Wealthy South Africans can obtain a green card for themselves and their family by investing in a Dunkin’ Donuts USA lending program
LCR Capital opens regional branch and invites locals to apply for EB5-5 visa
Cape Town, 8th August 2016: Wealthy South Africans with $500k to spare can obtain a green card for themselves and their immediate families to the United States through the United States Citizenship and Immigration Services (USCIS) administered EB-5 investor by LCR Capital – a partner -owned, private equity investment rm- affords High Net Worth (HNW) individuals the opportunity to become US citizens by investing into US-based businesses to create jobs in that country. LCR Captial is based in Westport, Connecticut and has offices in Sao Paulo, Shanghai, Mumbai and now also representation in Cape Town
Gaining polarity among emerging markets, only 10 000 EB-5s are made available per annum world-wide by the US Government.
Douglas van der Merwe, LCR Capital’s local representative says, “The Us immigration system has traditionally not been ideal fit for South African businessmen and investors who want to relocate to the US. Many countries have investment treaties that enable their nationals to obtain treaty investor visa status and immigrate to the US based upon their investments. South Africa does not. Fortunately there is a solution for wealthy South Africans in the form of the EB-5.”
Popular in Asia, the EB-5 visa programme allows investors who wants to relocate their family to the US, or to provide their children education or job opportunities in the US, to obtain a green card. If approved they’ll receive temporary US green card within 12 – 18 months and a permanent one two to three years later
“Investors can immigrate, buy property, set-up business and send their children to top schools and universities across the country at reduced ‘in-state’ tuition fees. They may also qualify to merit-based scholarship and awards reserved for the US residents and citizens,” explains van der Merwe.
The $500k investment, which must be for a minimum of 5 years, after which it redeemed with interest, is in the form of a limited partnership investment that will in turn provide senior secured loans to partially finance the construction if new Dunkin’ Donuts restaurants in the US. Dunkin’ Donuts is a quick services restaurant chain that mainly sells coffee (second only to Starbucks in the US. The company has representation in 36 countries and plans to launch in Cape Town and Johannesburg later this year,
US listed Dunkin’ Donuts is the seventh largest restaurant chain in the United States” says van der Merwe. ” With 8,000 stores in the US alone and 11 0000 worldwide, it is a defensible, established and sustainable business model. Investors’ fund will assist Dunkin’ Donuts with future expansion plans across the south of the US.”
Investment immigration programmes have become popular in South Africa in recent years with, Malta, Cyprus, Portugal and Dominica, among other, offering programmes to acquire foreign passport. Investment amounts range between € 150,000 to € 5-million can be used to invest in government bonds, property or local enterprise, depending on the country.
While purchasing a US green card is relatively “affordable” against other countries’ requirement, its minimum . investment is likely to increase significantly in early 2017.”If investors are considering oermanent residency in the US, it is advised to apply and get started on the EB-5 application process before the $500k amount changes,” suggests van der Merwe.
Launched in 2012, LCR Capital assists high-net worth clients in emerging markets, including Brazil Chinga and India, acquire US permanent residency through the facilitation of the EB-5 programme.Its senior management team has an established track record having servedaat 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