Increase in Affluent Mexicans Immigrating to the USA
According to a recent story in Mexico City’s daily newspaper “Reforma”, The Texas cities of Mission and El Paso are experiencing a population and business boom, as many Mexicans flee violence in the border states of Nuevo Leon, Tamaulipas, and Chihuahua.
The newspaper reports that many of the newcomers arrive with investor visas, which the United States provides to persons who bring job-creating investments with them.
An increasing number of Mexicans are focusing on the EB-5 regional center immigrant investor visa, which, for a $500,000 investment in a regional center program that has been approved by the United States Citizenship and Immigration service (USCIS), allows permanent residency anywhere in the USA for the applicant, their spouse and their unmarried children under 21.
The boom in El Paso, according to the story, can be seen in the growth of the year-old Network of Mexican Businessmen Living in El Paso, which has seen its membership grow to 235 because of the flight from the neighboring Mexican city of Juarez.
“Juarez is no-man’s land,” the organization’s president told the newspaper. The network’s members include restaurateurs, accountants, and professionals in real estate and finance.
The USA may have its problems but these tend to be political and economic as opposed to the persistent violence that seems to have become more and more prevalent in parts of Mexico.
For many Mexicans applying for permanent residency in the USA, confidentiality is all important. The level of violent crime in Mexico is a major concern and it is critical that their plans are kept secret to avoid any problems before they leave Mexico.
Reposted from Which EB-5 Blog.
Green Card Fund Hosts EB-5 Seminar in Chennai, India
The Madras Chamber of Commerce and Industry organized a seminar on securing a US green card on Friday.
The seminar briefed on the procedures to secure a green card in the US via EB-5 programme of the US Congress established with a view to encourage foreign investment to create jobs. Co-founder of the Green Card Fund Gregory Wing and managing director Satish Kholay delivered the lectures.
"When considering foreign investment the project risks are analyzed using the concept of the 5 C's of credit analysis." said Gregory Wing. This involved analyzing the investor's [project's] character and competence management, conditions (industry, economic, local, and market demand), cash flows, capital (promoters) anc collateral issues (investment ratios and security). If these conditions are satisfactory, the investment is selected and processed. The investment process involves accredited investor questioning and reviewing project documents. Once the whole process is complete the investor obtains a green card, he said.
