New York Regional Center Coming Under Unfair Attack
According to Attorney Carolyn Lee, the New York Regional Center has been coming under unfair attack by one blogger. She feels that the attacks against the EB5 investor program are not only unfair, but the allegations are also false.
Specifically, 1. “Not only does it look like the United States is selling visas, but the terms are easier than in other countries.” Carolyn feels this is inaccurate as, for example, the federal Canadian investor program has three basic requirements: (1) business experience, (2) minimum net worth of CN$800,000 (US$560,000), and (3) investment of CN$400,000 (US$281,000). There is no requirement that any jobs be created. The Canadian government holds the money for five years, after which it is returned to the investor without interest. The low threshold is responsible for the vast oversubscription of the Canadian investor program, resulting in a current three-year backlog.
Carolyn also feels that the charges of non-support of the EB5 program in Congress is false, as well as charges of lax oversight by the USCIS.
It’s one thing to have a discussion, but propaganda by a lone blogger is unfair. The success of the EB5 visa program is too important.
Carolyn’s entire article can be read here http://eb5info.com/articles/205-in-defense-of-the-eb-5-program
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