EB5 Investors Magazine Volume 3 Issue 3 | Page 8

EB-5 BRAZIL by Dennis Rodrigues Over the last few months the potential growth of the EB-5 industry in Latin America is an increasingly hot topic in the world of investment immigration. Interest from wealthy Latin Americans is picking up, and the U.S. EB-5 industry is taking notice. In 2014, the region as a whole represented less than three percent of the total (10,000) visas issued, with Brazil accounting for roughly 10 percent of that. Although still a small number given the size of its overall population (approximately 600 million people), those familiar with the industry have observed a significant uptick in investor participation from the region this year, and expect this to continue. Latin America presents different opportunities and challenges throughout the region; here, we will be focusing on its biggest market - Brazil. As the EB-5 market develops in Brazil and other countries in the South America, we can learn much from how the industry has evolved in China and what can and cannot be applied to the Brazilian market. As with many new markets, the EB-5 market must give special attention so that the industry grows in a structured and sustainable manner, allowing all of its participants to benefit. Facets of the Brazilian EB-5 Market Need for Awareness and Information One of the challenges that the EB-5 industry faces in Brazil is a general lack of awareness regarding the EB-5 visa and invest- ment process. In order for the market to evolve, increasing awareness must be the single most important focal point for all the stakeholders involved. SPREAD THE WORD! Most Brazilians have never heard of the EB-5 Immigrant Investor Program. Instead, some mistakenly believe that buying an apartment in the United States using an LLC, Corporation or other offshore legal entity structure could potentially be a qualification for a visa program. Many believe that buying or starting a business in the United States would also qualify. The majority is completely unaware of the program, or even if they have heard of it, they know nothing of its requirements. Opportunity for Migration Agents If interested parties do happen to ask a local lawyer or accountant, they generally are given misleading or uninformed advice. Migration agents and intermediaries are still rare in Brazil, so many Brazilians have limited access to sound information. To meet the need for information as interest grows, the migration agency industry may see an uptick in growth in light of rapidly rising unemployment across industries including finance and banking, which may bring opportunities to those caught in the down cycle as companies will have to downsize to EB-5 Visas Issued In Latin America 35 0 Argentina Brazil 300 Venezuela Mexico 250 LATAM 200 150 100 50 0 6 20 07 2008 2009 2010 2011 2012 EB5 INVESTORS MAGAZINE 2013 2014