Carefree Tycoon

Supreme Sacred Ring, Carefree Tycoon!

In the 80s, a good-quality old Hainan Huanghuali round-backed armchair from the Qing Dynasty could be yours for just twenty yuan. Now, two million yuan o...

Chapter 217 Green Card Obtained

After signing the share donation agreement with Zhao Meng, Yang Jing became a major shareholder of Rongbao Mining San Francisco Branch, second only to the big boss Guo Dabao.

Moreover, by signing this agreement, it is equivalent to Yang Jing investing in the United States, and the investment amount is not low. After all, the registered capital of Rongbao Mining San Francisco Branch is as high as 150 million US dollars. After Yang Jing holds 20% of the shares of Rongbao Mining San Francisco Branch, it is equivalent to investing 30 million US dollars in this company.

There are several ways for foreigners to apply for a US green card. One of the immigration applications is called "investment immigration application", which is the so-called EB-5 application.

In order to attract foreign investment, create jobs and stimulate US economic growth, the US government established the fifth priority of employment-based immigration, also known as EB-5 investment immigration, in the Immigration and Naturalization Act in 1990 to encourage foreign investors to obtain permanent residency in the United States through investment.

Investment immigration has universal advantages for foreign citizens who have sufficient assets and intend to immigrate to the U.S. Investment immigration does not require applicants to have any academic qualifications or other resumes and qualifications. No matter what nationality the applicant is, whether he or she has investment experience, business management skills, or even whether he or she can speak English, he or she can apply.

Generally speaking, the US Immigration Service requires an investment amount of no less than one million US dollars. However, there are exceptions. In some areas, the investment amount limit can be lowered to no less than half a million US dollars. In addition to the investment funds, another core requirement is job creation. The law generally stipulates that within two years after the approval of the I-526 form, for investors who establish new enterprises, the new enterprise invested must directly employ more than ten full-time American employees.

Although it is difficult to pass the immigration application with only an investment of 500,000 US dollars or 1 million US dollars, Yang Jing's "investment" of 30 million US dollars is enough for the officials of the US Citizenship and Immigration Services to welcome Yang Jing's immigration. Although Yang Jing has no intention of immigrating to the United States, with this "investment", as long as Yang Jing wants to apply, he will soon be able to obtain a green card (a permanent resident card obtained by foreigners in the United States, not a change of nationality to become a US citizen), and all the restrictions caused by his visa in the United States will be immediately lifted.

Although there is no actual money transaction in this investment, there is no loophole in the company's books. In San Francisco, there are accountants who can easily do this.

It is also for this reason that the 198 million yuan that Yang Jing has in China can be converted into US dollars and directly transferred to Yang Jing’s own account in the United States.

Although the money still needs to be reviewed, Guo Dabao's assistant in China is quite familiar with handling such matters. Within a few days, the money that Yang Jing originally thought would not be needed can be used again.

Although this old oil well can bring Yang Jing a steady stream of funds, this kind of funds are only a long-term income. The thirteen famous paintings obtained through the warehouse auction cannot be sold now, and Yang Jing is reluctant to sell them. Therefore, if Yang Jing wants to obtain a huge sum of money in a short period of time, he must either continue to engage in warehouse auction activities, or find another way.

Although warehouse auctions are good, the money comes too slowly. Now that the funds of more than 30 million US dollars can be used, Yang Jing decided to start the next plan.

While waiting for the funds from China to arrive, Yang Jing took out the thirteen famous paintings and asked Zhao Meng and Lin Dan to cooperate in determining the ownership of these three famous paintings.

This kind of thing is not a difficult task at all for Zhao Meng, a veteran in this field. In San Francisco, he knows several famous lawyers who are well-known throughout the United States. Any one of these lawyers can settle the ownership of these famous paintings.

But this takes time.

Although the US judicial system is very sound, litigation in the US is still a very difficult thing. It is common for a lawsuit to last for several months or even years. Some ordinary civil or probationary cases are slightly better, such as some patent application cases, where a lawsuit lasts for two or three years, and five or six years is not uncommon.

The longest patent application case in the United States lasted for 28 years!

This is the American judicial system.

In a lawsuit like the one concerning the ownership of these thirteen famous paintings, even with the intervention of a great lawyer, it would probably take several months or even a year or two to reach a final decision.

But Yang Jing was not in a hurry. The thirteen famous paintings would not be lost anyway, so he could just take his time in the lawsuit.

In fact, lawsuits in the United States are all about money. Now with this old oil well as support, Yang Jing is not afraid of spending money.

At worst, I can go to a few more places and find a few old oil wells...

After waiting for two or three days, the oil output of this old oil well stabilized at around 400 tons per day. This output cannot be compared with the 10,000 tons of crude oil produced per day during the period of self-flowing.

Four hundred tons is about three thousand barrels, which is obviously too little for Rongbao Mining, so Guo Dabao decided to drill a few more wells to increase production. Anyway, the 1.6 square kilometers of land nearby belonged to Rongbao Mining, so he could do whatever he wanted.

In the end, Guo Dabao decided to drill five more wells to increase the daily output of this small oil field to 5,000 tons, or about 37,000 barrels per day. In this way, this small oil field could be mined continuously for almost four and a half years.

Of course, if you want to drill a well again to extract oil, you need the consent of the US mining department and pay the relevant fees.

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