The EB-5 Immigrant Investor Program enacted by Congress in 1990 allows foreign investors to achieve legal U.S. residency as a result of specified financial investments in the U.S. The program has grown from more than 1,800 EB-5 visas issued in 2010 to the maximum of 10,000 visas this year. It is attracting billions of dollars of needed investment in a range of infrastructure and community development projects.
The U.S. Department of State reports more than 85% of EB-5 visas issued during fiscal year 2014 went to Chinese investors and their immediate family members. And that was a 30 percent increase over the previous year. With offices in China and Mandarin-speaking lawyers in the U.S. and Asia our team offers local resources with the requisite skills to collaborate with Chinese investors on EB-5 projects.
EB-5 financed deals are complex. They involve a broad spectrum of legal disciplines such as:
We negotiate and document all aspects of the EB-5 transaction, including preparation of private offering documents, operating agreements, partnership agreements, loan documents, intercreditor agreements and escrow agreements.
Buffalo Business First | May 18, 2018
Providence corporate counsel Courtney New is quoted in this article asking business immigration practitioners about the top issues facing their clients as the federal government has clamped down on U.S. companies attempting to hire foreign workers.
Chair and Managing Partner of China & Asia Pacific Practice
Phone: +852 9307 3900
PartnerOffice Managing Partner, Buffalo
Director of Global Strategies