USA IVY LEAGUE UNIVERSITIES AN OPTION FOR SOUTH AFRICAN EB-5 VISA HOLDERS CHILDREN
LCR Capital and Grant Thornton host EB-5 seminar in Jo’burg, Cape Town and Durban 24-28 October
Tertiary education in South Africa is in the spotlight as students across the country protest for #feesmustfall. Seeking free education and the scrapping of students debt, campuses from UJ to CPUT have erupted as hotspots of unlawful demonstrations, mass action, intimidation and, at times, violence.
This has led to suspension of classes and disruption to the academic year with some universities stating that students may be unable to finish their 2016 studies. Consequences may be significant, not least for the students who may suffer setbacks in entering the job market.
International study could thus be viable alternative. Yet in the United States for instance, many universities are capping he number of foreign students that a campus can accommodate.
Holders of an EB-5 visa however are treated as US citizens and can enter that country’s tertiary education system the same way locals do, greatly increasing their chances of acquiring a globally recognised Harvard, Penn or Columbia education, among others.
The EB-5 investor visa is administered through The United States Citizenship and Immigration Services (USCIS). It enables South Africans with $500k to invest into local US business development to obtain a green card for themselves and immediate family member to the United States.
Popular in China, Brazil and India, the programme has recently become available to South Africans through LCR Captial. Launched locally in August this year, it assist high-net worth clients in emerging markets acquire permanent US residency.
“On obtaining an EB-5, South Africans can immigrate, buy property, set-up a business and send their children to top schools and universities across the country at reduced “in-tate’ tuition. Fees can be significantly lower over a four-year period for US citizens that foreigners,”says LCR Capital’s Co-Founder Rogelio Caceres. EB-5 visa holders may alsi qualify for merit-based scholarship and awards reserved for US residents and citizens.
Only 10,00 EB-5s are made available wordwide by the United States each year. To obtain one as a South African, $500k is invested by LCR Capital into Dunkin’ Donuts franchise in the US to create jobs in that country.
Dunkin’ Donuts is a listed, quick-services restaurant chain that mainly sells coffee (second only to Starbucks in the US). It is the seventh largest chain in the United States and the company has represntation in 36 countries . It recently launched in South Africa.
If approved South Africans acquire an EB-5 visa, LCR Capital, together with Grant Thornton and Fragomen Immigration Specialists, will host workshop in Johannesburg, Cape Town and Durban between the 24th and 28th October. Guests are welcome to attend at no charge either at one-hour presentation sessions or can request a private meeting with the tax, legal and immigration experts. To register, visit LCR Capital’s South African Website.
LCR Capital was established in 2012 and its senior management team has an established track record having served many of the world’s premier organisations. McKinsey & Co, Credit Suisse< UBS and the US, Congress, among others.
For more information visit www.lcrcapital.com