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000 EB5 green card applicants may be reached in 2013 or 2014. That’s why it important that you get in contact with an EB5 expert now if you’re planning to immigrate to the US under this program. Find an expert at eb5exclusive.com. Article Published On 共享豪车现身杭州 全聚德后厨不卫生

Investing South Korea and China are two of the countries that send the most EB5 immigrants to the United States each year. The program is designed for immigrants to obtain an EB5 Green Card by investing in business ventures in the US. Immigrants under the program must invest at least $500,000 in an enterprise that will create 10 new full-time jobs for US workers (not including the immigrant him- or herself). Increasing wealth in China and Korea in recent years has prompted increasing numbers of entrepreneurial Chinese and Koreans to participate in the program. Foreign Currency Issues for South Korean EB5 Immigrants South Korean law allows EB5 investors to wire money to the US for investment once their I-526 form has been approved by US Citizenship and Immigration Services (USCIS). Because South Korea won’t release funds until after I-526 approval by, it puts South Koreans at a disadvantage compared to Chinese EB5 investors, who generally are able to wire money to the US before the I-526 is approved. This has not been a major problem, because the EB5 program has not ever reached its 10,000 visa limit. However, the program is becoming popular enough that it may reach that limit in 2013 or 2014, and South Koreans could lose out because of this rule unless the Korean government changes the rule. American Embassy Rules in South Korea and the EB5 Process South Korea’s Immigrant Visa (IV) officials interview EB5 immigrants after I-526 approval, but attorneys for these immigrants are not allowed in the American Embassy to accompany clients to their interviews. It is imperative that immigration lawyers working with South Koreans prepare their clients well for their IV interview. Generally, these interviews take place several months after I-526 approval, so there is usually ample time for immigrants to prepare for their interviews. Generally, they receive passports with stamped IVs within a week of a successful interview. Currency Restrictions for Chinese Immigrants In general, Chinese citizens are limited to exchanging the equivalent of $50,000 per year for US dollars, which makes things difficult for Chinese nationals living in China to legally transfer enough money to make EB5 investments. Some of them choose to transfer $50,000 in Chinese currency to family members and friends and trust them to transfer the money to the US. Immigrants are required to trace their investment funds through each of these friends and family members at every step along the way or risk having their immigration refused by the Chinese government. Salary and Bonus Issues for Chinese EB5 Immigrants A problem on the US end for Chinese investors is that many Chinese companies pay workers very low base salaries along with big bonuses, because it reduces the company’s tax burden. When USCIS officials obtain proof of employment from potential Chinese investors, they may only get information about salary without information about bonuses. USCIS requires investors to prove they have sufficient lawful income for the EB5 program, and thus many investors with lower salaries must also have documentation of bonuses in order to meet income requirements under the EB5 Green Card program. About the Author: China and South Korea send the most EB5 immigrants to the US every year, but some experts believe that the limit of 10,000 EB5 green card applicants may be reached in 2013 or 2014. That’s why it important that you get in contact with an EB5 expert now if you’re planning to immigrate to the US under this program. Find an expert at eb5exclusive.com. Article Published On: 相关的主题文章:

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