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 21st
· Increase from $500k to $900k will NOT immediately result in decrease in EB5 backlogs, since the existing investors as of November 21st 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.
News: Changes to Direct Filing Addresses for Certain H-1B Form I-129 Petitions
Focus: ILW EB5 Expos in September U.S. and India
H1B TO EB5 EVENTS IN THE US
|
||||||
US WEST |
US WEST |
|||||
Aug 5 |
Seattle, WA |
SOLD OUT |
Sept 3 |
Seattle, WA |
SOLD OUT |
|
Aug 6 |
San Jose, CA |
Sept 4 |
Portland, OR |
|||
Aug 7 |
Los Angeles, CA |
Sept 5 |
San Jose, CA |
|||
Aug 8 |
Phoenix, AZ |
Sept 6 |
San Diego, CA |
|||
US EAST |
US EAST |
|||||
Aug 13 |
Boston, MA |
SOLD OUT |
Sept 11 |
Boston, MA |
2 Seats Available |
|
Aug 14 |
Philadelphia, PA |
Sept 12 |
NYC Metro Area |
|||
Aug 15 |
Washington DC |
Sept 13 |
Raleigh, NC |
|||
Aug 16 |
Atlanta, GA |
Sept 14 |
Atlanta, GA |
|||
US CENTRAL |
US CENTRAL |
|||||
Aug 21 |
Detroit, MI |
SOLD OUT |
Sept 19 |
Detroit, MI |
Seats Available |
|
Aug 22 |
Chicago, IL |
Sept 20 |
Minneapolis, MN |
|||
Aug 23 |
Dallas, TX |
Sept 21 |
Dallas, TX |
|||
Aug 24 |
Houston, TX |
Sept 22 |
Austin, TX |
|||
EB5 EVENTS IN INDIA |
||||||
SOUTHERN INDIA |
||||||
Aug 12 & Aug 13 |
Hyderabad |
SOLD OUT |
||||
Aug 14 & Aug 16 |
Bangalore |
|||||
Aug 17 & Aug 18 |
Chennai |
|||||
Aug 19 & Aug 20 |
Thiruvananthapuram |
|||||
NORTHERN INDIA |
||||||
Aug 25 & Aug 26 |
Delhi |
SOLD OUT |
||||
Aug 27 & Aug 28 |
Chandigarh |
|||||
Aug 29 & Aug 30 |
Ludhiana |
|||||
Aug 31 & Sept 1 |
Amritsar |
|||||
WESTERN INDIA |
||||||
Sept 6 & Sept 7 |
Mumbai |
SOLD OUT |
||||
Sept 8 & Sept 9 |
Surat |
|||||
Sept 10 & Sept 11 |
Baroda |
|||||
Sept 12 & Sept 13 |
Ahmedabad |
|||||
SOUTHERN INDIA |
||||||
Sept 18 & 19 |
Hyderabad |
2 Seats Available |
||||
Sept 20 & 21 |
Chennai |
|||||
Sept 22 & 23 |
Bangalore |
|||||
Sept 24 & 25 |
Kochi |
ILW H1B TO EB5 EXPOS
There is an intense interest from Indians on H1B to invest in EB5 before November 21st, with the publication of the new EB5 rule raising investment amounts.
In the last 19 months, ILW has conducted 70+ H1B to EB5 expos in 17 cities across U.S., over 2480+ attendees, 90% are Indian H1Bs.
In August and September, we are launching 24 expos in 16 cities. So far, 17 expos have been completely SOLD OUT. Check out the highlights of our H1B to EB5 Expos across the U.S.:
ILW EB5 Expos U.S. EAST August 13 - 16
ILW EB5 Expos U.S. CENTRAL August 21-24
ILW EB5 Expos U.S. WEST August 5-8
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).
ILW INDIA EXPOS
Our first round of 24 India expos have been completely sold out.
The New Southern India events are coming!First Come, First Served. Participation Limited to 4 Projects/ Regional Centers per City
- 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
- 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).
PRICE
EB-5 Issuers - Discounts still available if you act now
CONTACT US
phone: +1 212-545-0818
email:
webmaster@ilw.com
or click
here
.
Headline: Immigration officials say new policy will only affect about two dozen military families per year
Click here
Headline: New citizenship rule for some U.S. military children takes effect October 29
Click here
Headline: The US Is Doing Everything It Can To Make Central America Its Southern Border
Click here
Headline: U.S. To Shorten Validity Of E Visas For French Citizens
Click here
Headline: Trump admin proposes DNA testing on detained, undocumented immigrants
Click here
Help Wanted: Immigration Attorney
GOSWAMI & ASSOCIATES Fremont, CA Office, Immigration firm has an opening for an immigration attorney to handle employment-based non-immigrant cases including H-1B, L-1, E-2, O-1, R-1, employment-based immigrant cases including EB-1, EB-2, EB-3, EB-5; asylum applications and family-based cases.
Qualifications and Skills • Must be licensed to pratice law (california preferred) • Must have excellent English writing and oral communication skills. • Secondary language skills a plus (Punjabi and Hindi preferred) • Excellent organization and computer skills required.
Experience • 2 years minimum experience in business immigration law preferred • Knowledge of H-1B, L-1, and PERM preferred • Salary negetoable based on experience • Medical and paid vacation
Email resume and writing sample to virender@vgoswamilaw.com and prodhika@vgoswamilaw.com
Help Wanted: Immigration Associate Attorney
Harlingen, Texas Office, Immigration firm has an opening for an associate attorney in Harlingen, Texas to assist with legal research, motion preparation, and attending interviews before the United States Citizenship and Immigration Services. The applicant will also be required to represent clients before the Executive Office For Immigration Review and the Board of Immigration Appeals.
Qualifications and Skills Prior experience in immigration law and/or criminal law is preferred.
Benefits 401k and medical insurance is offered. Job Type: Full-time Salary: $70,000.00 to $90,000.00 /year
Apply at oscargarcia@garciaramirez.com
Help Wanted: Immigration Attorney
Hammond Law Group, Experienced immigration attorney needed to join Hammond Law Group/s immigration practice based in Cincinnati, Ohio. Our current immigration group employs over 75 people and we are growing. The position will handle employment based cases including L, E, H and PERM. Must be able to work in a fast-paced service oriented environment. A history of innovative ideas and an entrepreneurial spirit is a plus. Portables would be nice but, are not a requirement. Send resume along with cover letter to Krystle.Bryant@hammondlawgroup.com
ComingsNGoings: Submit Your Announcement
If you have a professional announcement such as: New Position, Honors And Awards, Mergers & Acquisitions, New Office Address, New Appointment, New Associate, New Attorney, New Partner, that you wish to share with the Immigration Daily community, send your professional announcement to: editor@ilw.com comingsNgoings announcements is a free service.
An Important disclaimer! The information provided on this page is not legal advice. Transmission of this information is not intended to create, and receipt by you does not constitute, an attorney-client relationship. Readers must not act upon any information without first seeking advice from a qualified attorney. Copyright 1995-2017 American Immigration LLC, ILW.COM. Send correspondence and articles to editor@ilw.com. Letters and articles may be edited and may be published and otherwise used in any medium. The views expressed in letters and articles do not necessarily represent the views of ILW.COM.
Publisher: Sam Udani ISSN: 1930-062X
Advisory Board: Jason Dzubow, Rami Fakhoury, Matthew Kolken, Chris Musillo, Lory Rosenberg, Greg Siskind, Joel Stewart, Margaret Wong