I am a Chinese citizen interested in an EB-5 investment visa. Will I face any specific challenges as a Chinese applicant?

While Chinese citizens may face some specific challenges in applying for an EB-5 visa, these can be overcome with guidance from a qualified attorney. Some challenges facing potential Chinese investors are:

Source of Funds

Regulation that requires evidence of the lawful source of capital may pose a challenge for some Chinese investors, because of the differences between Chinese and American tax and financial regulation systems. In addition, tracing the path of funds may be further complicated by the Chinese government's currency restrictions, which limits remittance of currency is to $50,000 per individual per year.

Ties To the Communist Party

Chinese citizens who are interested in an EB-5 visa should also be aware of the regulations regarding the admission of former members of the Communist Party.

Difficulties Selecting A Regional Center

Finally, there have been some reports in China of bad practice on the part of some agents from EB-5 regional centers, who have made promises to Chinese investors that were unethical. When you begin to research regional centers, be wary of any representatives or agents who make claims that seem too good to be true; they probably are!

In general, effective communication with an attorney experienced in working with Chinese EB-5 petitioners is the best way to overcome the roadblocks that may arise as a result of the disparities between American and Chinese legal and financial systems. Contact the Law Offices of Vaughan de Kirby online or by phone at 415-221-2345 to get your questions about the EB-5 program answered. 

Vaughan de Kirby
California Immigration Attorney

EB-5 Regional Center Program Ends 12/08/17

Congress has extended the current Regional Center program to December 8th, 2017, at which time it will sunset unless extended. We anticipate future legislation that will call for an increased investment amount and more stringent requirements. For this reason, we recommend to our clients that they take action under the current law if at all possible.

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Free Books

<span>Complete Guide To The EB-5 Green Card:</span> Critical Knowledge For Investors Who Want To Make The Best Decisions For Themselves And Their Families

Complete Guide To The EB-5 Green Card: Critical Knowledge For Investors Who Want To Make The Best Decisions For Themselves And Their Families

If you are seeking permanent residence status in the U.S., request a free copy of Complete Guide To The EB-5 Green Card to learn about the EB-5 visa program.

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<span>EB-5 Due Diligence Workbook:</span> Ten Critical Steps to An Informed Decision

EB-5 Due Diligence Workbook: Ten Critical Steps to An Informed Decision

Vaughan de Kirby's book, EB-5 Due Diligence Workbook: Ten Critical Steps to An Informed Decision was written for EB-5 investors who are selecting a regional center.

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