(Source: EB-5 China Market Council)
Beijing police officers and officials from the Bureau of Industry and Commerce Administration raided two unlicensed EB-5 immigration consulting firms in downtown CDB on December 21, 2010. Beijing has 77 legitimate and licensed immigration agencies, however due to US EB-5 program and other foreign immigration business boom in last two years, many unlicensed immigration intermediary firms are operating without required licenses. They have not only disrupted the market order, but also seriously damaged the interests of both consumers and legitimate migration industry, illegal activities have been the focus of the police' recent crackdown on such activities.
Beijing police officers and officials from the Bureau of Industry and Commerce Administration raided two unlicensed EB-5 immigration consulting firms in downtown CDB on December 21, 2010. Beijing has 77 legitimate and licensed immigration agencies, however due to US EB-5 program and other foreign immigration business boom in last two years, many unlicensed immigration intermediary firms are operating without required licenses. They have not only disrupted the market order, but also seriously damaged the interests of both consumers and legitimate migration industry, illegal activities have been the focus of the police' recent crackdown on such activities.
Unlicensed illegal intermediary usually charges low fees and promises quick results. They are not registered with the local exit/entry authorities, some individuals open the shell companies and place tempting advertisements on the Internet to defraud consumers. Typical illegal shops appear to operate as "consulting firms" or "international investment firms" headed by Chinese and Western individuals, many rent luxury office spaces in five star hotels in order to cover up their illegal activities.
Beijing Municipal Public Security Bureau Exit-Entry Administration Department stated that unlicensed immigration intermediary has seriously disrupted the market order and seriously damaged the interests of prospective clients and the industry, the police will crack down on illegal intermediary businesses and activities, and welcomed the public to report any such illegal practices and operations. According to Beijing Exit/Entry Services Association that Chinese immigrants top destinations include Canada, the United States, Australia, Singapore and the United Kingdom.
There are over 500 licensed and bonded immigration agencies around China. For more information about Chinese migration industry and government regulations, contact us today.
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