“The government is deeply involved, fully participates, guarantees with an AAA state credit rating, and the bond financing is highly transparent.” Recently, Worldway Immigration Agency, in collaboration with the U.S. Investment Immigration Regional Center, has launched the Maryland State Government Office Building Reconstruction Project. With various favorable advantages, the project has been highly sought after by investment immigration clients upon its release. Moreover, as the sole chief agent for this project in China, Worldway has negotiated in-depth with the project officials, and the regional center has decided to establish a new dedicated project account to achieve dual supervision of project funds.
Multiple Favorable Advantages of the Project
The total investment for the Maryland State Government Office Building Reconstruction Project is $230 million, which will be used to rebuild the Maryland State Government Office Building to meet the office needs of over 3,500 employees from 16 state government departments. The project is fully participated in and deeply involved by the government, which provides funding and support to ensure the continuous operation of the project;
According to economists, the project will create 2,428 job opportunities, exceeding the immigration bureau's requirement by 87%, ensuring that investment immigration clients can smoothly lift the I-829 green card conditions;
In addition, of the total investment cost of $230 million, 72% will be managed by the well-known U.S. bond issuer CGA. With its successful experience in issuing over $12 billion in bonds, CGA promises to complete $135 million in financing within 30-45 days, with any unfinished portion underwritten by itself, ensuring that project funds are fully in place on time for the smooth launch of the project.
Innovative Dual Supervision of Accounts Guarantees Fund Security
The Maryland State Government Office Building Reconstruction Project is distinguished from other U.S. EB-5 projects by being considered one of the safest investments. This is because, in addition to establishing a project supervision account for the I-526 review process, a special dedicated project account has also been established.
As is well known, the application process for U.S. EB-5 projects requires clients to submit their application materials to immigration lawyers for review. Once approved, the investment funds must be transferred to the project supervision account. Subsequently, the immigration lawyers will submit the client's application materials to the U.S. Citizenship and Immigration Services for review. If the I-526 review is approved, the client's investment funds will be transferred from the project supervision account to the project party's account. If not approved, the investment funds will be returned to the investor from the supervision account.
In the Maryland State Government Office Building Reconstruction Project, the advantage of the dual supervision account is that once the client's application materials are approved by the U.S. Citizenship and Immigration Services, the original project supervision account in the I-526 review process will first transfer the client's investment funds to this specially established dedicated project account, rather than directly to the project party's account as in other U.S. EB-5 projects.
This dedicated project account consists of government funds, bond financing, and EB-5 investment funds. Only when all three parties' funds are in place will the dedicated project account invest the funds into the project. If any one party's funds are not in place, the investor has the right to apply for withdrawal of investment and recovery of funds, avoiding the risk of promised funds not being in place, project suspension, and previous investors facing investment risks.
Furthermore, the dedicated project account transfers funds to the developer in batches according to project progress, rather than in a lump sum, which also prevents the misappropriation of funds by investment immigration clients. All these measures fully ensure the security of investment immigration clients' funds.
With multiple security guarantees, the Maryland State Government Office Building Reconstruction Project has become a rare hot project in the recent U.S. immigration market. For more information about the project, please follow the Worldway website or call: 400 0909 899!
