On May 14, 15, and 17, Worldway Group held a national roadshow series on real estate tax and investment immigration in Beijing, Qingdao, and Shenzhen. Attendees included renowned US investment immigration attorney Mr. James Park, Chairman of the South Dakota Regional Center Mr. Joop Bollen, China-US cross-border tax expert Mr. Peter Lu, and US real estate expert Mr. Kelvin Chen. They joined prospective US immigration candidates to witness the announcement of the China launch of the South Dakota Project #20 — the South Dakota Turkey Processing Project.
The South Dakota Turkey Processing Project has a total investment of $105 million with a project term of 5 years. The borrower is Dakota Gobblers / Hutterite Colony LLC, with a loan amount of $52 million and 104 quotas allocated for the Chinese market. The loan will be used to invest in poultry/livestock farming and processing facilities. The financing project consists of two separate parts: Project I and Project II. Project I is owned and operated by Dakota Gobblers, while Project II involves independent limited liability companies established by several Hutterite colonies (approximately 7 LLCs) engaged in the supply of poultry/livestock (including turkeys and edible hogs). Meanwhile, the development of the project will directly or indirectly create over 10 times the number of jobs required by the US Citizenship and Immigration Services, enabling investors to fully comply with relevant regulations and achieve their immigration goals.
At the seminar, US immigration attorney Mr. James Park explained the structure of the US EB-5 project: a $500,000 investment, the creation of at least 10 jobs for US workers, and the removal of conditions on the I-829 petition two years after landing. Mr. James Park is a Korean-American who obtained his US professional attorney qualification in 1996. As a leading immigration attorney in South Dakota, he has specialized in international immigration law for nearly 20 years. His firm, Hanul Law Office, is responsible for the legal approval of all EB-5 projects in South Dakota, including the South Dakota Turkey Processing Project released during the seminar. To date, he has helped over 750 applicants successfully pass their I-526 petitions, a figure representing 15% of all EB-5 applicants in the US. Notably, all his applicants have been approved on the first attempt with zero rejections.
Chairman of the South Dakota Regional Center, Mr. Joop Bollen, attended the event as the project leader for the South Dakota Project #20 — the South Dakota Turkey Processing Project. He announced the granting of the honor of the Greater China launch to Worldway Group, tasking them with the promotion of the project in China. Mr. Joop Bollen is a former official of the South Dakota Department of Commerce and one of the most senior experts in the field of investment immigration. He founded the South Dakota Regional Center, has helped over 600 investment immigration families obtain I-526 recognition from the US immigration authorities, and has seen 19 EB-5 projects he developed achieve great success. He subsequently introduced the key advantages of this South Dakota Turkey Project:
1. The project can operate even without EB-5 funding. Unlike the vast majority of regional centers in other US states, the South Dakota Regional Center is directly managed by the state government, which invests heavily in local competitive projects. Borrowing from EB-5 investors is chosen solely because it offers the lowest financing costs.
2. The goal of the state government is to create jobs rather than profits. This objective aligns with that of the federal government, which ensures that the project is firmly supported by the government; as long as the government remains stable, the project will proceed smoothly.
3. Before the development of any EB-5 project in South Dakota, the government considers the long-term stimulus to the state's economy. The project partner, Dakota Gobblers, is a major poultry and pork supplier in the US, with large supermarket chains such as Walmart serving as their primary distribution channels.
4. Strong investment return guarantees. The project provides a loan of up to $46 million for a project valued at over $100 million. The loan is secured by the project's buildings and land as first-priority collateral and is guaranteed by Dakota Gobblers and the participating Hutterite colonies, with a total combined net worth exceeding $400 million. The loan is further secured by 5 square miles of high-quality farmland, conservatively valued at $10 million.
The partnership between Worldway Group and South Dakota at this seminar brings a "feast" of US investment immigration opportunities to investors and is sure to spark a new wave of interest in investment immigration from China. Prospective investors are invited to follow the Worldway website or call 400 0909 899 to contact Worldway immigration experts for detailed information.
