Analysis on the reasons of EB-5' s EB5 green card rejection

I. Reasons for refusing a permanent green card I-829

EB-5 actually invested less than 40% of the project funds, that is, 200,000 US dollars, which could not generate enough jobs. EB5 investors' investment of USD 500,000 will be shared by the project parties, intermediaries, developers and other parties, as follows:

Length of fees charged by the project party: the project party will deduct 65,438+00% to 65,438+02% of management fees, that is, 50,000 to 60,000 dollars (deducted from 500,000 dollars). The regulations are written in the private placement contract. This fee does not include the additional $45,000 project establishment fee paid by investors.

2. Intermediary commission: the project party pays an intermediary commission of $5 to $65.438 billion+(deducted from $500,000). For example, the Chicago Convention Center, which was sued by the federal government, paid an agency fee of $6,543,800. Excluding the agency fee of RMB 50,000-80,000 yuan paid by investors.

3. Operating expenses of partner companies: a series of operating expenses, such as project partner management fees, fund supervision account fees, accountant fees, company business attorney fees, project personnel fees, advertising fees, etc., ranging from $5 to $6.5438 million (deducted from $500,000).

4. Developer's profit: more than $ 654.38+ million (deducted from $500,000). According to the inflated cost ratio, the reputation of developers is different.

5. Loan fee: If it is a loan, loan or bond project, the regional center should charge the developer and other project participants a loan fee of 7% to 65,438+00%, that is, 3.5 to 50,000 dollars (deducted from 500,000 dollars).

Summary: Each EB5 investor actually invested less than 40% in the project. This is just an open and calculable expense. A considerable part of the unknown costs cannot be calculated. Even according to the standard of "low-income group" in the United States, the labor cost brought by 10 jobs is as high as 300,000-500,000 dollars/year. The labor cost of EB5 project investors is a kind of "hard cost", which is a mandatory requirement of the federal government for all EB5 projects. According to this cost, it will last at least two years. As a result, the funds invested in the project can not generate enough jobs, nor can they pass the examination of the green card by the immigration bureau. Of course, except EB-5 investors, all participants have money to earn, and all parties will respond positively. Even if the project fails, the Immigration Bureau clearly lists EB-5 investors at their own risk.

Two. Green card rejection and expulsion procedure

According to the federal statistics of 1990 to 20 13, the success rate of obtaining permanent green card I-829 through EB-5 American investment immigrants is less than 4.8%, that is, 1/2 1. The US Congress and the Immigration Bureau want to show their political achievements and increase jobs, but they also want to avoid the suspicion that reselling green cards at low prices has caused public outrage in the United States. Therefore, according to the examination and approval procedures, as long as EB5 investors remit 500,000 US dollars to the American project account, the Immigration Bureau will automatically issue a temporary green card (I-526) valid for two years according to the procedures. However, when approving the official green card (I-829), it is extremely strict and is usually rejected. Therefore, since 2003, apart from Chinese mainland, no one from Europe and other countries has participated in the eb5 American Investment Immigration Project. According to the current immigration law in the United States, once the temporary green card (I-526) or official green card (I-829) of EB-5 applicants is rejected, they will not even get a tourist visa in the United States in the future. More seriously, once there is a record of deportation from the United States, immigration applications from Europe and other countries will be rejected.