EB-5 Emerging Markets omy and stock market crash this past summer, EB-5 actors have started looking outside China to other markets that promise the next generation of EB-5 Investors. While Chinese Investors still dominate the EB-5 world stage, smaller players are poised to consume a larger chunk of the EB-5 investment pool. In light of this, it would be wise to look beyond the current horizon and acclimate to other emerging EB-5 markets that can fill the void, should interest in the EB-5 program level off in China.

BY PARISA KARAAHMET FRAGOMEN, DEL RAY, BERNSEN & LOEWY, LLP

W

ith the arrival of a visa cut off date for EB-5 immigrant visa numbers for China last year, and the more recent woes of the Chinese econ-

Brazil

6

Syria

6

Singapore

7

Iraq

7

Kuwait

8

Kazakhstan

9

France

9

United Arab Emirates

9

Regional Center EB‐5 Visas Issued

South Africa

13

Hong Kong S.A.R.

15

Canada

18

Egypt

21

Great Britain and Northern Ireland Venezuela

Direct EB‐5 Visas Issued

25 30

Japan

35

Nigeria

37

Mexico

44

India

55

Russia

56

Iran Vietnam China ‐ Taiwan born Korea, South China ‐ mainland born

In this regard, there are several interesting parts of the world to watch, including Iran, Nigeria and Russia, as well as parts of Asia, such as South Korea, Vietnam and Taiwan. While it is not possible to address all of these jurisdictions in detail, this article will highlight some common source of funds issues, touching on several “hot” or soon-to-be hot markets, including Vietnam, India, Turkey, Brazil and Venezuela.

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