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IREX 2024: A Hub for EB5 Investment and Global Citizenship

2024-10-16 07:06:31.050000

The 19th edition of the IREX Residency and Citizenship Conclave is set to take place on October 18-19, 2024, at Le Meridien in New Delhi. This event will focus on international real estate investment, residency, and citizenship opportunities, particularly highlighting the EB5 visa program, which offers a fast-track green card for foreign investors. The EB5 program, launched in 1990, requires a minimum investment of USD 800,000 in an approved project in the United States. Notably, India has emerged as the second-largest market for EB5 in Asia, with applications increasing dramatically from approximately 750 in 2019 to over 10,000 in 2022. Leading EB5 Regional Centers, including EB5 United and CMB Regional Centers, will showcase their investment options at the conclave, with EB5 United having helped over 1,500 investors secure more than 2,000 US Green Cards. Nicholas Mastroianni III, a prominent figure in the EB5 space, will promote a staggered investment strategy starting at $200,000. CMB Regional Centers has also reported assisting over 6,000 investors since its inception in 1997. The event is organized by GMN Media Pvt. Ltd, which has a successful track record of 18 previous shows since 2015. [97a77492]

In addition, the UK's Real Estate Investment and Infrastructure Forum (UKREiiF) will continue to be hosted in Leeds for the foreseeable future, as announced by Leeds City Council News. The event is expected to attract 10,000-12,000 delegates in 2024, generating an estimated £20 million for the local economy. Leeds was selected due to its burgeoning reputation, vibrant economy, and numerous development opportunities. The decision to keep UKREiiF in Leeds underscores West Yorkshire's capacity to host significant global events. The forum aims to drive positive change, foster innovation, and promote inclusive growth and resilience within the region. The economic benefits of UKREiiF are anticipated to extend to the local community, contributing to a stronger and brighter future. [389f310c]

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