What are the National Economic Impact of EB-5 visa investments?

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What are the National Economic Impact of EB-5 visa investments?

18 November, 2014 at 11:00 am 2700 Post Oak Boulevard #1750, Houston, TX 77056, USA

American Turkic Business Council and Texas Turkish American Chamber of Commerce hosted a Luncheon Forum “What are the National Economic Impact of EB-5 visa investments?” in its headquarters in Houston, TX. Hon. Rafael Anchia, Texas State Representative and Managing Director of Civitas Capital Group was the keynote speakers.

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American Turkic Business Council and Texas Turkish American Chamber of Commerce hosted a Luncheon Forum “What are the National Economic Impact of EB-5 visa investments?” in its headquarters in Houston, TX. Hon. Rafael Anchia, Texas State Representative and Managing Director of Civitas Capital Group was the keynote speakers.

According to Civitas Capital Group “Civitas sponsors private investment funds structured to meet the requirements of the U.S. EB-5 Immigrant Investor Program, through which qualified foreign investors can receive permanent residency in the United States in return for investing a minimum of $500,000 into an American business that creates new jobs. Civitas manages “regional centers” under the EB-5 Program, including the City of Dallas Regional Center, a true public-private partnership with the City of Dallas, Texas, one of the most business-friendly and dynamic growth areas in the United States. The CDRC takes full advantage of the pro-business culture, steady growth and job creation that have made the city and the surrounding region a magnet for corporate headquarters, business expansion and foreign trade.”

Civitas Texas Regional Center serves the major Texas market of Dallas, Forth Worth, Houston, Austin, and San Antonio. According to Mr. Anchia said “Texas has created more jobs in the last ten years than California, New York and Florida combined.” He also said “Houston, Austin and Dallas are attracting foreign investors as well Fortune 500 companies are setting their operations in Texas” giving many foreign investors more confidence to invest in Texas. Mr. Anchia said that EB-5 program “can be a powerful tool for the family at the same time present an investment opportunity.” Every investment takes their risk and “it is not without risk that even the Federal guidelines require that people’s money be at risk so the key is to invest with someone who is going to mitigate that risk significantly” according to Mr. Anchia.

Another important point by Mr. Anchia is that they are Regional center operator not developers and they operate as a capital provider and their fiduciary duty is to the investor and not to the project sponsor. Invest with someone who is sophisticated and trustworthy because there is fraud and unfortunately investors lose money. They are competitive program across the world for example Mr. Anchia gave Korea as an example there is not risk to invest, guarantees the investment and there is a seven day wait for a Korean green card. They compete for transnational capital flows and foreign investment. Mr. Anchia refer that “It is more about helping families have a successful transition to the USA” and help the investor’s family.

 
 

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