Eb5 Investors Magazine Top25 edition 2023; Issue 10:1 | Page 89

SURVIVING THE BOOMING IMMIGRATION SERVICES COMPETITION IN CHINA
The Guangzhou Qiaoliang team has faced many challenges over the last decade , the most current being the ongoing immigration policy shifts in China and abroad .
" These policy changes , both good and bad , are testing the values and strength of immigrant companies the most ."
“ These policy changes , both good and bad , are testing the values and strength of immigrant companies the most ,” he said .
The reshuffling of the Chinese immigration industry after the pandemic also raised other challenges , particularly fierce competition . There are more than 8,000 formally registered immigration companies in the country , said He . That is why specialization and technical accuracy have allowed his agency to stand out among the crowd , he said .
“ Nearly all the clients we assist are opting for EB-5 immigration mainly to ensure a solid educational plan for their children ' s future ,” he said . “ In reality , as their children grow , for the majority of Chinese families seeking immigration opportunities , there aren ' t many better alternatives to the EB-5 investor visa .”
Nowadays , most of these clients understand that the Reform and Integrity Act of 2022 ( RIA ) has made this visa program robust .
“ Nowadays , applicants for the U . S . Immigrant Investor Program have much more knowledge about EB-5 than investors in earlier years ,” he said . “ When applying for EB- 5 , Chinese investors are concerned about the legitimacy of the source of funds of the investment funds to explain the program , the project safety and evaluation , the repayment of the investment principal , foreign exchange supervision policy , funds transfer path , EB-5 visa numbers , and other issues . And they are also very concerned about the risk control ability of the investment projects .”
He highlights two main challenges when helping Chinese investors : first , filling quotas available for Chinese investors , and second , finding the right expertise regarding rural projects .
“ The reserved visa numbers for projects under RIA policy take only 32 % of the EB-5 visa numbers per year , family members also occupy the visa numbers , and there is also
Compared with other Chinese immigration firms , He ’ s firm specializes in handling every stage of application for employment-based immigration to the United States , such as EB-1 / EB-2 / EB-3 / EB-5 , marriage immigration ( CR1 / IR1 / F2A ), relatives ’ reunification immigration cases , and other related visas ( EB-1A , EB-1C , NIW , EB3 , CR , IR , and F ).
“ To my knowledge , many domestic immigration companies do not focus on U . S . immigration as much as we do , not to mention that we are covering almost all U . S . immigration categories and are having a large number of successful cases ,” he said .
This strategy has paid off , as He is considering expanding to other Chinese cities and opening subsidiaries in the US .
UNRAVELING THE COMPLEXITIES OF THE EB-5 VISA PROGRAM
He says 80 % of his Chinese client base first chooses the U . S . employment and investor visa programs , followed by Canada , the European Union , and Australia . The EB-5 visa program is particularly engaging , with more clients reaching out to his agency already informed of its benefits and challenges .
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