Interest in immigration to the US continues growing, even in times of coronavirus, as other alternatives become more difficult. In this link an excellent conversation between experts on the best alternatives and strategies:
EB-5 Petitions approved in 45 days
National Interest Project accelerates approval of EB-5 petitions (Expedite Processing)
Very rarely, the USCIS (US Citizenship and Immigration Service) approves the National Interest status for an EB-5 project. This exceptional situation may allow both project and investor petitions to have priority in their evaluation and approval, which is called Expedite Processing.
Recently, USCIS has decided to benefit from the EB-5 project of a large sports complex in the State of North Carolina, whose investors are receiving approval of their petitions on an average of 45 days, while in normal projects, the average approval time is 25 months, and increasing.
For investors of this project, access to the EB-5 Visa and the Green Card may only take between 5 and 8 months, which is a very rare opportunity. Everything will depend on the speed of the consular process, if they are outside the US, or the status adjustment, if they are already in the country.
Projects of National Interest typically have a very large demand, both for the short period of approval of the petitions and for the perception of greater investment security in a project recognized by the government as being important and a priority. It is anticipated that the EB-5 investment quotas for this project will not be available for a long time, so interested potential EB-5 investors should take immediate action to take advantage of this opportunity.
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By Vegard Rooth– Managing Director, InterimLeder – Norway
Businesses wanting to stay in front and keep up the pace in digital transformation are required to move fast. Change and adaptability is imperative, possibly the most important, to pave the future. Those quickly adapting, win!
“Remember that change process we undertook in 1990? Those were the days!”.
Not anymore. Times when businesses were done with change processes are gone. Technology, digitalisation and disruption is now. Digital transformation has no boundaries. Robots build cars and perform surgery. Driverless cars are trialed and have the green light. The majority, if not most, of our lives are controlled from a cloud (or a mobile device). Where we purchase and how we use the goods and its services tomorrow, are completely unknown today.
Digital transformation is happening brutally fast – what is new and revolutionary somewhere in the world yesterday, is possibly already outdated by competition tomorrow, or today for that matter. Digital innovation is happening at the speed of light (at least it feels like it) and business models are being challenged by what is termed as Digital Disruption. This riveting development not only requires rapid change and adaption of businesses, it demands cutting-edge innovation across competing technology companies. Digital disruptionhits hard on other sectors that may not be well prepared.
When will this reach my sector?
The question is somewhat outdated already!
When will digital disruption and paradigm shift to your industry and your business? Are you prepared? Do you have the right people to cope with changes, including the correct management in place? Is there enough drive and tenacity among the management and on the companys´ board to set new speed when needed?
I think it is important to raise your gaze and be prepared that “more sooner than later” digital disruption will be on your doorstep, almost no matter where you work. It can also be a good idea to have a plan for how you are going to meet the changes.
Quick adaption is a “must”
Adaptability is critical for survival in this digital age. Some manage it – others don´t. From 2000 to 2014 half the companies on the Fortune 500 list disappeared! Perhaps this is not so strange: Big businesses have a larger ship to turn around, and when change is not happening fast enough or in the right direction, they become abruptly irrelevant.
Kodak is perhaps the most famous for many examples so far, of their inability to seriously see the need for digital transition. The “digital giant”, Nokia, lost the market because they were not fast enough with their adaptability to digital innovation.
I personally remember the resistance we met in SAS when introducing automatic check-in at Gardermoen. Now we are seeing staff-free border control in countries like Australia!
Development comes by putting yourself at the forefront, instead of sitting on the fence or even trying to stop it.
First to the future
Willi Railo wrote a book with a good title «Først til fremtiden», translated to “First to the future”. It has always been a favorite of mine. The future is created, by the one that gets there first! The rest follows more or less voluntarily thereafter – until death.
It´s the mentality in this picture which, in my opinion, is important when realigning a business quickly enough to survive. Making change, and an arena for thought change, a usual activity of your business. Never stop ideas with “but we have already tried this” mentality. Encourage innovation by those who dare to speak out and think outside of the box!
I’m not saying it’s easy. Ideas and new thoughts can also be a challenge. It takes time to rethink things we are already doing, right?
Common goals within personal and leadership
What does it take to “create the future”? My advice is: good insight in current and future skills needed in your own organization, dynamic movement in the existing expertise, along with a proactive culture (“how we do it here”).
Good management is essential to create the confidence that is needed in times of restructuring. Managers who have been in battle before, know how to deal with it. Don’t be afraid to replace a distance runner with a shot putter, if it’s a shot putter you need. Dare to acknowledge who is good for what is required and use the strength of another in their area of expertise.
In conclusion, I will venture to create a formula:
Dynamic management = Dynamic company = business survival skills and safe jobs (albeit new).
Darwin is right… The most adaptable survive!
The IMGroup proudly sponsors the luncheon and talk with Bernardinho, the most successful volleyball coach of all times, about Achievement and Sustainability
Tuesday, May/8, 12 pm, Four Seasons Hotel Miami
The EB-5 investment did not increase.
So why do I still have to rush?
Once again the much-discussed reform of the US EB-5 Visa Program did not happen on March 23rd, and the new “D-Day” is now September 30. For now, the rules are the same and the minimum investment remains at US$ 500,000.
For those who do not know the details it may seem that everything is rumors, fake news, etc. But the truth is that for years this subject has been several times very close to a definition by the US Congress, and at the last minute does not get the necessary consensus. But that does not mean it will not happen. On the contrary. The probability only increases with each attempt.
In addition, the Immigration Service (USCIS) had already announced that it would change the rules on its own, if Congress did not do so again, and this could happen at any time. In this case, the minimum investment would go to US$ 1.35 million.
The application process for the EB-5 Visa takes several weeks, even months, so the interested candidates have no time to waste. Only petitions already submitted may be exempt from any changes.
In Miami / Fort Lauderdale (USA): +1 (954) 713-0302
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The minimum investment for the EB-5 Visa did not change, but still may be raised within the next months.
Minimum investment for the EB-5 Visa kept at US$ 500,000 until September 30th…
…but the Immigration Service may raise it before that.
By this Friday, March 23, 2018 the US congress is expected to approve the federal spending budget for fiscal year 2018, which ends Setembro 30th.
The EB-5 Visa Program for Foreign Investors, which allows direct access to the Green Card without restrictions or requirements in regard to work, education, age or any others, will be extended without changes through the same date.
It was expected that the reform of the EB-5 Visa Program would be included in the legislative piece, but that did not happen, and therefore the minimum investment remains unchanged at US$ 500,000, as well as the remaining rules.
But those interested in pursuing this visa cannot waste any time, because the US Citizenship and Immigration Service (USCIS) had already announced that it would change the rules via regulation if congress did not do it, and that may happen at any time.
The EB-5 Visa Program is one of the best immigration-by-investment programs in the world, granting the life-long permanent residency (Green Card) in the USA to citizens of any origin that invest in job-creating enterprises in the USA, even without actively participating in the management of such businesses.
The investors also do not have to be proficient in English, have specific education or experience, or even entrepreneurial profile, etc. They also do not have to live in the area of the investment, or work, study or dedicate themselves to any specific activity. And the life-long permanent residency (Green Card) is extensive to the spouses and unmarried children up to 21 years old, at the time of application.
Learn everything about the EB-5 Visa Program here.
Violence, political crisis and economic instability have created a migrant movement from Brazil not only to live, but also to invest outside.
According to data from the Brazilian Internal Revenue Service, from 2011 to 2017, the number of Brazilians who delivered final exit declarations increased by 160%. The number reflects those who
migrated to the entire world, not counting those who did not declare.
“In the last five years, we have seen a 400% growth in requests from Brazilians who want to immigrate to the United States, and the main reason is insecurity, both due to violence and political instability,” says lawyer Carlos Colombo, specialized in immigration and international business.
He adds that traveling with a tourist or student visa, and then trying to stay is not the recommended route. “The chances of refusal of the definitive visa are high. Even more at this moment, the US government can interpret that the person has already traveled with intent to stay, but tried to circumvent the system.”
The Real Estate specialist, Luca Martins, complements that, in the last 6 years, Brazil is permanently among the 5 countries that have invested most in the United States.
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posted Aug 12, 2017, 11:23 AM [ updated Aug 12, 2017, 11:25 AM ]
JOANA CUNHA – São paulo – 03/Aug/2017
THE NEW MIGRATORY WAVE OF BRAZILIANS DISLIKED WITH THE POLITICAL SCENE OF BRASILIA CONTRIBUTED TO TRIPLE THE AMOUNT OF MONEY TRANSFERRED FROM THE COUNTRY TO THE UNITED STATES IN THIS YEAR.
The volume of funds sent by individuals from Brazil to individuals in the USA grew 227% in the first half of 2017, to US$ 408 million, according to the Brazilian Central Bank.
Part of this movement is explained by the new migratory movement of Brazilians to the USA: with a more elitist profile, in which their businesses in Brazil support the american life.
According to Leonardo Freitas, a partner at Hayman Woodward, a consulting firm specializing in immigration and cash flow, part of the Brazilians who immigrate have no source of income in the USA, and need to support themselves until they can invest in a dollar-based business.
“The resources that enter the USA comes from income from a business or company maintained in Brazil, or from retirement or investments.” The country’s high interest rates are still attractive. They invest in Brazil and use the high return on capital to send part of the income to the USA, to pay for the permanence in America” says Freitas.
The Central Bank does not detect the use of these resources, but informs that it is not for loans, financing, or purchase or sale of goods or services.
“There is a large number of low-amount operations, and it is likely that a significant part of the resources is used for consumption” the agency says.
Fernando Mello, partner at IMGroup, says that when they noticed the demand, his company began to assist the emigration of Brazilian families.
According to him, the current emigrant has a different profile than the one observed in the waves of Brazilian who left for the United States in the 1980s.
If in the past Brazilians went in search of money to send to relatives who stayed here, today the resources take the opposite direction.
“Now it is about families with assets, couples from 40 years old, with a much less improvised process.
Before leaving Brazil for good, these families usually send their teenagers to study. While the parents do not move, those children are maintained through those transfers.
Like with their children, theirs financial resources can be sent in advance for investments. Mello himself sent his sons to study abroad before leaving Brazil years ago.
Investment in real estate may also have boosted the volume, according to Fernando Pavani, president of BeeCâmbio, which specializes in online remittances.
“Brazilians bought assets there and they generate fixed expenses, such as sending money to an employee to pay the electricity bill or for that employee’s salary” says Pavani.
Santander noticed the increase in remittances, according to director Luiz Masagão. “The apps made it much easier. Today it can be done on the cell phone: sending money to a family member, paying for real estate expenses, medical expenses, etc”.
Such growth did not have the USA as an exclusive destination. Personal remittances overseas from Brazil in general also grew, although to a lesser extent: 74%.
Bolivia was the second largest destination, with 7% of the total money sent abroad, compared to 44% of the United States.
Personal transfers follow common trading rules in the foreign exchange market. The money is delivered in Brazil, in Reais, and received abroad in foreign currency.