Comment: Market Establishes Price For Green Card
One of the laws of economics is that markets establish the price of things, including a green card. The EB-5 program offers one way to gauge the market price for a green card - and no, it's not $1,000,000, or even $500,000. The price can be measured by the difference in the rate of return for that investment, added to the costs incurred (including legal fees and intermediary fees). This difference, counted globally, and not just for one country such as China, offers one data point toward establishing a price for permanent residence in the US. Fortunately, the last few years have seen significant numbers of usage in the EB-5 category, so for the first time we can have some confidence in the price established in the EB-5 market. Enough of the suspense - the range is between $100,000 and $200,000 - being the sum of the costs and the difference in the rate of market return. So, is that it, then? Maybe not. There exists a market which is considerably older than EB-5, and considerably larger than EB-5 - and the price established thereat is quite different. We refer to the market in fraudulent marriages to US citizens, which, while unlawful, performs the function of establishing a price, which all black markets do all over the world. The price in this market is from $30,000 to $50,000. And since the latter market is deeper and has a more established record than the former, this price is more indicative of the true value of a US green card than the EB-5 market price. Both proponents of increased immigration to the US, and of increased restriction of immigration to the US would perhaps be disheartened by the low price established by the market. We certainly would like to believe that US permanent residency is worth considerably more. However, experience from the last century has convincingly shown that markets are ignored at the peril of the ignorer - and that market truths will impose themselves regardless of how much a government tries to stifle them. Perhaps Congress will keep the market in mind when it goes about its urgent task in reforming our immigration laws in the coming weeks and months. Share your thoughts by writing to

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Focus: The EB-5 Book Shipping Now
We are pleased to announce that the new comprehensive book on EB5 matters is shipping now.
Editors: Paul Ruby and Phil Cohen. Articles by Laura Danielson, Robert Gaffney, Michael Gibson, Jennifer Hermansky, David Hirson, Jose E. LaTour, Daniel B. Lundy, Brandon Meyer, Elizabeth Peng, John Roth and Joseph Whalen
The book outline is as follows:

I. For Immigration Attorneys

  • Structuring and Market Planning for EB-5 Regional Centers and Their Projects by Jose Latour
  • Building Your I-924 Submission Package by Brandon Meyer
  • How to Lawfully Advise Your Clients About Regional Center Choices by John Roth
  • Advising Investors: Pre- Post-I-526 approval by Laura Danielson
  • Tax Counseling for EB-5 Investor Clients Before and After Immigrating to the U.S. by David Hirson
  • Practice Pointers: I-526 Petitions by Paul Ruby
  • Practical Approaches to Lawful Source of Funds Issues by Robert Gaffney
  • Country-Specific Issues: How to Successfully Represent Chinese Investors in EB-5 Investments by Elizabeth Peng
  • I-829 Practice Pointer: Removing Your Investor's Conditions by Jennifer Hermansky
  • The Future of the EB-5 Immigrant Investor Program from the Perspective of an Immigration Lawyer, or Past Performance is Not Indicative of Future Results by Daniel B. Lundy
II. The EB-5 Program For Regional Centers, Project Developers and Investors by Phil Cohen

  • Section 1: EB-5 Program Overview
  • Section 2: Key Logistical & Legal Issues
  • Section 3: Groundwork Before Getting Started
  • Section 4: Your EB-5 Team
  • Section 5: Getting to Work on Building Your I-924 Submission Package
  • Section 6: Positioning and Marketing to Foreign Investors
  • Section 7: Admitting Investors
  • Section 8: Financial Overview
  • Section 9: The Direct/ Individual Investor EB-5 Option
  • Section 10: Keeping Up to Date
  • Glossary
  • EB-5 Resources
  • Appendix A: Compendium of Instructions and USCIS Requirements
  • for I-924
  • Appendix B: Precedent Decisions
  • Appendix C: Sample Letter to Economists

III. Resource Materials

  • Comprehensive Resource Materials
    • Federal Regulations
    • Relevant Statutes
    • Precedent Decisions
    • Government Memoranda
    • Forms and Instructions

Part IV: CD-ROM Resource Materials

  • Statutes
  • Regulations
  • Federal Court Cases
  • BIA Cases
  • Forms
  • Memoranda
  • Web Links
  • Articles from ILW.COM
  • Miscellaneous

Order your copy today: Online or by Fax.

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Help Wanted: Immigration Professional
Toronto, Canada - Ernst and Young Global Immigration is seeking a Global Immigration Coordination Manager/Senior. The role of Manager Global Immigration involves day-to-day management and oversight in all aspects of global immigration client accounts. The activities will include supervising Global Coordination Staff and Seniors and can range from ensuring client accounts are being looked after to providing high level reporting on the status programs. An ideal candidate must have 3+ years of Global Immigration or related experience; a law degree would be an asset. Strong organization and project management skills and ability to deliver accurately to tight deadlines in a high-pressured and time-sensitive environment are also a plus. For more information, please visit Ernst and Young's career website at keyword search: Global Immigration or contact Lisa Chow at

Help Wanted: Immigration Attorney
Toronto, Canada - The US Business Immigration Specialists at Egan LLP is seeking an Associate Attorney to manage multiple and challenging US business immigration engagements and to contribute to the delivery of solutions and ideas for their diverse institutional clients. Egan LLP has offices throughout Canada in Vancouver, Calgary, Toronto, and Montreal. The ideal candidate should have a JD along with admission to any US State Bar, a 3+ years of business immigration experience, with an emphasis on high-volume H-1, L-1, NIV, and PERM filings, and strong client management skills, excellent managerial, organizational, and verbal/written communication skills. For more information, please visit Ernst and Young's career website at keyword search: EGAN or contact Lisa Chow at

Help Wanted: Immigration Paralegal
Toronto, Canada - The US Business Immigration Specialists at Egan LLP is seeking a Law Clerk (Paralegal) to manage multiple and challenging US business immigration engagements and to contribute to the delivery of solutions and ideas for our diverse institutional clients. EGAN LLP has offices throughout Canada in Vancouver, Calgary, Toronto, and Montreal. The ideal candidate should have an undergraduate university degree or equivalent related work experience, 2+ years of business immigration experience and must be highly organized, with strong attention to detail and have strong verbal/written communication skills. For more information, please visit Ernst and Young's career website at keyword search: EGAN or contact Lisa Chow at

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Letters of the Week: John Keller

ComingsNGoings: Immigration Event
Webinar - January 29 and 30 - 1pm-2pm (EST) - USICS is pleased to host a series of webinars to give interested individuals an opportunity to learn about the policy manual it launched on January 7th. This initial release begins the process of providing a single online reference for USCIS policies. The first phase of the policy manual covers citizenship and naturalization. Future releases will add benefit types and will gradually expand to cover all USCIS policies. To participate in a particular session, please email the Public Engage Division at no later than the day before the session. Please include your full name and the organization you represent in the body of the email.

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