Globevisa participated in the IIUSA EB-5 Industry Forum 2024 Panel titled “Post-RIA Investor Markets Overview: New Opportunities.”
In 2022, Chen observed the introduction of the RIA (The EB-5 Reform and Integrity Act of 2022) and recognized it as an excellent chance to re-launch Globevisa’s EB-5 program. Founded in 2002 in Beijing, China, by Henry and Melvin with a small team, Globevisa initially offered solely a Canada Immigration program. With 22 years of industry experience, the firm now boasts over a hundred immigration programs, 19 offices in mainland China, 19 more outside mainland China, and a staff exceeding 800 members worldwide. Despite the December 2022 relaunch of the EB-5 program, it swiftly rose to become Globevisa’s top program by 2023.
Policy Change in Turkish Citizenship by Investment, but not rising price
The Turkish Citizenship by Investment program, launched in 2017, has undergone several policy changes in its seven-year existence: – In January 2017, the Turkish government enacted a citizenship-by-investment law, allowing individuals to invest $1 million in real estate, and $3 million in deposits for a three-year term to qualify for citizenship.
Caution advised – How to select EB-5 projects under new USCIS’s two-year investment period guidance
Earlier in October, the United States Citizenship and Immigration Services (USCIS) issued new guidance indicating that maintaining an investment for a minimum of two years is now deemed sufficient. This directive supersedes the established practice of adhering to a consistent investment cycle lasting a minimum of five years, with the possibility of one-to-two-year extensions.
