ECONOMIST: 2016 A GOOD YEAR FOR FOREIGN INVESTORS TO PUT THEIR MONEY IN GUAM
ECONOMIST: 2016 A GOOD YEAR FOR FOREIGN
INVESTORS TO PUT THEIR MONEY IN GUAM
Guam, “America in Asia”, is poised to experience 3%-4% growth in 2016 according to an economist with 4 decades experience monitoring economic and financial trends in the US territory.
Joseph Bradley, Senior Economist at the Bank of Guam sees 2016 as a good year for foreigners to invest in Guam. The Bank of Guam is an international financial institution with assets of $1.5 billion and operations in the Pacific and North America.
Guam’s population is only about 170,000 people, yet it boasts a $5.5 billion economy fueled in large part by tourism. In 2015 the island experienced one of its best years ever with about 1.4 million visitor arrivals. That number is expected to climb higher this year.
Bradley says growth in tourism is creating opportunity for both local developers and, in the local vernacular, “off-island” or foreign investors. Such favorable condition could create unprecedented EB-5 opportunities in Guam.
According to Bradley, the island needs to build additional hotel room capacity to keep up with the Japanese, Korean, Chinese and other Asian tourists who are booking vacations to “America in Asia”, some of them in record numbers. The local government is offering 10% tax incentives on construction costs for new hotel rooms.
In a published report, Bradley says the construction jobs that are being created and the permanent jobs that follow will help sustain economic expansion. He also credits double-digit growth in Korean visitor arrivals for creating opportunities for investment in new attractions and optional tours.
EB-5 Investment Opportunities In Guam Unique
- The Guam economy is driven by Asia markets while the banking and legal systems are 100% U.S.
- Direct flights to Guam from many of Asia’s leading commercial, industrial, and banking centers only take 3.5 to 5 hours.
- The island is just 1 to 2 time zones from Japan, Korea, Taiwan, the Philippines, and China, offering investors the convenience of real-time, same day business transactions.
These factors, along with the many cultural, social, and historical similarities it shares with its Asian neighbors, combine to make EB-5 investment opportunities in Guam highly attractive; and some people say easier to navigate than competing opportunities in North America.
Guam EB5 Regional Center is the island’s premier EB5 Regional Center. It holds the 64th Regional Center designation issued nationwide and along with its partners abroad specializes in identifying immigrant investment opportunities to their friends and neighbors in Asia.
Guam EB5 is locally owned and operated, with offices in the Pan American Building in the island’s capital of Hagatna. The Guam EB5 team understands the local market, knows the developers, bankers, regulators, and the opportunities.
To learn more about the EB5 Regional Center Program and EB5 in Guam, America in Asia, contact Guam EB5 by clicking here www.guameb5.com or calling +1 671 4759800.
-- by John Ryan
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