SUNDAY, NOVEMBER 11, 2018

- Exactly 37 years ago, we said our final farewell to my dear paternal Uncle – Kehar Singh Braich.    

Erwin Singh Braich, along with a team of immigration and international business attorneys, architects, engineers, project managers, experts in the field of EB-5, and high ranking U.S. government officials, has both during, and since the second term of former President Barack Obama been monitoring very closely, as well as, tweaking the corporation’s multiple EB-5 projects.

Presently, our EB-5 team also includes senior executives, management personnel, and economists, local elected officials of municipalities, construction companies, accounting firms, and professional consultants. 

With the recent immigration proposal introduced by U.S. Senators, Tom Cotton (R-Arkansas) and David Perdue (R-Georgia), the RAISE Act (S.354) would give Congress the authority to raise the entrepreneur investor’s spend from $500,000 U.S. funds or $1,000,000 U.S. funds to $800,000 U.S. funds and $1,800,000 U.S. funds, respectively. No one knows with any accuracy when this change will be implemented; only that it is inevitable, and will likely occur at any time. 

The procedural advantages to our EB-5 model, which have been verified, are the following: 

• Based upon our non-participation with established Regional Centers, which typically adds 28 months or longer (minimum) in gaining approvals, we have no wait times in order to proceed. Through us, foreign entrepreneurs may secure their Green Card in approximately 42 days. 

• All of the fraud and misrepresentation, whereby the EB-5 program has gained disfavor, we have completely stayed away from. Consequently, our clients are very pleased to see that we have been absolutely disciplined, and distanced ourselves from Regional Centers. Of course, without stating the obvious, not all Regional Centers are a sham. 

•   Our EB-5 model is 100% approved by USCIS and the U.S. government. The Immigration Act of 1990 (IMMACT90) is verification of this. Therefore, an official letter, stamp of approval, or further verification, all of which takes years of processing time is not necessary.

• IMMACT90 has designated us as a special class of “direct job creators” (Sections 203 & 204). The most valued subset of EB-5 participants.

• We are expecting to garner 3,000 to 4,000 seats per annum at the present quota level of 10,000 seats per annum. Our government sources strongly indicate that this 10,000 will be increased in the future. To facilitate and expedite this process we have retained lobbyists. Furthermore, we are seeking to add to our Board of Directors only members whose high ranking political experience, reputation, and integrity is beyond reproach. We have made it our goal to see EB-5 enrollment increased to 1.5 or 2 times its present annual level.

• Our entrepreneur investors’ investment is $1,000,000, plus a requisite fee of $150,000. This fee is by no means at the high end of the spectrum for the vast array of professional services provided by us. The investment must be 100% “at risk” and placed in a bonafide investment. Escrowing funds is not allowable under EB-5 guidelines. Legitimate investment opportunities carry with them legitimate monetary transfers, subsequent legal safeguards, and close monitoring of cash flows.  

• We are planning multiple EB-5 projects that entrepreneur investors may select from: 

(a) An approximate 1,500-acre “green” community development, which showcases our world class residential and commercial construction. Nothing has been endeavored on such a large scale anywhere in the world. This EB-5 project in Iowa requires 1,350 foreign entrepreneurs. 

(b) A second 3,055-acre “green” community development also features our world class residential and commercial construction, and requires 1,550 EB-5 foreign entrepreneurs. It is located in Arizona. 

(c) A luxury drug and alcohol addictions, equestrian treatment facility situated on 1,997-acres in Georgia. It will require 500 foreign entrepreneurs. The facility will also include a non-luxury (but extremely high quality) opioid treatment facility. Furthermore, we are presently negotiating the purchase of a second treatment facility near San Francisco, which consists of several thousand acres. 

(d)  A national healthcare program that replaces either ObamaCare or TrumpCare. Uniquely, this healthcare program is not regulated by the Insurance Commission, and is approved for sale in all 50 states. Some 2,000 foreign entrepreneurs are required. The home office will be in Alabama. 

(e) The Affordable Care Act (2010) allows for our creative, competitive healthcare model to operate in the marketplace without the payment of mandated fines levied against business owners that chose not to participate in government mandated healthcare.

(f) Our healthcare model is made possible by utilizing a not-for-profit organization which was incorporated in 1995 as a 501(c)3. We were the original incorporators of this non-profit, so we own and control its activities, as they exist in accordance with the U.S. Internal Revenue Service. 

(g) The above 2,000 foreign entrepreneurs via our Foundation based in Alabama, will bring us the requisite $2 billion as a Proforma Surety Fund, to bolster our program, and serve as a buffer against “risks”. 

Currently, we have a backlog of over 3,500 EB-5 foreign entrepreneurs who are ready, willing, and able to immediately sign with us, or have already done so. Included in this backlog are commitments from several consulting groups based in India, who wish to provide their software consulting, and other clientele the ability to enter and reside in the United States utilizing USCIS’s EB-5 Program. 

At the moment, only three months of the 2019 Fiscal Year has lapsed, so these seats are readily available. Upon charging each entrepreneur investor a fee of $150,000, and subsequently disbursing $27,500 in management fees; $20,000 for legal; and $2,500 for accounting per investor, our EB-5 program will net a pre-tax profit of $100,000 per head (Note: These payment figures include continued work required to track each investor’s file for 24 months, or until everyone’s I-829 Petition to Remove Conditions has been properly filed). 

Based upon our immediate availability of 3,500 seats, this is a before income-tax net profit of $350,000,000 (USD). Should our lobbying of the federal government become successful, and we know no reason why it won’t be, then filling the additional 2,000 seats based upon available backlog will occur in either 2019, or by the next presidential election in 2020. This will add another $200,000,000 (USD) to our pre-tax profits.

One of the recent realized benefits of our EB-5 business model has been our eligibility in 2018, to file for a reduced U.S. corporate tax rate of 21%. This is one of President Trump’s notable achievements since entering office.

Additionally, our EB-5 projects will generate several billion (USD) in available investment capital into the United States, as foreign entrepreneurs signed with us are required to invest $1,000,000 each. These funds will be in our control and custody beginning in February/March 2019………………. from which $2 billion is allocated as per the Proforma Surety Fund mentioned above in Item (g). 

The Webmaster,

It is heartwarming to read about these plans for Lake Cowichan.  My roots and those of countless others are steeped in rich history and memorable times as former residents in this noteworthy region. Very fitting that Mr. Mayo Singh (1888-1955), his family and  all others involved are to be, once again, remembered fondly by the eldest son of another pioneer - Mr. Herman Singh Braich Sr. (1911-1976). 

It has been my great fortune to have been intimately involved in the financial journey of my dear friend - Erwin Singh Braich Sr. -  as he navigated through and around the numerous speed-bumps while accomplishing a truly remarkable feat. It is with much pride  that I am able to state that his rise to the level of those in the BUSINESS INSIDER or FORBES TOP FIFTY (50) WEALTHIEST PERSONS IN THE WORLD will provide inspiration to fellow Canadians.  

I pray that his philanthropic activities will only become larger and more frequent.    

 Sincerely,              

 Mr. Bikram (Vic) Berar

- Exactly 38 years ago, we said our final farewell to my dear paternal Uncle – Kehar Singh Braich.