Contact Communication Partner:
Rules limiting immigration expected to be lifted
with Biden as new President of the US
Also: Interview invitation with Angelique Brunner, CEO and Founder
of EB5 Capital, who recently moved to London
BRUSSELS, 11 January 2021 – EB5 Capital, one of the oldest operating Regional Centers in the EB-5 industry in the United States, has noticed that some investors were waiting for the outcome of the U.S. elections to see whether they can and want to move or not. Immigration is a heavily discussed topic in the United States of America and both political parties have a totally different view on it. With Joe Biden as the new President of the United States of America, EB5 Capital expects the rules limiting immigration to be lifted.
As EB5 Capital raises money from investors overseas within the EB-5 Immigrant Investor Visa Program, the election of Biden as President of the United States of America will have an impact on their activities. During these past four years, the Trump Administration rolled out some of the most restrictive immigration actions the U.S. has ever seen. Over 900 immigration policy restrictions were implemented. These are examples of two “rules” that put a brake on immigration to the United States of America.
- The Proclamation “Suspending Entry of Aliens Who Present a Risk to the U.S. Labor Market Following the Coronavirus Outbreak”
- Executive Order 13769, politically labelled as the “Muslim Ban”
Biden becomes the new President of the U.S.A.
On the immigrant front, while there are many restrictions in place, there are two particularly important “rules” that have an impact on immigrants who want to come to the United States of America.
Firstly, the Proclamation ‘Suspending Entry of Aliens Who Present a Risk to the U.S.A. Labor Market Following the Coronavirus Outbreak’. This Proclamation has been implemented by President Donald Trump to protect U.S. workers during the COVID-19 pandemic and bans all immigrant and nonimmigration visas with limited exceptions, including the EB-5 visa. It was issued in April 2020, re-issued in June 2020, and recently extended through March 2021.
Secondly, Trump implemented ‘Executive Order 13769’, politically labelled as the “Muslim Ban”. This ban excludes people from a total of 13 countries from coming into the United States of America.
“President Biden has pledged he will lift both the Proclamation and the Ban in the near future. While EB-5 was one of the few exemptions under the Proclamation, the Muslim Ban has impacted some of our investors who could not finish the process. We would like all investors to be able to finish the entire process once they have invested. Now, we’re looking forward to welcoming investors from all over the world again”, said Brian Ostar, President of EB5 Capital.
The effect of the election outcome on EB5 Capital
The outcome of the elections will certainly impact the investors of EB5 Capital, as the Regional Center raises money from investors overseas who want to immigrate to the United States of America. The EB-5 visa program was one of the only green card options available during 2020 due to its job-creation element. However, despite the programme being available, many foreign investors were hesitant to apply due to the uncertainty with Covid-19 and the US presidential election.
“We have greater clarity stepping into 2021”, said Juline Kaleyias, Director of Business Development. “With a new president being sworn in next week and vaccines in circulation, we recommend new investors to reach out to their immigration attorneys to continue their pathway to the U.S.,” concludes Juline.
The profile of an EB5-investor
EB5 Capital has investors from 70 different countries. The top 5 of countries’ investors are from: China (40%), India (12%), Vietnam (9%), South Korea (8%) and Russia (5%).
In total, there are around 650 EB5 Capital investors currently living in the U.S.A., across 34 states and D.C. The top 5 states that investors chose to live in are California (33%), New York (12%), Florida (7%), Massachusetts (6%) and Texas (5%).
Around 20% of the investors of EB5 Capital are students. President of EB5 Capital, Brian Ostar, explains: “Most of these young adults get sponsored by their parents, who believe that their children will have a better future if they come to the U.S.A. to study and work here.”
Angelique Brunner, CEO and Founder of EB5 Capital, recently moved
to London. If you would like to conduct a virtual interview with her,
on any EB-5 subject, please contact Aurélie Decoster at Luna:
email@example.com, +32 495 59 38 00
If you would like additional information or to conduct an interview
with EB5 Capital, please contact Aurélie Decoster at Luna:
firstname.lastname@example.org, +32 495 59 38 00
About EB5 Capital
EB5 Capital is one of the oldest operating Regional Centers in the US. It owns USCIS-authorised Regional Centers that serve 14 states, most notably in California, New York, Oregon, and the District of Columbia. EB5 Capital raises capital from foreign investors to finance job-creating projects across the United States under the EB-5 Immigrant Investor Program.
EB5 Capital has 28 completed and current projects, and nearly 1,600 foreign investors from 70 countries. Most investors come from China, India, Vietnam, Russia, and Korea, but there are also many investors from Belgium, France, Germany, Italy, the Netherlands, etc. All investors are eligible, along with their families, to become permanent residents of the United States by investing in qualifying U.S. businesses through the Regional Centers of EB5 Capital.
Since EB5 Capital was founded in 2008, the mission has been to connect qualified investors with superior job-creating projects that satisfy all of the requirements of the EB-5 Visa Program.
For more information: www(dot)eb5capital(dot)com
For more information about EB-5 basics: www(dot)youtube(dot)com/watch?v=auhz9VUOh_8&t=3s