LIU YU
EB5 Investors Magazine Interview
EB5: Would you tell us a bit about
EB-5 projects, it has become more
successful job creation and return of
your company? What is unique
critical to perform substantial due
capital.
about it that stands out from other
process and give investors comfort
migration agencies?
that their money will be safe from
EB5: What are the biggest obstacles
Zhaolong Immigration
fraud and be able to generate the
for expansion of EB-5 in China? (For
LY: We are a full-service migration
required jobs. And even after the
example, competition, government
agency based in China, with
investors make their investments,
regulation, etc.)
headquarters in Beijing and a branch
it is important to supervise the
office in Shanghai. We perform full
project all the way through the I-829
LY: The biggest obstacles are
due diligence on the investment
and repayment phases in order to
currently frequent reports of
projects we promote, help our clients
reassure investors that the project is
fraud scandals in various p rojects,
fully understand the projects and are
operating according to plan and on
uncertainty about the renewal of
able to answer their questions, and
track for success. Such supervision
the regional center program, and
follow up with the projects’ progress
will not only reassure investors but
(as mentioned above) increased
throughout the investment period on
also increase the credibility of the
wait times for green cards and
the investors’ behalf.
migration agency if all of its projects
potential aging out of children due to
maintain a successful record.
retrogression.
license for immigration services? If so,
EB5: What are the biggest obstacles
EB5: What kind of projects do you
which city/region issued this license?
facing the EB-5 program? What do
usually look for?
EB5: Does your company have a
you think should be done to address
LY: Chinese broker-dealer license.
these issues?
LY: We seek projects from reputable
and experienced developers. The
EB5: What countries do you help
LY: Currently, the biggest obstacle
projects should have a clear business
immigrants migrate to? What are the
facing the EB-5 program is the long
plan with transparent job creation,
most popular immigration programs
visa wait for Chinese investors due
and consist of a balanced capital
you offer?
to retrogression. Until recently, an
stack. Exemplar I-924 approval and/
investor could get a green card
or previous I-526 approvals by USCIS
LY: Zhaolong helps immigrants
within two years. Now that time is
is also a plus.
migrate to countries throughout
rapidly growing, thereby removing
North America, Europe, and Asia.
one of the biggest advantages of the
The most popular program is the U.S.
EB-5 program while putting investors’
EB-5 Immigrant Investor Program.
children in danger of aging out of
dependent eligibility. Congress
EB5: What do you see as the biggest
needs to act by increasing the annual
issues facing migration agencies
EB-5 visa cap, or, at minimum, permit
today? Please explain.
the re-allocation of unused EB-5 visas
from other countries.
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EB5 INVESTORS MAGAZINE
“We perform full due
LY: The biggest issue for migration
diligence on the investment
agencies today is underwriting
EB5: What are your clients’ major
projects we promote, help
projects and conducting due
concerns? What are their concerns
our clients fully understand
diligence, not only during the
regarding EB-5?
the projects and are able to
investor recruitment phases but also
answer their questions.”
throughout the entire term of the
LY: The client’s major concerns are
investment. With more attention
the age-eligibility of their children
recently by the media and by
(protection from aging-out), and
politicians on failed and fraudulent
choosing projects that will ensure
“Currently, the biggest
obstacle facing the EB-5
program is the long visa wait
for Chinese investors due to
retrogression. Until recently,
an investor could get a green
card within two years. Now
that time is rapidly growing,
thereby removing one of the
biggest advantages of the
EB-5 program while putting
investors’ children in danger
of aging out of dependent
eligibility.”
WWW.EB5INVESTORS.COM
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