The Chopras Group, U.S. Immigration Fund to raise US $125mn by 2018 from India for invest in US
Bangalore, November 7th, 2017: The Chopras Group (The Chopras) a leading education group and U.S. Immigration Fund (USIF), America’s leading foreign direct investment firm in the business of raising EB-5 capital, today, said they aim to help 250 Indian investors immigrate to the United States through the EB-5 program by raising $125mn in foreign investment from India over the next 15 months. The capital is being raised for investments in key real estate projects across the United States as part of the EB-5 visa program which facilitates foreign investors to obtain a U.S. visa for them and their family. Funds raised from investors will be deployed in various current and upcoming commercial and residential real estate projects by leading developers and backed by prominent senior lenders. Previous USIF projects have been backed by major financial institutions including Blackrock, Wells Fargo and J.P. Morgan.
USIF and The Choprasexpect to secure 200 investors through 2018 having seen significant demandsince the launch of the partnership in late September 2017. USIF has beenactively working in the market since the beginning of 2017 and expects to raise$50mn by year-end. EB-5 visas for Indians have steadily increased over the lastfew years with 76 Indian EB-5 visas issued in 2012 to 149 visas issued in 2016. Chairman and CEO of U.S. Immigration Fund,Nicholas A. Mastroianni II said, “Our partnership with the Chopras has allowed us togrow exponentially over the last six weeks and gives us the confidence to moveforward and set clear milestones for ourselves for the next 12-15 months. Ourintent is to gain majority market share in EB-5 capital raised from India andwe strongly believe this can be accomplished as the market is expected to growsignificantly. The Chopras’ credibility is an asset for us and truly providesassurances and comfort to our EB-5 investor families as they embark on whatcould otherwise be a very complex and difficult journey. The Chopras’impeccable reputation, breadth and depth of service offerings, and longstandinghistory throughout India will allow us to reach families across the countryenabling us to better assist them with immigration aspirations for themselvesand their children.”
The Chopras havesupported USIF in building a large platform for EB-5 and establishing adedicated infrastructure for the offering across all their 26 offices in majorcities including Delhi, Mumbai, Bangalore, Hyderabad and Ludhiana. Theseoperations will include Investor Relations and backend operations to supportand educate investors through the entire EB-5 process. To date, investorinterest and investment has primarily come from Delhi and Mumbai. However,following direct outreach and investor education programs undertaken by TheChopras and USIF, strong interest from regions like Punjab, Bangalore, Pune andHyderabad has surfaced.
The Chopras and USIFare rapidly developing their partnership throughout India to lead the frontierof the EB-5 Investor visa program and help educate potential investors throughtheir seminars. After a successful series of events in September and October, theirteams are now scheduled to meet with investors in a series of Global EducationInteract events alongside exclusive seminars in 8 major cities throughoutNovember and December 2017.These seminars enlighten potential investors on thehistory of EB-5, its benefits compared to other visa categories, how to choosea regional center, perform due diligence, and procure methods to protectinvestments. Both firms are makingprogress very quickly to establish a nationwide infrastructure to manage theclient needs from start to finish in the execution of the EB-5 investmentprogram.
“The United States attracts the best and the brightest from India, withmobility of students climbing to almost 50,000 every year. Student decisions oncountries and programs strongly align with desired career outcomes and futureobjectives, and the EB-5 program is a strong route for advancing future opportunity.We’ve already witnessed significant demand for our offering since the roll outof our partnership six weeks ago, with many interested in the program forbusiness expansion, employability and, of course, higher education.Overall, the offering provides freedom and flexibility to many aiming tobuild a global future for their families in an emerging India”, said Shan Chopra, Managing Partner, The ChoprasGroup.
Potential investors also have the opportunity toattend one-on-one meetings with The Chopras Team, a regional centerrepresentative, and an immigration attorney partner. This allows potentialinvestors to ask questions about the EB-5 program and begin their path toresidency in the U.S. Theseone-on-one meeting are available in all 26 offices operated by The Choprasacross 20 cities, and growing, including Ludhiana, Delhi, Mumbai, Bangalore andmore. The EB-5 Program wascreated by the U.S. Congress in 1990 to enable high net worth Foreign Investorsto obtain a U.S. visa for themselves and their immediate family by investing aminimum of $500,000 in a U.S. business that will benefit the economy and create10 jobs for American workers. As per data available from the Department ofState and USICS, while 65,992 I-526 approvals were received for the period1991-2016, more than 60% of approvals have come since 2014.
“The EB-5 Program has helped tens of thousands of families across theworld successfully migrate to the U.S. Whether people are looking for theirchildren to receive an education in America, pursue employment opportunities orstart a new chapter of their life residing abroad, the EB-5 Program has provento be the most efficient means for pursuing one’s life and goals in the UnitedStates.” added NicholasMastroianni III, President of U.S. Immigration Fund. The latest scheduleof events, where you can learn more about the EB-5 Program and its benefits forIndian investors, is available at www.visaeb-5.com andwww.thechopras.com/USIF-EB-5.