America EB-5 Visa aims to connect: International investors aiming to immigrate to the United States while making a meaningful financial contribution in the form of an investment, typically on a real estate project with seekers of these investments.
USCIS administers the EB5 program, created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.
Congress extended the EB-5 program untilSeptember 30, 2019 with no changes BUT!!!
In this blog, we would like to talk about briefly the extension of the EB-5 program but also give an update on immigration related issues that have hit the market in the last few days.
Current EB-5 program extended to December 7th!
On September 13th, news agencies reported that government will continue to be funded until December 7th.
Grenada citizenship and E-2 visa may solve the Chinese retrogression problem
Summary
Some countries, notably China, do not have an E-2 treaty with US but face severe EB-5 retrogression. Given this dilemma, many lawyers are advising Chinese investors to apply for citizenship of another third country.
No room for errors when completing EB-5 applications.
On July 27, 2018 The National Law Review published an article warning against such practice. According to the article, “effective September 11, 2018, adjudicators for U.S. Citizenship and Immigration Services (USCIS) will have the authority to deny any application or petition that is incomplete or lacks sufficient evidence without first issuing a request for evidence (RFE) or notice of intent to deny (NOID). The new guidelines are a reversal of the current policy, which requires that an RFE be issued unless there is “no possibility” that the deficiency can be remedied. Depending on the vigor with which it is enforced, this policy shift may eliminate the opportunity for petitioners and applicants to correct simple errors, like missing documents, or to beef-up documentation in support of an applicant’s eligibility, before the case is denied.
What is this waterfall anyway? At the end of the day, does it really matter?
Priority of payments, otherwise known as the waterfall, is perhaps one of the most important features an investor should consider when picking an EB5 project. Simply put, the waterfall clearly defines the order of claims to the funds by various stakeholders as the funds become available for distribution.
It Seems like EB-5 Investor Visa will get another clean extension until September 30, 2018!!!
As you all know, the EB-5 current investment amount is $500,000 in a targeted employment areas, but we have been experiencing quite a bit of uncertainty about this amount for well over a number of years now.
The window of opportunity to invest at the $ 500,000 level is tightening. Congress extended the current law to February 8, 2018 with no changes!
Yes! This time it really is! Trust us and act now if you don’t want to get caught up having to invest $ 1,800,000 for the same exact project. Why do we think that this time it might actually happen? For a number of reasons.
Congress passed a Continuing Resolution extending the EB-5 program to January 19, 2018.
As expected, by a majority vote of 231 vs 188 in the House and a majority vote of 66 vs. 32 in the Senate, Congress passed a Continuing Resolution extending the EB-5 program to January 19, 2018. President Donald Trump signed the resolution into law yesterday on December 22.
Congress extended “again” the current law to December 22, 2017 with no changes!
Congress is currently debating a number of issues related to EB-5. Our hope is that these issues will all be clarified once the long awaited amendments are made and the new comprehensive immigration law is enacted.
Congress extended the current law to December 8, 2017 with no changes!
On Friday August 8th, President Trump signed H.R. 601 that will provide funding for the federal government and extend the EB-5 Regional Center Program until December 8th and the Congress approved the bill with no changes.
September 30 deadline is approaching!
Did you know?
Did you know that we have less than two months left for the September 30, 2017 deadline? What is expected to happen if and when the current EB-5 law changes? Let us quickly analyze!
Safe until at least September 30, 2017!
Yesterday, we reported that Congress passed a continuing resolution to extend federal funding of all aspects of government until May 5th. Today, they agreed to continue funding government projects through September 30 of this year. As part of this bipartisan omnibus spending bill, Congress has granted an extension of the EB-5 Regional Center Program.
Did you know?
On April 28, 2017, Congress passed a continuing resolution to extend federal funding of all aspects of government until May 5th. Part of this decision means that deliberation on the future of the EB-5 program, which was set to occur on April 28th, is now extended another week.
Did you know?
On April 7, 2017, USCIS announced that the H-1B quota for fiscal year 2018 has been met for both the regular and Master’s caps.
Did you know?
The U.S. Department of State has recently released EB-5 visa statistics for Fiscal Year 2016.
Did you know?
On December 6th 2016, U.S. Congress passed the Continuing Resolution (CR) legislation.
Did you know?
Did you know that on November 18th, The Real Deal hosted a panel of EB-5 experts in Shanghai, who announced that the EB-5 program will likely continue to thrive under President Elect Donald Trump? “His strong stance [is] against illegal immigration,” former New York Gov. George Pataki said.
Did you know?
Did you know that on September 28, as widely expected the Senate approved continuing resolution to fund the Federal Government through December 9th.
Did you know?
Did you know that the EB-5 (employment based Green Card program) might have some changes after September 30.
Did you know?
that non-US citizens seeking to obtain a green card in order to be able to live and work in the United States can do so by applying for an EB-5 visa as long as they qualify to be an accredited investor.
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