As the co-founder of the New York City Regional Center (NYCRC), New York City’s first EB-5 Regional Center, Sandra Dyche has seen how important foreign investment is to American economic growth. Sandra Dyche developed the idea of forming a Regional Center in the New York City area, and she drove efforts to seek government approval from United States Citizenship Services and Immigration Services (USCIS).
Q: What is the EB-5 Regional Center program?
Sandra Dyche: The EB-5 Regional Center program was launched by Congress to spur economic growth by attracting foreign investment. It also provides foreign entrepreneurs and their families the opportunity to gain permanent residency in the United States. Congress mandates that a certain number of green cards be offered each year to foreign entrepreneurs who invest in these Regional Centers.
Q: What is the mission of the organization “Asian Women in Business?”
Sandra Dyche: Asian Women in Business (AWIB) is the only nonprofit organization in the United States for Asian women entrepreneurs. It was founded in 1995 with the primary mission of helping women’s business dreams become a reality. To draw attention to their achievements, the annual leadership dinner honors Asian women in business that have attained a certain measure of leadership and success while acting as role models in the community.
According to real estate investment expert Sandra Dyche, the Federal Immigration EB-5 program requires that the immigrant investor seeking a U.S. green card file a petition known as form I-526 along with supporting documentation in order to be eligible for an EB-5 visa. The I-526 petition is for an immigrant investor who seeks a conditional U.S. green card valid for two years.
China employs strict currency regulations that are designed to prevent large amounts of currency moving out of the country. Chinese nationals face a US $50,000 annual ceiling when exchanging RMB into foreign currencies while foreign nationals do not face such restrictions.
Q: What is the most efficient and effective way of transferring money for EB-5 investment?
Sandra Dyche: The investor sends money to a trusted friend or family member, asking the individual to send the chosen amount of money to the investor’s U.S. account.
Q: How often does South Korea participate in the EB-5 immigration investor program?
Sandra Dyche: South Korea was the largest EB-5 market three years ago until China surpassed it. However, South Korea continues to be the second largest market for the EB-5 program in the United States. In fact, Seoul, the country’s capital and largest city, is currently the fourth largest metropolitan economy in the world, after New York City, Los Angeles and Tokyo.
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