Immigration Investment
CWB - EB-5 Questions and Answers

The CWB EB-5 Visa partnership provides the investor and family with the most flexible and complete opportunity to a US green card based on a US investment.

The CWB policy is to accept EB-5 investor partners funds into a trust or escrow account pending visa petition approval. (Except for the fees – see section on fees below) The visa petition process at this time, is taking approximately two months from the time funds are deposited and paperwork is filed. Once funds are deposited into the trust account, the funds will only be released after your visa petition application has been accepted. If the visa petition is not accepted, the investor will be given the option to have their money returned, or if they choose, they can continue as a partner in one of the CWB projects and to continue in the relationship with CWB.

The primary business activity of CWB in the USA is in the structuring of business partnerships in the medical health care and wellness service and products industry. (i.e. Medical & Day Spa Clinics with acupuncture, chiropractic, skin & body anti-aging and beauty services and products). Most of the capital injected into the CWB projects comes from investor partners who also are seeking an immigration benefit; this creates partnerships of mutual interests, understanding and objectives

Investors participate in this program based on the fact that CWB offers a unique opportunity for its foreign investors and their family to come to the United States, be placed in a company, or partnership of their own which is designed by CWB with programs to facilitate learning the language (English) while also being assisted by CWB to learn the management and business dynamics of their new business. The CWB investor support program is designed to help the investor ( EB-5 applicant and family) file their visa petition application, and during the two years they are running their business, and then through the final review process where they apply for permanent residence. CWB assists the investor with meeting the minimum 10 employee requirement, and the other business requirements. As far as we know, no other investment management group has such a comprehensive program to help its investors integrate into society and the business community as CWB.

The US government requires that you commit your capital as any other investor. Nevertheless, If for some reason, your initial visa petition is not approved by INS, the CWB contract with you offers to refund your investment. CWB creates successful opportunities for its investors, and in turn its investment partners, tell their friends about the program which increases the long term success of the CWB partnerships. (Some CWB investors are more interested in the business partnerships than the visa option, so they choose to invest in the projects without considering the visa program at all.)

Although the regulations permit escrow - trust arrangements we find that INS looks more favorably on petitions based on a completed investment rather than a pending one.

Q: How does the partnership distribute income?
Each partnership distributes profits to its investors quarterly or yearly depending on the wishes of the investing partners and their tax situation. The distributions are based on the period’s gross revenue income net of expenses. Investors receive a profit and loss statement with that period’s distribution. At the end of the year the partnership issues a summary report along with Internal Revenue Service form K-1. Form K-1 details your yearly income and expenses. Your accountant will require form K-1 to prepare your US annual tax return.

Q: What documents must I prepare to process my visa petition?
You must prepare complete biographical information for each applicant. (CWB can provide you the forms and help you through this process) The principal applicant (you) must prove the source of the investment funds. To prove the source of investment funds, INS requires five years of tax returns, five years of bank records, proof of ownership in any businesses, financial statements for each business and business licenses. The idea is to present a track record of an honest course of dealing. If your money came from a specific transaction, such as sale of a house, inheritance or gift, you must prove the transaction occurred, by providing an official document, such as a closing statement or contract or other official documents. The items mentioned above, does not include cover everything the INS may request. Other documents may be required and these requests simply vary on a case-by-case basis.

Q: What issues have been problematic in EB-5 cases?
CWB uses a similar investment model for each investor, INS has approved such investment models and CWB is confident that INS will approve our investor’s visa petitions based on the CWB business model. As referred to above, the most common problem for investors has been that they do not provide enough documentation of the source of funds. Many people try to disclose the least possible information only to have the file returned with a request for further information. It is better to provide too much information rather than too little information. Because of the recent terror alerts, governments are suspicions about money laundering, this is one reason CWB encourages you to make sure the investor has a well documented source of funds.

Q: How long does INS take to process my visa petition?
Though we mention above the average time for processing an application is approximately two months, the processing times vary from as little as a few weeks to as much as eight months. CWB cannot predict or promise a particular processing time. CWB will make every effort to expedite the filing and approval process.

Q: What are the processing procedures?
A general outline of the application process follows:

Step 1) a) Complete the CWB application and provide the requested document, and b) wire funds into the CWB trust account. c) Then CWB’s legal team will begin the process by immediately Filing form I-526 Petition for Alien Entrepreneur with the California Service Center. This petition requests INS to certify the applicant and the investment as eligible for EB-5 visa status.

Step 2) Upon approval of the I-526 petition, (a) if you are in the United States CWB will assist you in applying for an Adjustment of Status to Permanent Residence by sending form I-485 and supporting documents to the INS regional processing center nearest your US residence. (b) If you are abroad you must wait for notification from CWB and the Embassy in your home country to prepare documents for the visa interview. CWB and its legal team will then help you prepare for the interview. The purpose of the Adjustment of Status or consulate visa interview is to make sure you are not subject to a grounds of exclusion, e.g. a criminal past, infectious diseases, etc.

Step 3) Upon approval CWB will notify you that you will be receiving a form showing your petition has been approved, and your travel document. You will also receive the temporary green card in the mail. If you are abroad CWB will help you arrange to enter the US shortly after the date of the Embassy approval. Once you arrive to the US, CWB will assist you (and your family) with finding housing, introduce you to the employees that will be working for you, and help you learn English, and help you learn to manage and operate your new business.

Step 4) After two years, CWB will assist you in filing for removal of conditions or your permanent green card using Form I-829. This procedure permits INS to verify that your business is still operating within the conditions of the EB-5 visa requirements.

Q: What are the fees?
The fees CWB charges are appropriate and reasonable when the investor considers that the CWB program is designed to assist the investor and family, and new business from the time of the initial investment, through the two year period, to the time when the investor applies for Permanent Residence.

Q: How can I receive further information?
If you require any clarifications please take the liberty to contact please email us at: CWBPARTNER@gmail.com or phone +1.415.441-2015 or Fax to +1.415.441-3204.