for a conditional Green Card, and another 21 to 45months for a permanent green card.

 

Upcoming FREE webinar on latest EB-5 program updates:

Date:               26thFebruary 2021 (Friday)

Time:              7pmHKT

Platform:        Live on Zoom

To register, please sign up with this link: https://bit.ly/3cSOLqm


About CanAm Enterprises

With three decades of experience promotingimmigration-linked investments in the United States and Canada, CanAm has along and established track record. Basing its business on a reputation ofcredibility and trust, CanAm has financed 60 projects and raised nearly $3billion in EB-5 investments. More than $1.4 billion in EB-5 capital from over2,800 families has been repaid by CanAm's 42 projects to date. CanAmexclusively operates seven USCIS-designated regional centers that are in thecity of Philadelphia, the Commonwealth of Pennsylvania, the metropolitanregions of New York & New Jersey, the states of California, Hawaii,Florida, and Texas. For more information, please visit www.CanAmenterprises.com.

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