EB5 Investors Magazine (English Edition) Volume 5, Issue 1 - Page 57

Agents understand that there is no perfect project. Every project has strengths and weaknesses. Many weaknesses are acceptable to agents. However, if developers are not truthful and agents find out later by another source, agents will not trust you or want to work with you again in the future. While there are many earnest project principals with great projects, the few bad apples in the industry have made agents and investors apprehensive about EB-5. Many agents are afraid to market EB-5 projects and are recommending investors to immigrate to other countries. Investors themselves are looking at other alternatives. "...Respect is another key element in the Chinese culture." EB-5 investments are a long-term commitment. Investors are entrusting their money in a stranger’s hands. If they feel that this industry is full of fraudulent projects, the current demand will die. There will be no more market for EB-5. We need to work together as an industry to build a reputation of honesty and integrity. If we want to thrive in the Chinese market as a whole, we cannot tolerate any degree of fraud. EB-5 is a wonderful vehicle for investors to come to the United States and for the United States to grow and develop economically. With the right level of commitment, understanding of the Chinese culture, and integrity, project developers can thrive in the Chinese market while helping investors and the U.S. economy. Winnie Ng Winnie Ng is the Chief Counsel of the Manhattan Regional Center and its associated EB-5 projects. She manages the legal documentation preparation process and serves as the compliance officer for EB-5 projects and its investors. She has also provided legal advice to project principals and developers during the set-up of regional centers and projects. Ng is fluent in English, Cantonese and Mandarin. EB5INVESTORS.COM 56