Latest news with #EB-5ImmigrantInvestorProgram
Business Upturn
2 days ago
- Business
- Business Upturn
First Investor in CMB Regional Centers Daytona Beach Project Receives Green Card Approval
DALLAS, June 02, 2025 (GLOBE NEWSWIRE) — CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced the first approval of a petition for conditional permanent residency in the United States (I-526E petition) by United States Citizenship and Immigration Services (USCIS) for an investor in its Group 84 – Hillwood Daytona BTS project. The I-526E petition is filed by an individual seeking a green card through the EB-5 Immigrant Investor Program, with approval signifying the eligibility of the investor and their immediate family members for conditional permanent residency in the United States. 'This first approval of an I-526E petition is a significant milestone for our business and, most importantly, for the investors and families who have entrusted us with a critical step in their immigration journey,' said Noreen Hogan, President at CMB. 'We are thrilled for this investor and look forward to additional USCIS approvals in the near future.' The CMB Group 84 EB-5 partnership lent $79.2 million to a Hillwood Development Company-affiliated entity for the construction of a Daytona Beach (Florida) build-to-suit logistics facility for a Fortune 500 tenant. CMB and Hillwood Development Company (Hillwood) have cultivated one of the most successful EB-5 lender-borrower relationships in the EB-5 space, with over 40 EB-5 projects and more than $500 million in EB-5 loan repayment to investors. CMB and Hillwood have generated significant traction over the past year with regard to record-setting speed for approvals of their EB-5 collaborations, far outpacing the USCIS-reported 13 months (for 80% of cases) for I-956F petitions: CMB Group 89 – Hillwood City Creek (I-956F approved in 39 days) CMB Group 86 – Gable House Apartments (I-956F approved in under five months) CMB Group 90 – Hillwood Treeline (I-956F approved in just over six months) CMB Group 93 – Coachella Valley (I-956F approved in three months) CMB Group 98 – Hillwood Commerce 71 (I-956F approved in under three months) About CMB Regional Centers CMB has been a leader in the EB-5 industry for over 28 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,600 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on all partnerships that have undergone USCIS adjudication. To date, CMB has repaid over $1.4 billion USD to investors. To learn more, contact CMB directly at [email protected]. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
2 days ago
- Business
- Yahoo
First Investor in CMB Regional Centers Daytona Beach Project Receives Green Card Approval
I-526E petition for conditional green card adjudicated 7 months after EB-5 project approved by USCIS DALLAS, June 02, 2025 (GLOBE NEWSWIRE) -- CMB Regional Centers (CMB), one of the most experienced regional center operators in the EB-5 industry, today announced the first approval of a petition for conditional permanent residency in the United States (I-526E petition) by United States Citizenship and Immigration Services (USCIS) for an investor in its Group 84 – Hillwood Daytona BTS project. The I-526E petition is filed by an individual seeking a green card through the EB-5 Immigrant Investor Program, with approval signifying the eligibility of the investor and their immediate family members for conditional permanent residency in the United States. 'This first approval of an I-526E petition is a significant milestone for our business and, most importantly, for the investors and families who have entrusted us with a critical step in their immigration journey,' said Noreen Hogan, President at CMB. 'We are thrilled for this investor and look forward to additional USCIS approvals in the near future.' The CMB Group 84 EB-5 partnership lent $79.2 million to a Hillwood Development Company-affiliated entity for the construction of a Daytona Beach (Florida) build-to-suit logistics facility for a Fortune 500 tenant. CMB and Hillwood Development Company (Hillwood) have cultivated one of the most successful EB-5 lender-borrower relationships in the EB-5 space, with over 40 EB-5 projects and more than $500 million in EB-5 loan repayment to investors. CMB and Hillwood have generated significant traction over the past year with regard to record-setting speed for approvals of their EB-5 collaborations, far outpacing the USCIS-reported 13 months (for 80% of cases) for I-956F petitions: CMB Group 89 – Hillwood City Creek (I-956F approved in 39 days) CMB Group 86 – Gable House Apartments (I-956F approved in under five months) CMB Group 90 – Hillwood Treeline (I-956F approved in just over six months) CMB Group 93 – Coachella Valley (I-956F approved in three months) CMB Group 98 – Hillwood Commerce 71 (I-956F approved in under three months) About CMB Regional Centers CMB has been a leader in the EB-5 industry for over 28 years, with its first regional center designation approved in 1997. Since then, CMB has assisted over 6,600 investor families, from over 100 countries, in their pursuit of immigrating to the United States. CMB currently maintains a 100% project approval rate on all partnerships that have undergone USCIS adjudication. To date, CMB has repaid over $1.4 billion USD to investors. To learn more, contact CMB directly at info@
Time of India
2 days ago
- Business
- Time of India
Why Indians are banking on the EB-5 visa for the US? The golden path to green card and who is eligible for it
The EB-5 Immigrant Investor Program offers a path to US permanent residency for foreigners who invest at least $800,000 in American businesses, creating jobs. It attracts Indian professionals and students seeking alternatives to student visas. Challenges include long waiting times and a high investment threshold, with potential changes on the horizon. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The EB-5 Immigrant Investor Program is a US government initiative designed to encourage foreign investment in American businesses that create jobs. Established in 1990, the program allows eligible investors to obtain a Green Card permanent residency ) by making a significant financial investment in the United States To qualify for an EB-5 visa, a foreign investor must invest at least $800,000 (approximately INR 7 crore) in a qualifying US business, according to a report by The Times of India. This investment usually takes place in Targeted Employment Areas (TEAs), which are rural locations or areas with high unemployment rates. The key requirement is that the investment must create or preserve at least ten full-time jobs for American have two main options: they can invest directly in a business or go through a regional centre authorised by the US Citizenship and Immigration Services (USCIS). These regional centres manage economic development projects and make it easier for investors to meet job creation foreign national willing to make the required investment and meet the job creation criteria is eligible to apply. The program also allows investors to include their spouse and unmarried children under 21 years of age in the application, offering a path to permanent residency for the entire per the TOI report, recent tightening of student visa regulations by the US government has led many Indian students and professionals to seek alternative routes to permanent residency. EB-5 offers a more secure and direct path, especially for those concerned about the uncertainty surrounding traditional student receives about 700 EB-5 visas per year, which can lead to long waiting times and backlogs. The high investment threshold means the program is accessible mostly to high-net-worth individuals. Additionally, the US government has proposed a new " Gold Card " program that would require a $5 million investment but eliminate the job creation requirement. This proposal is still pending EB-5 visa remains a key option for Indian nationals seeking permanent residency in the US, especially as immigration policies evolve. Prospective applicants are advised to consult immigration experts to understand the program's requirements and plan their applications effectively.(With inputs from TOI)
Time of India
2 days ago
- Business
- Time of India
Why Indians are turning to EB-5 Visa for the US: What it is and who is eligible
As the Trump administration tightens limitations on student visas, more Indian professionals and students are considering the EB-5 visa as a different route to permanent residency in the United States. The EB-5 Immigrant Investor Program was created in 1990 and permits foreigners to get a Green Card by investing in US businesses that create jobs. A minimum investment of $800,000 (about INR 7 crore) in a qualifying US business is required for the EB-5 visa, especially in Targeted Employment Areas (TEAs) that are rural or have high unemployment rates. The investment should at least create ten full-time employment for American workers. Applicants have the option of investing directly or through regional centres authorised by USCIS that oversee economic development projects. Read more: World's 10 tallest waterfalls that will take your breath away The tightening of US immigration policies has led to a significant surge in EB-5 visa applications from Indian nationals. Immigration lawyers report a 100% increase in applications from Indian students over the past few months. This uptick is largely driven by concerns over the stability of student visas and the desire for a more secure and direct route to permanent residency. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Soluções de energia de confiança para Data Centers de IA Siemens Energy Learn More Undo Investors can include their spouse and unmarried children under 21 in their application, in addition to the EB-5 visa offering a route to a Green Card. This option makes it an appealing option for families seeking long-term stability in the United States. Nonetheless, there are certain challenges associated with the program. According to reports, India gets roughly 700 EB-5 visas annually, which might lead to backlogs and lengthy application wait times. Due of the high cost demand, high-net-worth individuals are likewise limited in their access. Reports add that the Trump administration has responded to these restrictions by proposing a new "Gold Card" immigration program that would do away with the job creation requirement in exchange for a $5 million investment. This program aims to attract more affluent investors, but it has not yet received congressional approval and is uncertain legally. Read more: Schengen Visa for Indian passport holders: Application, cost, timeline & tips Despite these modifications, Indian people who wish to settle permanently in the US should still consider the EB-5 visa, especially in light of the nation's current immigration regulations and political climate. As the situation continues to evolve, potential applicants are encouraged to consult with immigration specialists to manage the complexities of the EB-5 program and determine the best paths to achieving their residency goals. One step to a healthier you—join Times Health+ Yoga and feel the change
Time of India
6 days ago
- Business
- Time of India
Trump's $5 Million Gold Card Visa Plan: Why experts say it may never become a reality
The ambitious Trump Gold Card visa programme, touted as a potential economic gamechanger and a shortcut to U.S. residency for wealthy foreigners, may never move beyond a campaign concept, according to leading immigration experts and legal analysts. Despite high-profile endorsements and repeated declarations of an imminent rollout, the initiative currently lacks legal backing, operational structure, and a realistic applicant base, stakeholders have said, as mentioned in a report by Forbes. A Concept Without a Framework Marketed as a $5 million entryway into the United States—complete with residency rights, a citizenship track, and possible tax advantages—the Donald Trump Gold Card visa was introduced earlier this year by U.S. President Donald Trump and his ally, Commerce Secretary Howard Lutnick. The proposal suggests it could replace the existing EB-5 Immigrant Investor Program , which currently allows foreign nationals to gain residency through investments of $800,000 to $1 million and job creation requirements. However, immigration experts point out that no legislation has been introduced, nor are there details of a formal structure. 'There is no real programme, no enabling law—just a marketing pitch,' said Nuri Katz, founder of Apex Capital Partners, who has advised ultra-high-net-worth individuals on immigration for over three decades. Katz stressed that the U.S. Congress would have to enact new immigration and tax laws before any such programme could take effect. Live Events Trump's Vision: Ambitious but Impractical? President Trump has floated numbers as high as $50 trillion in potential revenue, claiming the sale of 10 million Gold Cards would more than erase the national debt. Lutnick has since tempered the projections, suggesting $1 trillion in revenue from 200,000 applicants. But analysts remain skeptical. 'The math simply doesn't support the vision,' Katz told reporters. 'In my experience, investors rarely commit more than 10% of their net worth to an immigration programme. So unless an individual is worth $100 million or more, they won't even consider this.' According to a Henley & Partners report, there are fewer than 30,000 non-American centimillionaires worldwide—far fewer than the figures being pitched by the administration. Legal and Technical Barriers Persist The programme's digital infrastructure has also drawn criticism. Although a website— expected to go live this month, visitors are instead met with a placeholder page and malfunctioning registration prompts. The Department of Commerce has not provided clarity on when or whether the site will officially launch. According to the American Immigration Lawyers Association, no U.S. President can unilaterally create or alter visa categories. The current EB-5 programme, reauthorized through 2027, would remain in place unless Congress amends existing law. Skepticism Mounts Among Wealth Managers Katz, who advises international clients, said he would not recommend participation to any investor under current conditions. 'Without legislation and regulatory clarity, even submitting personal information on a website could pose risks. We don't know where that data would end up,' he warned. In a telling moment, Katz dismissed Lutnick's recent claim that 1,000 Gold Cards were sold in one day—allegedly generating $5 billion—as 'implausible and unserious.' Origins in a Conversation, Not Policy The genesis of the Trump Gold Card idea reportedly came from hedge fund manager John Paulson, who suggested monetising visas during a conversation with Trump. 'Why do we give them away? We should sell them,' Paulson allegedly said, prompting Lutnick to develop the proposal. But translating a dinner-table idea into federal immigration policy, experts say, will require more than bravado and branding. FAQs What is the Trump Gold Card visa programme? It's a proposed visa initiative by U.S. President Donald Trump, offering U.S. residency and a path to citizenship to wealthy foreigners in exchange for a $5 million investment. Has the programme been officially launched? No. As of now, it remains a concept without a legal framework or legislative backing, according to immigration and legal experts. Economic Times WhatsApp channel )
