Canadian Program Changes force Chinese Investors to US EB-5 Program

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Recent changes to Canadian immigration program has forced Chinese investors to look into the U.S. EB-5 investors program.

Canada has been a major destination for wealthy Chinese investors since the 90s. To qualify, the investor has to own at least $1,600,000 assets. Unconditional permanent residence can be obtained if the investor deposits $800,000 for 5 years with the Canadian Federal government or the government of Quebec. The funds are completely secure as they are guaranteed by the Federal Government or by the Province of Quebec. It will be used for economic development and will be returned to the investor at the end of 5th year. Because of its safe nature of the Canadian program and it is relatively easier to be granted permanent residency in Canada, Canadian investment immigration program became a dominant program among Chinese emigration agents for last 15 years. The majority of 600+ licensed Chinese emigration agencies are now beginning to explore EB-5 program and investor program in European countries.

The most recent development that dramatically has changed the emigration industry in China is that the Canadian program reached its allocated quota in 2011 and is now “closed for renovation” leaving most China’s emigration agents with less profitable products they can choose to offer to their clients. The Canadian emigration authority is suggesting that the government it may develop the current program into an entrepreneur-investment program which would be requiring the acquisition of a business in Canada. Making it even worse for the Chinese emigration business, the Quebec immigration program reached its allocated quota of 2,700 on April 12, 2012 after 9 working days after it opened for petitions. Quebec program is now closed, it also closes the door to thousands of Chinese investors and have disappointed China’s agents since they don’t have anything to offer to their clients until March, 2013 when the program reopens again. Now many Chinese emigration brokers are looking into theU.S. EB-5 program which is becoming an important business option for them. Based on a April 20 survey by Gallup, 20 million Chinese population is interested in emigrating to the US and other countries.

The 2nd Annual EB-5 Investment Summit: Dealmakers Conference April 27, 2012 in New York City will update the latest developments in the EB-5 investors program. The event has drawn a lot attention from US capital seekers and commercial real estate developers. Brian Su of Artisan Business Group, Inc. has been organizing EB-5 events in both China and the US.

The all-day conference will feature EB-5 industry experts and VIP guests, including H. Ronald Klasko, Partner of Klasko, Rulon, Stock & Seltzer, LLP, and the EB-5 Chairman of the American Immigration Lawyers Association (AILA), Jeffrey B. Carr, President and Economist of Economic & Policy Resources, Inc., Mr. Boyd Campbell, Immigration Attorney of Immigration Law Center, LLC, Mr. Brian Su, CEO of Artisan Business Group, Inc., Joseph P. Whalen, Former USCIS Adjudicator, Mr. Ronald Fieldstone, Attorney & Partner, Arnstein & Lehr LLP, Ms. Hong Yu, US Project Manager of Wailian Overseas Consulting Group in China, and Mr. John Jiang, CEO of Micon International, Kevin Wright, President of Wright Johnson LLC, Dr. Scott Barnhart, Barnhart Economics Services, Ms. Jo Ann Clark, Founder of EB-5 Resource Center LLC. A 50-member executive delegation from China will also participate in the event.

This year’s event is being hosted and sponsored by Artisan Business Group, Inc., Wailian Overseas Consulting Group, Wright Johnson LLC, Extell Regional Center, and Amazing Journey Investment Consulting Co. The Hilton New York will serve as the venue for the conference. Those attending the event also have the opportunity to meet the prior day with Artisan Business Group’s CEO, Mr. Brian Su, for a 1-hour private consultation.

For more information regarding the event, registration, or a private consultation with Mr. Su, please visit: http://www.EB5NewYorkSummit.org.

Press Contact:

Mr. Brian Su
Artisan Business Group, Inc.
http://www.EB5NewsBlog.org

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