Integrity Legal

Posts Tagged ‘EB-5 Visa Singapore’

15th January 2011

Those who have perused this web log in the past may have taken notice of the fact that the administration routinely posts the holiday closing schedules of the various US Missions in Asia in the hopes that doing so will forestall fruitless trips by Americans abroad to a closed Embassy observing an American or foreign holiday. To quote directly from the official website of the US Embassy in Singapore:

The American Embassy will observe the following American and Local Holidays.

2011

OFFICIAL DATE

U.S. HOLIDAY

LOCAL
HOLIDAY

DATE
OBSERVED

Jan. 1 New Year’s Day New Year’s Day Fri., Dec. 31
3rd Mon in Jan. Birthday  of Martin Luther King, Jr.

Mon., Jan.17
Feb. 3 – 4

Chinese New Year Thurs., Feb.3

Fri., Feb.4

3rd Mon in Feb. Washington’s

Birthday

Mon., Feb.21
Apr. 22

Good Friday Fri., Apr. 22
May 1 (Sun.)

Labor Day Mon., May 2
May 17

Vesak Day Tues., May 17
Last Mon in May Memorial Day

Mon., May 30
Jul. 4 Independence Day

Mon., Jul. 4
Aug. 9

National Day Tues., Aug. 9
Aug. 30

Hari Raya Puasa Tues, Aug.30
1st Mon in Sept. Labor Day

Mon., Sept.5
2nd Mon in Oct. Columbus Day

Mon., Oct.10
Oct.26

Deepavali Wed., Oct.26
Nov. 6 (Sun)

Hari Raya Haji Mon., Nov. 7
Nov.11 Veteran’s Day

Fri., Nov. 11
4th Thurs in Nov. Thanksgiving

Thurs., Nov. 24
Dec. 25 (Sun) Christmas Christmas Mon., Dec. 26
Jan.1, 2012 (Sun) New Year New Year Mon., Jan.2, 2012

Those seeking services such as issuance of a Consular Report of Birth Abroad, US Passport, or additional pages for a previously issued US passport are well advised to contact an American Citizen Services Section of the nearest US Consulate with appropriate jurisdiction as such requests, made by those physically present abroad, are generally only processed at US Missions abroad. Making an appointment online to visit a US Mission abroad can greatly facilitate the processing of requests and \streamline the processing of an individual’s request.

Those wishing to visit the official homepage of the US Embassy in Singapore please click HERE.

Those seeking travel documents such as the B-2 visa (US tourist visa), B-1 visa (US business visa), F-1 visa (US student visa), or J-1 visa (US exchange visitor visa) are likely to process their application through a Non-Immigrant Visa (NIV) Unit abroad. Those seeking such travel documents should bear in mind that non-immigrant visa applications are scrutinized pursuant to section 214(b) of the United States Immigration and Nationality Act.

Those Americans seeking family based visa benefits for an immigrant spouse (CR-1 visa or IR-1 visa) will likely see their loved one process their visa application through an Immigrant Visa (IV) Unit abroad. For purposes of visa application processing the K1 visa, although a US fiance visa technically classified as a non-immigrant travel document, is treated in much the same way as the immigrant visa applications.

Those seeking a business or investment visa such as an E-2 visa (Treaty Investor), L-1 visa (Intra-Company Transferee) , or EB-5 visa (Immigrant Investor) are likely to be required to process an immigration petition through the United States Citizenship and Immigration Service (USCIS) prior to submitting a visa application abroad. In the case of the E-2 visa, those seeking such visa benefits abroad may not be required to process an immigration petition with USCIS.

For related information please see: US Visa Singapore.

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2nd December 2010

EB-5 Visas from Singapore

Posted by : admin

Those who read this blog regularly will likely be aware that the administration of this blog routinely posts about issues related to the Immigrant Investor Visa colloquially referred to as the EB5 Visa. Recently, this author discovered an interesting piece on the internet which was written about the United States dollar versus the Singapore Dollar. to quote directly from the TheMalaysianInsider.com:

the Singapore dollar is forecast to strengthen to 1.356 against the US dollar by the end of the year, a central bank survey showed…The currency forecast translates into an appreciation of 3.35 per cent from 1.403 to the US dollar at the end of 2009.

Under certain circumstances, a strengthening local currency can be problematic as exporters generally wish to see a strong US dollar when trading with the US. However, those wishing to invest money into an enterprise in the United States of America may find that a strengthened local currency is a benefit. In the case of the EB-5 visa this is certainly the case as those who hold assets in strong foreign currency may find that the real cost of investing in the USA is cheaper compared to costs in the past due to a comparatively weak American dollar.

The EB-5 visa program requires the prospective immigrant investor to make a substantial investment in the USA. Prospective Immigrant Investors should be prepared to invest a minimum of $500,000 into an eligible investment program in the USA. Should an immigrant investor make the required investment, adhere to relevent regulations, and meet other eligibility criteria, then an EB-5 visa may be issued. Once in the USA, the EB-5 visa holder may one day be eligible to apply for naturalization to United States Citizenship. United States Citizenship is a highly sought after benefit as there are many privileges and rights which attach to an individual who has become an American Citizen.

It should be noted that there are a limited number of EB-5 visas available each year. To quote directly from the Beacon, the official web log of the United States Citizenship and Immigration Service (USCIS):

The Immigrant Investor Program, also known as “EB-5,” was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by immigrant investors by creating a new commercial enterprise or investing in a troubled business. There are 10,000 EB-5 immigrant visas available annually. In 1992 and regularly reauthorized since then, 3,000 EB-5 visas are also set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.

In many ways, the EB-5 visa program is a “win-win” situation as the alien is granted Lawful Permanent Residence (Green Card status) and the United States economy receives the benefit of foreign investment as well as the addition of an enthusiastic immigrant who is eager to contribute to America’s economic future.

For more information please see: EB-5 Visa Singapore.

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9th November 2010

Since the topic of American Investment visas was first broached on this blog, this author has received some questions regarding the way in which United States Investment Visas actually operate in the real world. One of the most frequently asked questions pertaining to EB-5 visas is: “Can I get US Citizenship by investing in the United States?” The answer to that question is somewhat nuanced and it requires one to have a rather in-depth understanding of the EB-5 Immigrant Investor visa and the process for obtaining this type of travel document.

There are some countries around the world which have programs whereby investors can obtain virtually instantaneous citizenship simply by investing capital into the economy of the country issuing the nationality documents. In the United States, there is no program that operates this way. However, the EB-5 visa does grant the visa holder lawful permanent residence in the USA. This is a substantial benefit and should not be taken for granted as Lawful Permanent Residence is a highly sought after status that allows the Permanent Resident to permanently reside and work in the United States. Many often refer to Lawful Permanent Residence as “Green Card” status. That said, Lawful Permanent Residence is not American Citizenship. Those in the USA in Green Card status are not permitted to vote in elections, run for political office, and such individuals also cannot obtain a US passport. Although, those in Lawful Permanent Resident (LPR) status may be eligible to obtain a US reentry permit which allows the bearer to leave the United States for as long as two years without raising the presumption of residential abandonment.

Although there is no “citizenship by investment” program in the USA, the EB-5 visa could be the first step in the United States Naturalization process. For example, if an immigrant investor is granted an EB-5 visa and enters the United States, then that individual would be granted permanent residence upon lawful admission. After residing in the United States for a statutorily prescribed period of time, and assuming all other criteria are met, it may be possible for an EB-5 visa holder to apply for naturalization. Naturalization is the process whereby a foreign national becomes a United States Citizen. The process can be somewhat cumbersome and for those unaccustomed to dealing with immigration matters it may seem complex and frustrating at times, but upon approval of a petition for naturalization an EB-5 Immigrant Investor could theoretically obtain United States Citizenship.

Even though the United States does not offer a direct “Citizenship by Investment” program, one could argue that the US offers a “Path to Citizenship” by Investment program in the form of the EB-5 visa which places holders of said visa on track to possible American Citizenship should all other criteria be adhered to and the physical presence requirement be met.

For related information please see: EB-5 Visa Thailand, EB-5 Visa China, or EB-5 Visa Taiwan.

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