Visit http://movidapalmsprings.com to learn about our approved EB-5 Regional development.
On February 26, 2014, the California Foreign Investment & Immigration Center, CFIIC, received it’s APPROVAL from the United States Citizenship & Immigration Services as a designated EB-5 Regional Center.
The California Foreign Investment & Immigration Center was established to spur job creation and economic growth in Riverside County, California, the State’s fourth largest county.
The I-526 petition undergoes a thorough review by the United States Citizenship and Immigration Services currently averaging 4 to 6 months.
Once USCIS approves the Immigrant Investor’s I-526 petition, CFIIC can deploy the capital investment and begin job creation. The investor is scheduled for a visa interview at the US Consulate within 6 months to receive a conditional 2-year green card.
CFIIC will submit Form I-829 Removal of Conditions. This will provide evidence to USCIS of capital expenditures and revenues generated over the 2-year conditional period of residency to validate the job creation requirement. This process will provide the investor with a PERMANENT GREEN CARD.
CFIIC’s approach for job creation is targeted on the following industry clusters: New Housing For Sale Builders and Site Preparation Contractors. Since the USCIS required job creation will be completed during the initial construction phase of this project, the investor can rest assured that their job creation requirement will be met when the investor makes the application for their permanent green card.
USCIS requires the investor to invest $500,000 (plus applicable fees) in a targeted employment area creating 10 jobs directly and/or in-directly for each $500,000 investor/applicant towards a project.
According to the economic analysis conducted for Desert Dunes Country Club Development, the project will create 1,518.7 jobs yielding an impressive 36% job buffer.
EB-5 PRESENTATIONS ARE OPEN ONLY TO PERSONS WHO PROVIDE SATISFACTORY VERIFICATION TO RELATED OF THEIR STATUS AS “ACCREDITED INVESTORS” UNDER THE U.S. FEDERAL SECURITIES LAWS. OFFERS WILL BE MADE TO ACCREDITED INVESTORS ONLY BY PRIVATE PLACEMENT MEMORANDA OF ONE OR MORE ENTITIES AFFILIATED WITH RELATED. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER, SALE OR SOLICITATION. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
The EB-5 program is open only to persons who provide satisfactory verification to Related of their status as “accredited investors” under the U.S. Federal securities laws. Offers will be made to accredited investors only by private placement memoranda of one or more entities affiliated with Related. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such offer, sale or solicitation. Past performance is not indicative of future results.
In order for an individual to qualify as an accredited investor, he or she must accomplish at least one of the following:
1) earn an individual income of more than $200,000 per year, or a joint income of $300,000, in each of the last two years and expect to reasonably maintain the same level of income.
2) have a net worth exceeding $1 million, either individually or jointly with his or her spouse, not including their primary residence.