Attorney Roger A. Bernstein Discusses Chinese Investors in the South Florida Real Estate Market

Chinese Investors in South Florida

In the most recent edition of The Real Deal Magazine, local immigration attorney, Roger A. Bernstein weighs in on Chinese Investors in the South Florida marketplace. Bernstein, owner of American Life Investments, an EB-5 Regional Center that finds investors for development projects, said that wealthy Chinese investors are just beginning to see Miami as an attractive location to invest their money. He believes that Da Tang and CCCC are going to encourage other Chinese developers to follow suit, noting that those developers, in turn, will attract Chinese real estate buyers. Bernstein said that the federal visa program “really creates a bridge between China and Miami. While the buying of a condo is not tied to EB-5 investments, investors making a loan to the developer for construction could possibly have an option to buy condos in the building. The condos are also being marketed in China.”

Bernstein believes that adding a Chinese buying market to South Florida’s real estate industry lessens the risk of volatility in Latin America and Europe, leading to an economic slowdown in the tri-county region.

“I think it’s a great thing for South Florida to have different, strong foreign groups investing in this marketplace. You will have a better economy and a healthier real estate market.”

Click here for the full article in The Real Deal Magazine.


 

You can find me on Google+ or Facebook if you have any EB-5 questions.

Does an Investor Have to Immigrate After receiving the Initial Immigrant Visa at the U.S. Consulate?

EB-5 Visa Attorney Roger Bernstein

A common question we receive from investors is, “Will I have to immigrate to the United States after receiving my initial immigrant visa at the U.S. Consulate?”

It’s a great question, but the answer can be a bit complicated.

Most Investors

Most investors will want to move to the United States once they’ve obtained their immigrant visa to re-establish their lives in the USA.

EB-5 as a Back-up Plan

However, there are some people who are participating in the EB-5 program for “insurance” purposes as a back-up plan in the event that business in their own country goes poorly. These people will eventually want to move to the United States. In this situation, the law requires that they immigrate within six months of acquiring the immigrant visa.

Re-entry Permit

Once the investor comes to the United States, he or she can file a “re-entry permit” which basically states that the investor has every intention to remain in the USA as a resident, but in the interim, for at least a two-year period, the investor will be participating in an endeavor that requires the investor to remain abroad. For example, the investor may be finalizing a complicated business transaction, or completing University studies – anything that requires the investor to remain outside of the United States.

Bottom Line

The bottom line is that it’s very possible to use the EB-5 visa as a “Plan B,” as long as there is a valid justification for why the investor is not immediately immigrating.


You can find me on Google+ or Facebook if you have any EB-5 questions.