GMLG Presents Alternative to Waiting for Your EB-5 Visa in China
From May 10 through May 30, GMLG Managing Member William P. Cook and GMLG Director of Client Development Ileana Boza, in conjunction with GMLG’s marketing representative in China, Helen International Immigration Services (HIIS), presented a series of seminars on “U.S. Immigration Opportunities through Investment.”
The seminars were conducted throughout China in conjunction with host banks in the cities of Qingdao, Wei Feng, Linyi, Kai Feng, Chengdu, De Zhou, Jinan and Xian.
Presentations by GMLG and HIIS focused on the EB-5 investor visa (to find out if you qualify for the EB-5 visa, please fill out the following questionnaire), and for the first time in the Chinese market, on the L-1A intracompany transferee visa as a supplement to relieve qualified Chinese clients from having to wait in China for their EB-5 visas to be issued.
Strong interest remains in China for immigration to the U.S. even though the EB-5 program has become significantly backlogged for Chinese petitioners. What Chinese clients need, however, is an alternative to relying solely on the EB-5 program.
Accordingly, GMLG, along with HIIS, will focus on presenting qualified Chinese clients with an additional option to using the EB-5 program alone.
The L-1A program can provide an important option to Chinese clients who do not want to wait in China for the extended issuance of their EB-5 visas (at least 4 years under current visa availability).
For Chinese EB-5 clients who can meet the stringent requirements of an L-1A visa (to find out if you qualify for the L-1A visa, please fill out the following questionnaire), GMLG will offer the option to file for an L-1A visa, even while your EB-5 petition is pending or your approved I-526 petition is awaiting the issuance of an EB-5 visa.
HIIS will offer Chinese clients assistance in setting up their L-1A business in the U.S., including locating appropriate office or warehouse space, obtaining business licenses and registrations, and putting together a qualified L-1A business plan.
So, if you own your own business, or work for a Chinese business as an executive or manager, the Chinese business can set up a U.S. subsidiary and if you qualify you, your spouse and your unmarried children under 21, can live and work in the U.S. while you wait for your EB-5 visa to be issued.
If you cannot meet the requirements of the EB-5 visa (particularly after the minimum investment amount increases later in 2016 to $800,000), there is another alternative you should consider, if you qualify.
The L-1A to EB-1C permanent resident visa is an option for owners, managers and executives of Chinese companies currently operating with employees and documented revenue that can be a very attractive alternative to the EB-5 program.
The EB-1C visa is a permanent residency visa with no specific job creation or minimum investment requirement as is the case with the EB-5 program.
GMLG is happy to work with Chinese clients who have already filed for their EB-5 or those who have not yet filed their EB-5 to evaluate if you qualify for either option.