Since its inception in 2012, WRCI continues to provide an unparalleled platform for US companies seeking alternative financing and employment staffing needs under the Employment-Based Preference (EB-5 and EB-3) programs. With an excellent track record of 100% I-526 approvals for our EB-5 projects, WRCI has grown to become known in the industry for managing secure and successful projects.
Investment Vision for the World
Providing US Companies Complete EB-5 and EB-3 Solutions
WRCI’s executive management team includes diverse professionals with over 40 years of combined experience in asset management, corporate finance and project development. Collectively the team brings over a decade of experience in the EB-5 and EB-3 industry. WRCI is the only EB-5 company that works exclusively with a publicly traded company in the New York Stock Exchange, for EB-5 financing.
At WRCI, we emphasize on the core components that are required to build a successful environment for our clients: due diligence, risk management and transparency. We devote our collective experiences and global network to develop a range of solutions that exceed our clients’ expectations. Our conservative management approach lays the foundation for preservation of capital and project completion.
Project Procurement and Analysis
Our team is dedicated to rigorous underwriting procedures to identify investment and immigration risks and to maintain compliance with related securities, immigration laws, and government agency policies. Our key goal is to develop the most effective and sustainable solutions for all our clients while identifying innovations in the marketplace.
EB-5 and EB-3 Consulting Team
Our expert consulting team consists of immigration attorneys, economists, certified public accountants, corporate finance specialists, securities experts and former government officials that collectively form our dream team. Our team’s track record and experience in their respective fields and our in-depth knowledge of the inner workings of USCIS and their adjudication process keeps us on the cutting edge of the ever changing immigration process.
EB-5 & EB-3 Immigration Visa
Be Part of the USA’s Economic Growth and Future Strength with the EB-5 Program
The Immigrant Investor Program known as EB-5 was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a pilot immigration program first enacted in 1992 foreign investors are allowed to invest $500,000 instead of $1,000,000 under original requirement of the program in new commercial enterprise through designated Regional Centers approved by USCIS for basis of promoting economic growth. Originally the EB-5 program required that each investor creates 10 full-time direct jobs for qualifying U.S. workers within two years of the initial investment, but with the addition of the pilot program, the investors are now allowed to calculate the indirect and induced jobs by applying approved economic models and methodologies to meet the job creation requirements. For this reason, currently over 90% of the EB-5 visa petitions are applied through the means of Regional Centers.
The EB-5 visa holders and their qualifying family members are granted conditional permanent residency in the form of a 2-year conditional green card after approval of their EB-5 visa petition. The conditional green card entitles the principal applicants and the qualified dependent family members to the same benefits that are offered to permanent residents of the U.S. In order to obtain conditional green card, a Form I-526 is submitted to the U.S. Citizenship and Immigration Services (“USCIS”).
Once the Form I-526 is approved, the principle applicant may file Form I-485 for adjustment of status in the U.S. (if currently present in the U.S. with valid visas) or by means of consulate processing to receive their conditional green cards. After 21 months from the receipt of the conditional green card, the principle applicants and their qualified family members may apply to remove the conditions of their green cards (Form I-829) and subsequently receive their unconditional permanent resident cards after approval of their petitions.
Please visit USCIS’s website for additional information on the EB-5 Program.
The EB-5 category requires an investment in a commercial enterprise that will employ 10 full-time US workers. Although the investor’s role cannot be completely passive, he or she does not have to be involved in the day-to-day management of the business unless he or she wants to do so. It is critically important that the investor be able to document the lawful source of investment funds, whether his or her own or funds given to him or her as a gift. The permanent residence obtained by the investor is conditional for two years and can be made permanent upon satisfying USCIS with evidence the investment proceeds have not been withdrawn and the requisite jobs have been created.
The Employment Based Third Preference, EB-3, is an immigrant visa category for permanent residency through employment in the United States. Employers in the United States can sponsor foreign nationals to fill job positions that are unfilled by qualified U.S. workers. The sponsor employer must file a labor certification petition with the Department of Labor certifying that no qualified US workers are available or willing to do the job that the foreign national will perform. Once the labor certification is approved by the Department of Labor, the employer must file a form I-140 with the United States Citizenship and Immigration Services on behalf of the foreign national worker so that he/she can immigrate to the United States under the EB-3 category. After the I-140 petition has been approved, the foreign national obtains an immigrant visa to legally immigrate and work in the United States. There are three categories under the EB-3 program, (1) skilled workers, (2) professionals and (3) unskilled workers.
Please visit USCIS’s website for additional information on the EB-3 Program.
Seyfarth Shaw LLP – Securities Law
Seyfarth Shaw LLP provides thoughtful, strategic, practical legal counsel to client companies and legal teams of all sizes. With more than 850 attorneys in the U.S., London, Shanghai, Melbourne and Sydney, Seyfarth offers a national platform and an international gateway to serve your changing business and legal needs in litigation, employment, corporate, real estate and employee benefits. Harnessing a cross-disciplinary group of attorneys, Seyfarth’s EB-5 Immigrant Investment Team (EB-5 Team) advises Regional Centers, developers, entrepreneurs, and lenders on the securities, corporate, real estate, and tax compliance issues that are essential to creating and maintaining successful Regional Centers and EB-5 projects. Seyfarth’s EB-5 Team is led by Angelo Paparelli, one of the nation’s preeminent immigration attorneys and repeatedly ranked among the top 25 EB-5 attorneys by EB-5 Investors Magazine. Seyfarth’s audit and investigative response team is headed by Christopher Robertson, a former senior counsel with the SEC’s Division of Enforcement in Washington D.C. The team is supported by a network of experienced attorneys across their national platform and in China.
Miller Mayer LLP – Immigration Law
For almost 20 years, Miller Mayer has provided exceptional counsel to regional centers, developers and individual EB-5 investors seeking EB-5 capital and visas. Miller Mayer has counseled EB-5 clients in raising over $3 billion in EB-5 funding for projects all around the United States, including New York, Vermont, California, Arizona, Nevada, Ohio, Texas, Florida, Colorado, Maryland and New Jersey. Its 35-person, 12-attorney EB-5 Practice Group is headed by Steve Yale-Loehr and Carolyn Lee, both widely recognized as preeminent authorities on EB-5 law.
California Energy Investment Center Regional Center
The CEIC was approved as an EB-5 Regional Center by the U.S. Citizenship and Immigration Service on August 11, 2009. Under the EB-5 Program the investors foreign nationals qualify for the lower investment threshold of $500,000 because the CEIC designated area qualifies as a Targeted Employment Area (TEA). The CEIC is an EB-5 Regional Center whose focus is on a spectrum of alternative energy and innovative technologies including: Solar Power; Biomass Fuel Conversion; Wind, Water, and Geothermal Power; Waste, Water, and Recyclables Recovery and related Environmental Technologies; Telehealth Technologies, including Remote Patient Monitoring, Data Streaming, Analytics and Security Systems; and Robotics. Certain of CEIC project companies are owned and operated by public companies, which allows investors to track information about the parent company through various means. The CEIC is managed by a full-time staff, including well-known professionals in the field of business planning and job creation.
Coachella Valley Economic Development
The Coachella Valley Economic Partnership, a regional public/private economic development organization, attracts, retains and expands business and improves the quality of the workforce. The Coachella Valley Economic Partnership (CVEP) has emerged as a vital innovator of regional business and workforce development initiatives.
The Coachella Valley Economic Partnership has assembled an elite and influential base of investors, many of whom sit on the Board of Directors, oversight committees, and issue-specific task forces. Investors contribute not only financially to the greater effort to achieve economic vitality for the region, but also to the brain trust that steers the development and execution of the Coachella Valley Economic Blueprint as well as programs for small business development and college and career readiness.
The partnership promotes a diversified, year-round economy by facilitating programs that stimulate job creation in key industries through business attraction, retention and expansion, and unites business and education leaders to create well-trained and educated future workforce.