Comment:A Whole New EB5 World

Regs are real

  • All current exemplars expire on November 21st. All current TEA designations expire on November 21st
  • Due to above, 95% of projects currently in market will be gone on November 21st. Rural EB5 projects will dominate the EB5 market after November 21st, and may be the ONLY projects in the market after November 21st
  • Litigation against Regs has no realistic chance for success. Congress will not get to DHS appropriations bill (where EB5 language could be considered) until early 2020
  • Conclusion from above: EB5 industry has to live with the new Regs until Congress is ready to consider remedies (perhaps in 2022 or later)

Reality of projects today

  • Every project is reporting palpable and substantive interest from throughout the world, with most reporting multiple incoming wires at a brisk pace. Projects which were struggling to get investors in the first half of 2019 are suddenly within striking distance of completing raises due to recent wires received. Many new projects are being readied for the market, and will hit the market in September
  • The biggest surge is from India, with India retrogression likely to cross 10 years after the surge is over, causing the overseas Indian EB5 market to be gone after November 21st for a decade or more, until the Indian economy grows much bigger (India is still a poor country, China is not). There is a large surge from China, which will likely make China retrogression 25 years or worse – so those taking on Chinese infants as investors today may be setting themselves up for prolonged litigation (DOS long term projections for China are underestimates). With surges in investment currently from Taiwan, Brazil and Korea, all 3 countries may retrogress after November 21 st
  • Increase from $500k to $900k will NOT immediately result in decrease in EB5 backlogs, since the existing investors as of November 21 st will have to go through the 10,000 annual visa bottleneck first, before backlogs can be reduced. Presuming investment craters 90% after November 21 st, backlogs will begin to come down after 5 years for Vietnam, Korea, Taiwan and Brazil, after 10 years for India, and after 15 years for China. So the EB5 market will recover in a decade, but expecting immediate relief due to increase in investment amount is not realistic
  • Therefore, 90% of the EB5 securities distribution network will be knocked out after November 21st, and with it, almost all of the relationships built within the EB5 industry over a decade will be gone. It is difficult to say what the new EB5 market will look like after November 21st – our guess is that (i) the market will be down 90% for the first year or more; (ii) only rural projects will get traction; and (iii) new nations (Thailand??) will be the hot locations
  • Conclusion from above: Make hay while the sun shines – Projects (except rural projects) would be wise to put all their eggs in the pre-November 21 st basket, and suspend all other activities now and focus solely on getting as much investment as possible before the curtain comes down on November 21st

Reality of investors today

  • During August 2019, ILW conducted 12 events in USA, and 13 events in India. The attitude of investors has dramatically changed – most attendees seem to be of the view: “I HAVE to make a decision NOW – not making a decision today IS a decision” (panic crowds have not yet materialized, the quantity of investors at our events is about the same as before the Reg). In consequence of the above, decision making time for investors at our events has shrunk from months to weeks

Projects would be well advised to consider our direct-to-investor events in India and USA in September, still leaving enough time for Source of Funds to be completed for filing before November 19th.

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Focus: October Schedule - Last Grace Period Events!

OCT INDIA & TURKEY EXPOS

WESTERN INDIA

Sun, Oct 13 & Mon, Oct 14

Mumbai

Limited Seats Available

Tues, Oct 15 & Wed, Oct 16

Surat

Thurs, Oct 17 & Fri, Oct 18

Baroda

Sat, Oct 19 & Sun, Oct 20

Ahmedabad

TURKEY

Friday, Oct 25

Istanbul

Limited Seats Available

Saturday, Oct 26

Izmir

Sunday, Oct 27

Ankara

Monday, Oct 28

Istanbul

OCT H1B TO EB5 EXPOS IN THE US

US WEST

Thursday, Oct 3

St. Louis, MO

Limited Seats Available

Friday, Oct 4

Denver, CO

Saturday, Oct 5

San Francisco, CA

Sunday, Oct 6

Seattle, WA

US CENTRAL

Thursday, Oct 10

NYC Metro Area

Limited Seats Available

Friday, Oct 11

Washington DC

Saturday, Oct 12

Charlotte, NC

Sunday, Oct 13

Tampa, FL

US CENTRAL

Thursday, Oct 17

Pittsburgh, PA

Limited Seats Available

Friday, Oct 18

Columbus, OH

Saturday, Oct 19

Cincinnati, OH

Sunday, Oct 20

Indianapolis, IN

About H1B to EB5 Expos:


In the last 19 months, ILW has conducted 70+ H1B to EB5 expos in 17 cities across U.S., 2480+ attendees, 90% are Indian H1Bs.

H1B to EB5 Expos Format:

  • Half Day Event for Indian H-1Bs considering EB-5 Option (Speaking Opportunity included). Please bring brochures, PowerPoint presentation, table displays and business cards.
  • Special Note for Attorneys: This event will feature two immigration attorney panels solely on immigration law matters. The only way an immigration attorney can participate and speak at this event is if they are nominated by an issuer who is exhibiting at the event (there is no fee charged to immigration attorneys).

About India Expos:

  • India is the #1 EB5 Country, larger than the rest of the world combined, including China.
  • India is currently the world's fastest growing major economy, it is growing faster than China, the number of new millionaires created each year in India is more than China.
  • We will quickly put you in front of investors and agents to present your project to. Our expos will flood you with many prospects in a short time.

India Expos Format:

  • Expo featuring seminar and exhibition; Mini meetings with investors and agents.
  • Please bring brochures, PowerPoint presentation, table displays and business cards.
  • Special Note for Attorneys: The only way an immigration attorney can participate and speak at this event is if they are nominated by the issuer exhibiting at the custom expo. (there is no fee charged to immigration attorneys).

About Turkey Expos:

  • Turkey is the fastest growing of the smaller EB5 markets, has significant population, and serious reasons to move families to USA. English is widely spoken in Turkey
  • Turkey has 80 million people, 18th largest country in the world. Turkey is NOT a poor country, its GDP is $751 billion, also 18th largest in the world (in other words, it has a large number of millionaires and deca-millionaires)

Turkey Expos Format:

  • Expo featuring seminar and exhibition; Meetings with investors.
  • Please bring brochures, PowerPoint presentation, table displays and business cards.
  • Special Note for Attorneys: The only way an immigration attorney can participate and speak at this event is if they are nominated by the issuer exhibiting at the custom expo. (there is no fee charged to immigration attorneys).

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