On May 14, 15, and 17, Worldway Group held a national tour of seminars on real estate tax and investment immigration in Beijing, Qingdao, and Shenzhen, respectively. U.S. investment immigration attorney Mr. James Park, South Dakota Regional Center Chairman Mr. Joop Bollen, cross-border tax expert Mr. Peter Lu, and U.S. real estate expert Mr. Kelvin Chen attended the events with prospective U.S. immigrants and witnessed the official announcement of the South Dakota EB-5 Project #20: South Dakota Turkey Processing Project in China.
The total investment for the South Dakota Turkey Processing Project is 105 million RMB, with a project term of 5 years. The borrower is Dakota Gobblers / Hutterite Colony LLC, with a loan amount of 46 million USD and 92 quotas 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, and Project II involves several independent limited liability companies established by Hutterite colonies (approximately 7 LLCs), which are engaged in the supply of poultry/livestock (including turkeys and hogs). Meanwhile, the development of the project will directly or indirectly create more than 10 times the number of jobs required by the U.S. Citizenship and Immigration Services (USCIS), ensuring that investors fully comply with relevant regulations and achieve their immigration goals.
At the seminar, U.S. immigration attorney Mr. James Park explained the structure of the U.S. EB-5 project: a 500,000 USD investment, the creation of at least 10 jobs for U.S. citizens, and the removal of conditions on the I-829 petition two years after landing. Mr. James Park is a Korean-American who obtained his U.S. professional attorney license in 1996. He is a leading immigration attorney in South Dakota and has been working in international immigration law for nearly 20 years. His law firm, Hanul, is responsible for the legal review of all EB-5 projects in South Dakota, including the South Dakota Turkey Processing Project released at the seminar. To date, he has helped over 750 applicants successfully pass their I-526 petitions, a figure that accounts for 15% of all EB-5 applicants in the United States. Furthermore, all his applicants have been approved on the first attempt, with zero rejections.
South Dakota Regional Center Chairman Mr. Joop Bollen, as the project representative for the South Dakota EB-5 Project #20: South Dakota Turkey Processing Project, attended the event and announced the granting of the honorary qualification for the Greater China launch of the project to Worldway Group, which will be responsible for the project's promotion 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 and has helped over 600 investment immigration families gain approval for their I-526 petitions from the USCIS. The 19 EB-5 projects he has developed have all achieved tremendous success. He subsequently introduced the major advantages of the South Dakota Turkey Project at the seminar:
1, The project can operate even without EB-5 funding. Unlike most regional centers in the U.S., the South Dakota Regional Center is directly managed by the state government. The state government invests heavily in local advantageous projects, and borrowing from EB-5 investors is only done because it offers the lowest financing cost in the process.
2, The state government's goal is to create jobs, not profit. This goal of the state government aligns with that of the federal government, which ensures that the project is absolutely supported by the government. As long as the government remains stable, the project will proceed smoothly.
3, Before developing any EB-5 project in South Dakota, the government considers the long-term stimulus to the state's economy. The Turkey Processing Project partner, Dakota Foods, is one of the largest chicken and pork suppliers in the U.S., and large supermarket chains like Walmart have always been its primary distribution channels.
4, Strong investment return guarantees. The project provides a loan with a cap of 46 million USD to a project valued at over 100 million USD. The loan is secured by the project's construction and land as first-priority collateral, and is guaranteed by Dakota Foods and the participating Hutterite colonies, with a total net worth of the guaranteeing companies exceeding 400 million USD. The loan is also secured by 5 square miles of high-quality farmland with a conservative valuation of 10 million USD.
The strong partnership between Worldway Group and South Dakota at this seminar brings a "feast" of U.S. investment immigration to investors and is bound to set off another wave of investment immigration in China. Interested investors are encouraged to follow the Worldway website or call 400 0909 899 to contact Worldway immigration experts for detailed information.
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