EB-5 offers green card (permanent residence) to entrepreneurs willing to invest $500,000 in a US firm that will create at least 10 full-time jobs. The programme covers investors’ immediate family (spouses and unmarried children up to age of 21).
LCR will deploy investors’ capital as five-year, secured loans, to raise capital for expansion of premier hospitality brands like the Four Seasons Hotels and top restaurant franchise brands like Dunkin’ Donuts. At the end of five years, investors get back their money in full.
Rogelio Caceres, co-founder and chief marketing officer of LCR Capital Partners, told The Sunday Standard that there is a lack of awareness about the EB-5 programme.
“In the past, we have raised capital for the Dunkin’ Donuts brand. Many of our investors are students, where parents donate the capital. To be eligible for the investment, there is not much of a requirement apart from the $500,000 to be paid upfront.
The investor should not have a criminal background and the money has to be completely ‘white’.
It can be money from savings, loan on property or gift from a relative, as long as it is legal. There are no specifications for skills required, language or age requirement,” Caceres added.
For the Four Seasons project, LCR aims to raise $100 million through the EB-5 route with 200 investor slots. Of these, 30 slots are reserved for investments from India. Till now, 12 slots have been allocated based on interest expressed from investors in Delhi, Mumbai, Chennai and Bengaluru.