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The company has paid more than 30 visits abroad since they conceptualized CN Global Partners in 2009. All of that travel is to create market awareness for foreign investors interested in seeking U.S. citizenship through the Immigrant Investor Program, more commonly known as EB-5.

CN Global Partners have embarked on many projects in its first four years, encompassing an array of businesses. Its entire business is based on the EB-5 program and recently EB-3 immigration worker projects.
We became involved in the EB-5 in 2009 as an outreach program developing proton therapy centers and patient networks, treating cancer in Seoul Korea and the US. Poling says, "I was promoting it as a humanity and economic driver early on hoping to save lives. We learned a lot about the EB-5 program as I advocated for it for other projects."

The process starts when CN Global partners receive proposals and business plans for projects. The company has an extensive economic network of underwriters who find deals that might qualify under EB-5.

"We vet them like any business," Poling says. "A project has to meet all the requirements, including job creation, and has to be a fit from a financial standpoint. Capital stack must be proven and solid. It has to make sense of a whole series of screens we go through." Selecting and providing business models are based on investor's perspective as well as a current business statement. Our projects are managed by experienced business experts with demonstrated history of related industry experience.

To obtain an EB-5 visa, foreign investors must make a minimum investment of US$1 million, or US$500,000 if it is within a high-unemployment area or rural area. Spouses and unmarried children of the investor who are under 21 are also eligible for green cards.

"This program is great given what's going on in the country," Poling says. "There is not a lot of money being invested anywhere and may be for some time. These are job-creating dollars."

"Whether the investment is in U.S. manufacturing or hospital cancer facilities or assisted living centers or whatever the investment, the primary interest of the investor is access to a U.S. education for their children, while experiencing the American dream of ownership and lifestyle" Poling says, "In spite of the challenges we have in this country, it's a great place and is viewed as very attractive. Education is much better here than in other parts of the world. These are high wealth and savoy people who would like to diversify their portfolio and that includes having options of living in other countries."

The mastery of it all is to receive board approval of immigration agencies abroad that have access to pre-qualify investors meeting both Chinese/Korea and US standards. Our agent network selects winners due to their extensive due diligence, compliance for approval and acceptance to USCIS.

Recruiting and working with agencies for the EB-5 program requires an exhausting effort, Poling says. "It's a difficult process lining up investors. You have cultural issues and certainly language issues. You have to be respectful of laws in other countries and you have to follow U.S. program laws. Each country is different, and it takes time for individuals to evaluate projects."

We are optimistic about the future of the EB-5 program, which was just renewed by Congress. "It's supported by both aisles of Congress, which is unusual these days. It's a great program and it's a difficult program. You have to be doing this full time to be successful, and you spend a lot of time overseas getting to know people who invest. It's a small piece of the immigration picture, but it's very bright. It brings influential people into our country and adds to our culture. It has possibilities to be a bigger program."

Our organization believes the EB-5 process is an excellent source of reasonably priced funds on solid projects.

 

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