EB5 Investors Magazine | Page 72

I-526 Immigrant Petitions Received :
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0 2008 2009 2010 2011 2012 2013 2014 2015
Source : https :// www . uscis . gov / sites / default / files / USCIS / Resources / Reports % 20and % 20Studies / Immigration % 20Forms % 20Data / Employment-based / I526 _ performancedata _ fy2015 _ qtr4 . pdf
an interest-free loan to the government received permanent residency .” visa remains an arduous process for many Chinese investors – one that takes a toll on their personal lives .
In 2014 , the Canadian government decided to terminate this program , stating that it was generating few , if any , economic benefits for the Canadian economy .
“ Suddenly , tens of thousands of applicants — many Chinese — needed to find somewhere else to invest their money ,” Jeffrey adds . “ Naturally , the EB-5 program acted as a suitable replacement option .”
“ When my application was approved , I was ecstatic ,” says Zhao , an EB-5 applicant from Beijing who now resides in Pasadena , California . “ It took almost two years of hard work to reach that point . I spent over 200 hours of my own time researching , writing , filling out paperwork and working with my attorney , economist and business plan writer before I finally received the approval letter .”
Personal Hardships
Despite the eased requirements , applying for an EB-5
At the time , Zhao was studying at the Guanghua School of Management in Beijing . “ I was spending so many
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