Nonetheless, Liu attributed his success more to his
determination to migrate and the efforts he put in due
diligence.
LIU’S EB-5 ADVENTURE TOOK A
DETOUR
Just as many parents who embarked on a migration
journey, Liu was motivated by the world-class education
his daughter could enjoy in developed countries. Unlike the
majority of Chinese parents of his age, however, Liu himself
was a beneficiary of globalized education.
Standing out from thousands of competitors, Liu was
able to pursue his doctorate in mechanical engineering
in Germany on a government-sponsored scholarship.
Three years of study in one of
the world’s most prestigious
universities not only brought
him the knowledge, skills and
network required to establish a
successful machining business
in China, but granted him new
perspective and insight.
Liu was convinced that
international education, which
has changed his life, would also
secure a promising future for
his daughter. To facilitate this,
immigration became essential.
Canada was Liu’s first choice.
H o w e v e r, d e t e r r e d b y t h e
uncer tainty of the Canadian
federal immigration investment
program, which was later
canceled permanently by the
government, Liu decided to move on to the U.S.
Of course, there were more reasons that persuaded him.
“ The U.S. has a larger job market and presents more
opportunities,” Liu said. “And EB-5 is the obvious path since
it’s a federal program and is affordable.”
Liu chose to focus on due diligence. He held firmly on to
his own philosophy when it comes to selecting a suitable
investment target. The most vital factor to evaluate,
according to Liu, is the risk associated with a project.
Whether a project could create the required jobs and
repay the funds are critical to investors’ immigration and
investment success. Liu’s strategy was to look for projects
that were sizable, sustainable and endorsed by credible
sponsors.
Liu also stressed the impor tance of an honest and
responsible intermediary. Reliable EB-5 partners, in Liu’s
opinion, should stand in investors’ shoes and provide
information as objective and comprehensive as possible.
108 EB5 INVESTORS M AGAZINE
“Every project has its pros and cons,” Liu said. “Stay away
from the agents who only sing its praises before giving you
a thorough analysis.”
The lucky one that passed Liu’s scrutinization was the
Southeastern Pennsylvania Transpor tation Authority
project sponsored by CanAm Enterprises. His due diligence
also paid off, as his family successfully received repayment
of their full investment in 2017 and I-829 approvals in 2018.
A NEW CHAPTER OF LIFE
Originally from Wuhan, Liu is accustomed to the scorching
summer days and mild winters. That’s why he finds Los
Angeles a perfect second home to relocate his family.
L i u ’s d a u g h t e r, a 2 9 - y e a r -
old nu r se p r ac ti tio n e r w h o
has already obtained U.S.
citizenship, has discovered
more reasons to love the City
of Angels. The second most
populous metropolitan area
in the U.S. and the home to
Hollywood fosters a booming
j o b m a r ke t w i t h a b u n d a n t
oppor tunities. She was able
to land on a well-paid job at a
local hospital within one month
of graduation, which could be
extremely hard if she were a
college graduate in China, Liu
said.
While still traveling back and
for th ac ross the Pac if ic to
manage his business in China
and maintain his residency
status in the U.S., Liu, now 57
years old, has embraced the
California way of life. Walking along the golden beaches
and attending to his personal garden have become his new
routines.
International travels also get simpler and more convenient
for him. Thanks to the country’s proximity to Canada and
South America, Liu and his family have had the chance
to witness the magnificence of the Niagara Falls and
experience the captivating Latino cultures without having
long flights.
As he appreciates the expanding options in lifestyle, career,
retirement and travel brought by EB-5, Liu recognizes the
challenges facing current Chinese investors, who have to
wait many years to enjoy the benefits of this program. His
advice is to keep a positive attitude and watch for policy
updates.
“If possible, this country is still worth considering.” Liu said,
“Because of its strong national power, the United States
will always top the list of global immigration destinations
among all English-speaking countries.”