EB-5 Investor Testimonial:
Felix from India

Thank you for taking some time to join us, Felix. To start with, could you briefly introduce yourself and share a little bit of information about your background and your journey and time in the United States so far?

Yeah. Sure, I can. I’m Felix Francis. I moved to the United States from Canada in 2017 for a professional opportunity. So it was work which brought me basically here, and the work aligned with my career goals. So I came over in 2017—August, I believe—and then my family joined me in 2019. And I’m in the biopharmaceutical sector or industry that I’m working in.

Yeah. So initially, I did not plan to stay in the U.S. long term. My expectation was to return to Canada after about three years, which is primarily the reason my family did not accompany me at first. But, however, as my work took me across different parts of the country, I began to appreciate the breadth and depth of opportunities that were available here in the U.S. And also, living in Massachusetts further influenced our thinking, especially as we realized that some of the best educational institutions are located here.

I had a chat with my wife—that was back in 2019 I guess—and I checked with her whether she would be interested in moving as well, because initially she thought I might be moving back maybe within a short period of time after I complete my project here. But then she was quite happy to know that things are moving well with me here. She applied for some jobs as she started exploring some professional opportunities in the greater Boston area. She’s in the life sciences industry as well, so she quickly found a role, which was an excellent fit. So she moved in here as well.

So being Canadians, we have a bit of an advantage here that we could utilize the USMCA treaty, or previously called as NAFTA. And under that, we have the TN visas, which is what we both applied for, and that’s what we used for the initial six years to work here. And other than TN, I did consider H-1B as a potential option.

First, I spoke to the attorney that my company was utilizing. They didn’t seem to have as much experience in the EB-5 field, so I started looking outside. I did consider quite a bit. I remember talking to you as well. And then I had a friend here who also suggested a few attorneys. I think at least I had 10, and then I scaled it down to five or six immigration attorneys, I believe. And then I think I contacted them, each of them, via email with a set of questions that I had.

I kind of knew what exactly I wanted to do. As I mentioned, I explored the H-1 opportunity, but I thought that was going to take some time. By the time I started exploring H-1, I think there were approximately like 800,000 applications coming in for the lottery. So I was like, “That’s not going to be helpful here.” So I focused my attention right away for EB-5, and then that’s how I proceeded with these attorneys.

So even before hiring my attorney, as I was going through the process of scaling down—and by the way, I went with Fred Voigtmann in California—I had begun organizing my documentation. I had a general understanding of the source of funds requirements for the EB process.

I would credit EB5AN here. I had been regularly watching the videos that you guys upload, reading the blogs that you’ve been publishing. Those are excellent sources of information and helped me prepare in advance actually.

Once I finalized my engagement, as I mentioned, with Fred, I don’t think it took more than four to five weeks to gather and submit all the required documentation for review. And since all my funds were sourced from Canada and the U.S., I had already maintained detailed records and receipts, which made the process significantly smoother, I would say. And Fred and his team were efficient in reviewing the documentation, providing timely feedback. I would say well within two months from the time we signed the contract to the time we submitted all the documents. I would say, yeah, two months.

There are a few points I would definitely highlight here. Look for someone who has specific EB-5 experience. As I mentioned here, I approached the law firm which my company was using, and they didn’t seem to have as much experience. And then based on my interviews with different types of EB-5 attorneys, I found out that they had different or varied types of experiences. So having a very specific EB-5 experience definitely helps.

I would say consult multiple attorneys. Compare their responsiveness, their level of engagement, etc.

Most importantly, I would say evaluate your risk from a few aspects in terms of source of funds and documentation that you would be providing. What’s the level of understanding of the attorneys in relation to the tax codes? It’s not that they need to know the complete tax codes or anything, but they should have been exposed to those things so that they understand what’s in there. Also risk from the perspective of what do you want to choose—do you want to choose rural versus urban and why do you want to choose that, timelines associated with each of these processes, and whether you’re interested more in just getting your EAD and getting your AP approved or you’re okay with urban where you would still get your EAD and AP but maybe not your Green Card as quickly as possible because your kids probably are already Green Card holders, so you have some time or you have a runway there.

I would suggest prepare some set of questions for sure—so just watching the videos, which I did, uploaded by EB5AN on what to ask. And ask for reference if available, I would say.

So I’d been looking at this whole process for a while—I think since 2023. And also, I had a good friend of mine who had suggested a few options. And then I think it was 2023, yeah, I had been in touch with you guys, I believe. I started watching the videos that you guys regularly upload, the blogs that you guys generally publish. I started reading up.

And then I was looking at other regional centers at the same time, but one of the things which stood out was that I found that some of the other regional centers, they were not as clear or consistent in their communication. Some regional centers marketed themselves as even offering boutique, personalized services, but they lacked the track record to substantiate their claims basically.

What else did I do? I think once I’d gotten used to you guys, when I started reading up stuff and attending webinars, I was kind of clear as to why I was steering towards EB5AN. Also, the variety of projects or the options that were available, ranging from rural TEA to urban TEA investments, some of them were quite tailor-made opportunities, I would say. And it was fitting my immigration strategy, so I thought I would go with EB5AN.

Yeah, sure. So several factors guided me in my project selection. One of them was going to be … It was important that it was a rural TEA designation. That was primarily because rural TEA are prioritized over some of the other projects, and I could also take advantage of the lower investment threshold prior to processing benefits. That’s what I wanted to focus on.

Another important aspect was shortest capital engagement term, for example. I was focused on selecting a project where the capital commitment timeline, etc., was shortest but still met the USCIS requirements.

The developer had to be reputable. If possible, the exemplar approval for the project, that was important as well. And the job creation obviously—that’s the central point—so whether these projects had the job creation as they claimed done. These were some of the key things that I was focusing on.

This was way back in July, and at that time, I think Snake River, you guys had just submitted the documentation for the Snake River project. There was no exemplar approval at the point, but it met the majority of other key factors that I was looking at. I wanted to make sure that the money that I would be investing, it was promptly put to work, ensuring the loan term began early. So for the rural project of Snake River, I found out that that was perfect. That fit the bill. So that was one of the reasons I went with the Snake River rural project.

So that’s a very important question, because as I mentioned, we are Canadians. Both my kids were born in Canada. Now I wanted to make sure that I could give them the benefit of the EB-5 immediately, because my eldest one, she’s going to be going to university this year, and I wanted to make sure that she didn’t have to jump through the hoops or go through the F-1 visa process and such. So I wanted to go for something which would give me a clear pathway for her.

And rural TEA obviously gave me that opportunity over urban. And that did really help us, because this year when she moves over to university, she already has her EAD and her AP approved and 526 approved. We are just waiting for her conditional Green Card to arrive. So this gives her a better picture. It’s more secure for her at this point in time.

That is correct. That is correct.

I would say eight and a half months, close to eight and a half months. Yeah, that was the time period, from the time of submission to approval.

Yes, absolutely. As I mentioned, the central premise of the EB-5 program itself is to stimulate the U.S. economy through investment and job creation. So job creation was definitely a major factor in decision-making.

The Snake River project I think met this criteria. The information brochure that was provided clearly listed what all has been achieved and what the plan was, the loan term and everything and how long the project is going to be. And knowing that the job creation targets were already met significantly reduced the risk, and that added confidence to my choice.

Yeah. So working with you guys—specifically you, Sam, and your team—that was amazing. Each step of the process was pretty clearly laid out, I would say. As I mentioned before, an enormous amount of educational resources to guide someone novice like me—the webinars, the blog posts, the documentation. It was a well-informed decision that I made, and I made it with confidence.

Also, each team member thereafter, after the initial meetings with you for documentation purposes and for transfer of money to the escrow account and such, every team member I interacted with, they were aligned with your organization’s goal, demonstrated prompt, professional communication. I was really happy.

Yeah, sure. So for other investors, if you have determined that the EB-5 program is your pathway for your permanent residency, I would say don’t delay—act quickly because of potential changes that potentially could be introduced through either administrative or congressional divisions, I would say. It’s important that you read up what’s happening.

One benefit is that you can begin the process with a partial investment and commit to funding, which is exactly what I did. The balance could be done within a reasonable timeframe. I did take benefit of that opportunity.

And then I would say conduct research. Compare multiple EB-5 regional centers. Look at their history, transparency. Approval track record is very important, I would say. Investor testimonials. Select the project that aligns with your individual priorities. For instance, some may prioritize shorter capital commitment or better financial results. In my case, selecting a rural TEA project made the most sense due to priority processing and lower investment thresholds.

This journey definitely lasts several years, and things can change. As of now, USCIS seems to be operating relatively close to published timelines, which presents an opportunity window that may not last, I’m assuming. It’s important to spend time selecting the right immigration attorney, the right regional center. They’re your key partners in navigating this complex process. So yeah, those are important things to consider, I would say.

Absolutely, yes. I would definitely recommend both my EB-5 regional partner as well as my immigration attorney.

As I’ve mentioned, I went through a selection process where I interviewed multiple different immigration attorneys. Everyone was great. I could have worked with either of them, especially the ones you had recommended. But it was very specific to my needs that I chose Fred.

When it comes to EB5AN partners, certainly the choice of projects that you guys offer is definitely enormous. You can pick and choose where you want to put your money in. The security associated with EB5AN, the track record for sure, and the service in terms of people helping you out with documentation or any other requirement—I would certainly recommend.