US EB-5 program’s independent route for Hongkongers – New Biden administration makes immigration reform its top priority

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HONG KONG SAR – Media OutReach – 10 February 2021 – During the first week of his
presidency, President Biden has executed six immigration-related executive
orders, including rescinding the Muslim ban, restoring the Deferred Action for
Childhood Arrivals (DACA) program and halting construction of a U.S.-Mexico
border wall. This marks a return to policy where immigrants are welcomed and
valued for their contributions to the economy and society.

Even though the Biden administration’s
proposed immigration reform bill, The U.S. Citizenship Act of 2021, doesn’t
mention EB-5 specifically, the program and EB-5 investors do stand to benefit from some of the measures in the
proposed bill, which favor economic growth and employment-based visa categories
including EB-5. These measures aim to clear employment-based visa backlogs, recapture
unused visas, and reduce lengthy wait/processing times.

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Over the past 20 years, the EB-5 program has been a very popular pathway among
Chinese communities to obtain green cards by investing in the U.S. The
popularity has created a more than 10-year wait time for mainland-born investors.
 Hongkongers, on the other hand, still
enjoy a separate immigration line from the mainland investor without the long
wait, making EB-5 an attractive option.  

With a minimum investment of US$900,000, the
EB-5 program appeals to high net-worth individuals aiming to obtain permanent
resident status in the U.S. While the Trump administration cracked down on
immigration, experts anticipate positive impact on the program with the new Biden
administration in charge and President Biden has already pledged to undo many
of Trump’s anti-immigration policies.

 

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The EB-5 visa
program grants investors the opportunity to live and work anywhere in the U.S.
and allows investors to return to their country of origin for personal or business
purposes if they maintain U.S. residency. For families looking to educate their
children in the U.S., there are even admission advantages and reduced tuition
costs available. “CanAm has always applied the investor-first mindset when managing
our investors’ immigration and investment capital,” said Mr. Tom Rosenfeld, President
and CEO of CanAm Enterprises. “We look forward to seeing the Biden
administration bringing more positive changes to the program, and CanAm will
continue to provide qualifying projects and top-notch services to our investors
globally.” 

 

CanAm
has 30 years of experience exclusively promoting and administering
immigration-linked investment funds with a proven track record in assisting investors
achieve their immigration and investment goals. Having raised more than US
$3 billion of EB-5 capital for 60 projects, CanAm leads the EB-5 industry
in capital repaid to investors. As of December 2020, more than $1.75
billion in EB-5 capital from 45 completed CanAm projects has been successfully repaid
to 3,500 investors — representing their full loan amounts. Over 2,300 investor
families have already achieved their permanent resident status in the
U.S. through CanAm’s EB-5 projects with 7,200+ permanent green card issued
to CanAm’s Investors and their families. 

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CanAm believes that trust is
born out of transparency and provides a fully audited immigration and
investment track record to our partners and investors. It is one of the first EB-5
Regional Centers to establish its own FINRA-registered
Broker-Dealer to ensure full regulatory compliance. A third-party
escrow bank is also set up for each investment project to safeguard the
investment funds. Headquartered
in Manhattan, New York, CanAm has local representatives in Beijing, Shanghai,
New Delhi, Ho Chi Minh City, Singapore, Hong Kong and Dubai. 

 

“Despite the turmoil in the
previous years, the U.S. remains one of the top migration destinations for
Hongkongers. Key appealing factors are the comparable salary packages, living
standard and quality of education. Yet it is crucial to choose a credible
Regional Center with sound repayment track record to partner with, and it is
exactly why we choose to represent CanAm for our local clients,” said Belinda
Chan, Managing Partner of CCGi, local partner of Global Migration Solutions and
CanAm Enterprises in Hong Kong.

 

CanAm
helps Hongkongers achieve their path to citizenship by offering a “full
service” support and management role in going through EB-5’s six step process,
with the track record, financial infrastructure and legal expertise to offer full
regulatory compliance and investment security. CanAm is uniquely positioned as
a bridge between qualifying projects and accredited investors, and with a
responsibility to both, investors trust that CanAm is also invested in the
success of every investment. The process will take
approximately 24 months for a conditional Green Card, and another 21 to 45
months for a permanent green card.

 

Upcoming FREE webinar on latest EB-5 program updates:

Date:
               26th
February 2021 (Friday)

Time:
              7pm
HKT

Platform:
        Live on Zoom

To register, please sign up with this link: https://bit.ly/3cSOLqm

About CanAm Enterprises

With three decades of experience promoting
immigration-linked investments in the United States and Canada, CanAm has a
long and established track record. Basing its business on a reputation of
credibility and trust, CanAm has financed 60 projects and raised nearly $3
billion in EB-5 investments. More than $1.4 billion in EB-5 capital from over
2,800 families has been repaid by CanAm’s 42 projects to date. CanAm
exclusively operates seven USCIS-designated regional centers that are in the
city of Philadelphia, the Commonwealth of Pennsylvania, the metropolitan
regions of New York & New Jersey, the states of California, Hawaii,
Florida, and Texas. For more information, please visit www.CanAmenterprises.com.

US EB-5 program's independent route for Hongkongers – New Biden administration makes immigration reform its top priority

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US EB-5 program's independent route for Hongkongers – New Biden administration makes immigration reform its top priority - Brand SpurUS EB-5 program's independent route for Hongkongers – New Biden administration makes immigration reform its top priority - Brand Spur

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Latest News

Vivocom’s Group Game Changer – Multi-Billion Sand Project Secured

  • Initial contract worth RM3.79 billion for three years
  • Aspires to be a major industry player 'with exponential growth prospects'


KUALA LUMPUR, MALAYSIA - Media OutReach - 26 February 2021 - In a filing to Bursa Malaysia this evening, Vivocom Intl Holdings Berhad ('Vivocom') announced that V Development Group via one of its subsidiaries has secured a 'massive win' worth approximately USD934.7 million or the equivalent of RM3.79 billion.

Rain International Sdn Bhd ('Rain International') is a 97% owned subsidiary under the V Development Group which was recently merged into the Vivocom Group. The Company's proposed acquisition of V Development Group had been recently approved by the relevant authorities.

Rain International is principally involved in the mineral trading and exportation business, supplying sand to its client mainly in Hong Kong and China for reclamation and construction works. The Company had recently signed a contract for the supply of marine sand for a minimum period of three years.

The contract is for the supply of sand to Zhen Hua Engineering Company Ltd-China Communications Construction Company Ltd-CCCC Dredging (Group) Company Ltd. (ZHEC-CCCC-CDC), a Joint Venture contractor appointed to undertake the main reclamation works for the Hong Kong International Airport Three Runway System Project.

Director Mr William Chan Ching-Kee said: "As the appointed agent for the ZHECC-CCCC-CDC Joint Venture, we are looking forward to the exportation of sand from Malaysia to our client in Hong Kong to commence without any further delay."

Dato Seri Chia is optimistic that the contract would be extended for another two to three years and could potentially generate revenue of up to RM6 billion.

"The sand business is a major boost because it gives us tremendous visibility. The potential revenue is huge, recurring and highly scalable," its jubilant CEO, Dato Seri Chia Kok Teong exclaimed.

"The potential for explosive growth in the sand business is real and tangible, and bodes well for the Group in the next few years."

"We are starting with 3 years but the contract can easily be increased to 5 years and beyond, with higher tonnage shipped every 6 months. The exportation of sand will increase sharply over time," he added.

Besides the reclamation works for the Hong Kong International Airport, the rapid pace of construction and reclamation works in China and Singapore also requires heavy demand for sand, which is a considerable boon to Malaysia.

"The market for sand export is extremely humongous and will fuel the Group's rapid growth for the next several years. The RM3.79 billion Win is the first of many more to come."

"I have in fact urged my team to secure up to RM10 billion worth of sand contracts by the end of 2021. This is part of our overall transformation strategy to become a multi billions conglomerate," declared Dato Seri Chia.

"It is our core strategy to strengthen and diversify the Group's revenues generation capabilities and capacities and not be too narrowly focussed."

"Presently, we are already in negotiations for another RM2 to RM3 billion sand contract. Once finalised, we will make the relevant announcement as per Bursa Malaysia's requirements," Dato Seri Chia elaborated.

The sand would be procured from an approved permit holder to export sand overseas, and sourced from concession areas in Sandakan and Sungai Beluran in Sabah and throughout Malaysia.

"Even with this massive sand contract already secured, we will not be complacent. I have earlier promised to transform Vivocom into a behemoth Conglomerate and I will work non-stop to deliver on the promise," Dato Seri assured.

Since Dato Seri Chia's entry into Vivocom in January 2020 when its price was at 15 cents, the share has climbed sharply and last closed at RM1.06 on Thursday, 25th February 2021.

"I am very optimistic that Vivocom shares will continue to grow strongly and be worth a lot more than presently over time. I'm proud to say that we are no longer a penny stock," he reflected.

"My team is totally committed to building Vivocom into a reputable and profitable public company, one with solid fundamentals, sustainable profits and healthy cashflows."

"As a priority, we will work towards getting the Group elevated to the Main Board of Bursa Malaysia and be a dividends-paying company soonest possible," quipped Dato Seri.

To show his commitment, Dato Seri Chia has undertaken a voluntary self--imposed moratorium (or SIM) in that he will not dispose his personal stakes in Vivocom for the next 3 years. This will ensure the company's long-term price stability and sustainability.

"We want a stable and strong share price so that the Company can use its shares with its high liquidity as a currency for M&A activities to fund and fast-track expansion and growth," he explained.

"A strong share with high liquidity is a most valuable and prized asset. We will use it to buy Companies with game-changing and disruptive strategies. To look for the Next Big Thing."

"The enormous followings in the Company are what is driving in tremendous liquidity and momentum giving our share price added impetus," Dato Seri proudly asserts.

"We aspire to emulate Berkshire Hathaway strategy started over 40 years ago by Mr Warren Buffet. Mr Masayoshi Son built SoftBank Group of Japan along the same philosophy and Alphabet in US adopted similar strategies."

"These three companies are presently amongst the most valuable and admired companies in the world. I have the same dream for Vivocom. I am determined to leave behind an enduring legacy for all our valued shareholders," concluded Dato Seri Chia.

US EB-5 program's independent route for Hongkongers – New Biden administration makes immigration reform its top priority - Brand Spur
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