Comment: All Countries Are Not Equal

Lets begin with an anecdote: We once talked to an EB5 developer who has raised hundreds of EB5 investments from China. He complained that the Chinese agents he has worked with told him that they have seen interest in EB5 dry out. He said, "Oh, That's not a problem--I will simply go to Cambodia instead of China and get my investors from there." We were aghast, because the statement implied a complete lack of understanding of the real massive differences that exist between countries.
The fundamentals to look for when choosing a country for an EB5 raise are the following: Population, GDP, GDP per Capita, Number of HNWs in the country and Number of HNWs leaving the country per year.
Country China Cambodia
Population 1.4 Billion 15 Million
GDP $14 Trillion $26 Billion
GDP per Capita $10,000 $1,600
Number of HNWs in Country 4.4 Million ?
Number of HNWs leaving per year 15,000 per year ?
These objective measurements for a country matter. If a country does not have a sufficient number of HNWs and they do not have any reason to leave, then no matter how energetic the efforts made to secure EB5 investors in a country, it will not result in a meaningful number of wires.
Similarly, when trying to estimate one's own connections in a country, one should use objective measurements such as do you already have a productive network of agents in the country that has actually delivered at least a small number of wires to you--instead of using subjective factors like I have some connections with important people in the country.
Fundamentals matter - and it is fundamentals that make countries unequal for EB5 purposes. The number of countries in the EB5 world is very very small - a subset of a subset - due to the fundamentals that shape these countries EB5 outflow.

ILW estimates the 2020 EB5 market to be more than $1 billion. If you are raising EB5 capital in 2020, we have identified a very small number of specific opportunities in the new EB5 market. Contact us for a conversation on what we can do for you in this brave new EB5 world by emailing us at, calling us at 212-545-0818 or online.

Article: EB-1 vs. EB-2: A Research-Based Petition Comparison By Klasko Staff

Blogging: On Luck By Jason Dzubow

Blogging: Locust swarms, crop failures and starving people likely to test limits of asylum law By Nolan Rappaport

Blogging: Trump wants $7.2 billion for border Wall; only $1.25 billion additional to fight coronavirus. Why does president care more about White Supremacy than controlling disease? By Roger Algase

Focus: 5 EB5 Countries

The EB5 market overseas has shrunk from 11 to just 5 countries, due to the increase of investment amounts from $500K to $900K. These 5 markets are now the only markets large enough to support just 10 wires per year for most issuers, making them the only realistic choices for issuers of even modest-sized raises. ILW can help you in some of these markets. Call us at 212-545-0818 to find out about these 5 markets, and how we can help you there, or email us at or online.

Headline: ‘Walls don’t stop viruses’: Donald Trump Jr torched for exploiting coronavirus to bash immigration Click here
Headline: New immigration rules are elitist and selfish Click here
Headline: What Are 'Sanctuary' Cities and Why Is Trump Targeting Them? Click here
Headline: Trump administration opens new legal front in battle against 'sanctuary' jurisdictions Click here
Headline: The Supreme Court could criminalize immigration advice and advocacy Click here

Help Wanted
Baker, Donelson, Bearman, Caldwell, & Berkowitz, P.C. has an opening for an immigration paralegal in any Baker Donelson location. Candidates must have either a Bachelor's Degree and/or a paralegal certificate from an ABA approved paralegal program and at least 3-5 years of immigration experience. Responsibilities involve substantial writing and research for EB-1 and H-1Bs, and preparing responses to requests for evidence. Additional responsibilities include: assisting in determining case strategy; managing clients and tracking status of filings; gathering documentation from clients; reviewing case documents; assisting with legal research; filings with the government; drafting correspondence to the government and clients; preparing appropriate forms for government agencies, maintaining paperless file copies. Candidates should possess strong organizational, interpersonal, and communication skills, including the willingness and ability to work directly with foreign nationals to gather information. All applicants should have an aptitude for detail; the ability to work efficiently, and to work under pressure. Each candidate must be able to handle multiple projects at the same time and have excellent facility with computer systems and the ability to learn and efficiently use new systems. Candidates must be flexible, have regular attendance and be willing to work overtime if necessary. Please apply at

Letters of the Week

ComingsNGoings: Immigration Event
Conference on the Venezuela Refugee Crisis UCLA Center for Study of International Migration 12:00-3:00 p.m., Friday, February 28, 2020 Haines Hall 352 UCLA campus Los Angeles, CA 90095-1487 For More Information 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 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