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Investment Process PDF Print E-mail
Written by ARC   
Monday, 22 March 2010 22:05
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Step 1: Pre-Development

ARC Investment Committee approves for EB-5 investment in line with underwriting guidelines
ARC prepares project specific subscription document, PPM to outline: project, required EB-5 investment, potential returns, job creation forecast, exit opportunities etc.
ARC sets up project specific companies, related bank escrows, distributes PPM through all marketing channels and briefs all support staff and participants on project scope and investment criteria.
Complete project package (PPM, application forms, supporting USCIS and other information, etc.) and follow up contacts made available to potential investors for due diligence purposes.

Investor reviews materials with local ARC Marketing Agent and appoint business, legal, immigration and/or tax advisors, as appropriate.

 

Step 2: EB-5 Investment Application

Potential Investor wishes to undertake investment in specific project and his/her personal advisors, Marketing Agent and ARC have reviewed application package and confirmed that investor is qualified.
Qualified investor appoints local immigration attorney to assist with the execution of the application and send passport copies to escrow bank for security checks.

Security Check PASSES

Qualified Investor submits complete application and places funds (investment plus syndication fee) in escrow.

Security Check FAILS

Investor unable to participate in EB-5 program.
Qualified Investor’s local immigration attorney completes I-526 petition on behalf of his client and submits all required documentation to ARC for review. Once all documentation is complete, qualified investor’s immigration attorney submits I-526 petition to USCIS together with project documentation provided by ARC.


Step 3: USCIS Review

USCIS reviews complete I-526 application package.

I-526 IS APPROVED

Escrow Agent releases qualified investor’s funds for investment in identified project.

I-526 IS DENIED

Escrow Agent returns investment portion of funds to investor.
Qualified investor local immigration attorney submits Immigrant visa application to U.S. Consulate (if investor is overseas) or submits application to adjust at a USCIS Service Center (if investor is in the United States).

Step 4: Permanent Residency

Within 90 days prior to the second year (21-24 months) of the investor’s admission to the U.S. under the EB-5 program, ARC provide documentation (including impact study) to confirm project progress and required job creation.
Qualified investor’s immigration attorney prepares I-829 (link?) petition and submits it to ARC for review.
Once application is complete, ARC authorizes investor’s immigration attorney to file the I-829 petition with USCIS.

I-829 IS APPROVED

USCIS removes conditional immigration status and investment continues in the project subject to agreed terms and conditions.

I-829 IS DENIED

Project Developer returns investment to investor. Investor may choose to invest in another project or withdraw from the EB-5 Program.
Approved investor may file for U.S. citizenship within 90 days of the fifth anniversary from the date permanent U.S. residency was first granted.
Last Updated on Monday, 24 May 2010 17:03
 

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