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HONG KONG SAR – Media OutReach – 10 February 2021 – During the first week of his
presidency, President Biden has executed six immigration-related executive
orders, including rescinding the Muslim ban, restoring the Deferred Action for
Childhood Arrivals (DACA) program and halting construction of a U.S.-Mexico
border wall. This marks a return to policy where immigrants are welcomed and
valued for their contributions to the economy and society.
Even though the Biden administration’s
proposed immigration reform bill, The U.S. Citizenship Act of 2021, doesn’t
mention EB-5 specifically, the program and EB-5 investors do stand to benefit from some of the measures in the
proposed bill, which favor economic growth and employment-based visa categories
including EB-5. These measures aim to clear employment-based visa backlogs, recapture
unused visas, and reduce lengthy wait/processing times.
Over the past 20 years, the EB-5 program has been a very popular pathway among
Chinese communities to obtain green cards by investing in the U.S. The
popularity has created a more than 10-year wait time for mainland-born investors.
Hongkongers, on the other hand, still
enjoy a separate immigration line from the mainland investor without the long
wait, making EB-5 an attractive option.
With a minimum investment of US$900,000, the
EB-5 program appeals to high net-worth individuals aiming to obtain permanent
resident status in the U.S. While the Trump administration cracked down on
immigration, experts anticipate positive impact on the program with the new Biden
administration in charge and President Biden has already pledged to undo many
of Trump’s anti-immigration policies.
The EB-5 visa
program 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 business
purposes if they maintain U.S. residency. For families looking to educate their
children in the U.S., there are even admission advantages and reduced tuition
costs available. “CanAm has always applied the investor-first mindset when managing
our investors’ immigration and investment capital,” said Mr. Tom Rosenfeld, President
and CEO of CanAm Enterprises. “We look forward to seeing the Biden
administration bringing more positive changes to the program, and CanAm will
continue to provide qualifying projects and top-notch services to our investors
globally.”
CanAm
has 30 years of experience exclusively promoting and administering
immigration-linked investment funds with a proven track record in assisting investors
achieve their immigration and investment goals. Having raised more than US
$3 billion of EB-5 capital for 60 projects, CanAm leads the EB-5 industry
in capital repaid to investors. As of December 2020, more than $1.75
billion in EB-5 capital from 45 completed CanAm projects has been successfully repaid
to 3,500 investors — representing their full loan amounts. Over 2,300 investor
families have already achieved their permanent resident status in the
U.S. through CanAm’s EB-5 projects with 7,200+ permanent green card issued
to CanAm’s Investors and their families.
CanAm believes that trust is
born out of transparency and provides a fully audited immigration and
investment track record to our partners and investors. It is one of the first EB-5
Regional Centers to establish its own FINRA-registered
Broker-Dealer to ensure full regulatory compliance. A third-party
escrow bank is also set up for each investment project to safeguard the
investment funds. Headquartered
in 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 the
previous years, the U.S. remains one of the top migration destinations for
Hongkongers. Key appealing factors are the comparable salary packages, living
standard and quality of education. Yet it is crucial to choose a credible
Regional Center with sound repayment track record to partner with, and it is
exactly why we choose to represent CanAm for our local clients,” said Belinda
Chan, Managing Partner of CCGi, local partner of Global Migration Solutions and
CanAm Enterprises in Hong Kong.
CanAm
helps Hongkongers achieve their path to citizenship by offering a “full
service” support and management role in going through EB-5’s six step process,
with the track record, financial infrastructure and legal expertise to offer full
regulatory compliance and investment security. CanAm is uniquely positioned as
a bridge between qualifying projects and accredited investors, and with a
responsibility to both, investors trust that CanAm is also invested in the
success of every investment. The process will take
approximately 24 months for a conditional Green Card, and another 21 to 45
months for a permanent green card.
Upcoming FREE webinar on latest EB-5 program updates:
Date:
26th
February 2021 (Friday)
Time:
7pm
HKT
Platform:
Live on Zoom
To register, please sign up with this link: https://bit.ly/3cSOLqm
About CanAm Enterprises
With three decades of experience promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record. Basing its business on a reputation of credibility and trust, CanAm has financed 60 projects and raised nearly $3 billion in EB-5 investments. More than $1.4 billion in EB-5 capital from over 2,800 families has been repaid by CanAm’s 42 projects to date. CanAm exclusively operates seven USCIS-designated regional centers that are in the city of Philadelphia, the Commonwealth of Pennsylvania, the metropolitan regions 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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