(Dallas, Texas) March 27, 2014 – Encore Global Investment Management, LLC, a division of the Dallas-based Encore Enterprises, Inc., has announced the approval of the New York/New Jersey and the Colorado Regional Centers.
“We are delighted to have gained these approvals from the United States Citizenship and Immigration Services,” said Shae Armstrong, Legal Counsel of Encore Global Investment Management, LLC. “With job creating investments already underway, these approvals are yet another step in our plan to build a best-in-class EB-5 capital company.”
The EB-5 Employment-Creation Immigrant Visa Category was created by the United States Citizenship and Immigration Service (USCIS) in 1990 to provide accredited foreign individuals with an opportunity to achieve conditional and permanent resident status by investing lawfully acquired funds (at least $500,000 within a rural area or one of high unemployment, or $1 million anywhere else) in a regional center approved by USCIS. To qualify, each investor must directly or indirectly, through the regional center, create ten full-time jobs in the United States. In exchange for this investment, the investor may be able to obtain an EB-5 Visa, providing permanent residency status for the investor, his or her spouse, and unmarried children under 21 years of age.
“We are tremendously eager to expand into Colorado and the New York Metropolitan area,” said Bharat Sangani, Chairman of Encore Enterprises. “The funds will go towards the construction of facilities encompassing a variety of industries including hospitality and retail, in order to promote regional economic growth and increase employment in each community.”
The Encore Regional Center network platform has been organized to attract foreign capital through the EB-5 program, with the intention of developing multiple new commercial enterprises and job-creating entities throughout Regional Center areas.
About Encore Global Investment Management, LLC
Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for accredited foreign nationals seeking to obtain permanent residency status in the United States through its network of ten Regional Centers. The company focuses on developing and/or funding commercial real estate projects related to retail, hospitality, multi-family, and office facilities. For more information, visit www.EncoreEB5.com or call 214-259-7021. Disclaimer: Not every investment is safe, not every investment in a regional center will ultimately result in green card status, and not every investment will produce a profit.