EB-5 Immigration Investment With the US economy eager for a strong comeback, the Obama Administration is seeking more foreign investment and one way to do it that is expanding across the country is the so-called Employment Based Visa-Category 5, or EB-5, program. Dubbed the "green card for money" program, EB-5 sets a minimum investment of $500,000 and investors must be able to prove that their money has created at least 10 jobs for US citizens. In return, the investor gets a green card. US law firms are busily trying to lure wealthy Chinese investors through EB-5 regional center pilot projects and some of them tend to be involved in larger projects that are only sponsored in China, since it is the dominant market for EB-5 investors. "EB-5 is a vital source of capital for the US economy and is highly sought after by many American enterprises," Ronald Fieldstone, an attorney at Arnstein & Lehr, told China Daily on Thursday. "Chinese investors have accounted for almost all of our cases." His firm has indirectly been counsel for offerings that have sponsored more than 1,200 Chinese investors over the past year. "The amount of investment is increasing every year and it is expected that the 10,000-visa limit may come close to being reached for the first time this fiscal year, which ends Sept 30," Fieldstone said. There are currently 15 to 25 US regional centers dominating fund raising in the Chinese market, and the tremendous supply from China continues booming in the US this year, despite the competition for Chinese capital from the European Union... Read more: lehmanlaw/fileadmin/lehmanlaw_com/newsletters/china_immigration_lawyers_alert_online_20130830.html
Posted on: Mon, 02 Sep 2013 01:32:20 +0000