TOP IMMIGRATION AT TORNEYS
VIVIAN ZHU
WOLFSDORF ROSENTHAL LLP
V i v ia n Z h u is a p a r t n e r a t
Wolfsdor f Rosenthal LLP
and is the supervising
at torney of the firm’s EB -5
department. Zhu specializes
in EB-5 cases, including
representing investors, regional centers and projects,
distressed projects, complex aging-out cases, mandamus
litigation, consular inadmissibility, responses to request
for evidence, notice of intent to deny and notice of intent
to revoke. Zhu also practices in the areas of E-2 investor
visas, L-1 intracompany transferee visas and EB-1 petitions
for alien workers with extraordinary ability. Zhu’s clients
include Fortune 500 companies, high net worth individuals,
investors, executives and highly skilled professionals. Zhu
also has experience in corporate and securities law working
primarily with Chinese companies.
WHAT ARE YOUR THOUGHTS ON THE
EB-5 MODERNIZATION CHANGES THAT
TOOK EFFECT IN 2019 WITH THE
INCREASED INVESTMENT AMOUNTS?
investors and creating uncertainty in TEAs. Although it
provides an opportunity for investors of failed projects to
retain their priority date, the requirement for filing a new
I-526 petition with the increased investment amount and
approval of the previous I-526 makes it less beneficial to
investors. Hopefully the rules will be changed again by
legislation.
WHAT TRENDS ARE YOU SEEING
IN THE EB-5 INDUSTRY?
USCIS’ standards of evidence are constantly changing and
have become more stringent, presumably due to the general
attitude of the current administration toward immigration,
the long waiting line and the increased number of petitions.
For example, once allowed practices, such as single
intermediary currency exchange, bridge loan and minor
investors, are now resulting in a Request for Evidence.
In addition, the EB-5 investor market is becoming more
diversified. China is giving way to the rest of the world given
the long waiting line for Chinese applicants. Investors are
also becoming more sophisticated and knowledgeable
about EB-5.
The EB-5 Modernization Regulation creates problems to the
EB-5 industry by making the program less accessible to
Belma Demirovic Chinchoy, Esq.
[email protected]
213.792.2325
433 N Camden Drive, Suite 600
Beverly Hills, CA 90210
Business and Investment Immigration Attorneys
with a successful track record representing EB-5
investors, structuring direct EB-5 projects and
advising entrepreneurs on E-2 and L-1 visas.
In our nearly 25 years of combined experience, we’ve integrated EB-5
into a chocolate factory, vineyard, chicken farm and an e-commerce
company, to name a few, in addition to guiding investors through
numerous hotels, mixed use and office developments. We love that
our clients say we’re dedicated, capable attorneys and their trusted
Rajkrishna S. Iyer, Esq.
advisors. But it makes us smile when clients know we care.
[email protected]
310.328.3322
21250 Hawthorne Blvd., Suite 700
Torrance, CA 90503
54
EB5 INVESTORS M AGAZINE
Iyer Demirovic Chinchoy LLP | Your Trusted IMMIGRATION GENERAL COUNSEL
www.ImmigrationGC.com