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EB-5 Insights

Where Government Policies and Business Realities Converge

Posted in Retrogression

众所周知,自2015年5月1日起,中国的EB-5移民签证申请将面临排期。在下文中我们将对排期宣布以来我们收到的问题进行回答。

1. 如果我的I-526 已经批准了,可是我的子女年龄可能会超龄该如何处理?出于移民的目的,我怎样做可以保持孩子的年龄不变?

国务院已经公布了指导意见,根据《儿童状态保护法案》,下列方式可以“冷冻”住孩子的年龄:

  • 递交DS-260申请;
  • 支付签证费;或
  • 向国家签证中心递交DS-230 申请。

请注意上述冷冻子女年龄的做法只是在《儿童状态保护法案》的范畴内有效。因此,最省时有效的办法就是收到I-526通知后立即用银行本票来支付签证费。所有在201551日前收到I-526批准通知的人都会收到签证费通知单,因此他们都有机会冷冻住子女的年龄。

2. 如果我的I-526申请在2015430日或之前获得批准,但是我还没有收到签证费通知单,该如何处理?

美国国务院签证控制和披露处负责人Charles Oppenheim在“赴美投资”会议上指出2015年4月所有获得批准的I-526申请的签证通知单都会被寄出。因此,如果您的子女可能会超龄,请立即联系我们。出于申请移民的目的,我们会采取一些措施尽量保持孩子年龄不变。

3. 如果我的I-526申请在2015430日以后获得批准该如何处理?

您将会面临排期。您的I-526 批准后,你必须每个月定期查看国务院签证公告,依此判断您的优先日是否生效。您可以点击此处here了解优先日详情。

 4. 如果我收到了签证通知单但是我的受益申请人没有收到如何处理?

我们会通过寄挂号信的方式将银行本票寄给国家签证中心,使用您签证通知单上的案件号码为您和您的受益申请人支付签证费。

5. 提交了DS-260申请并且支付了签证费,下一步我该怎样做?

这种情况下您的申请会被计算到年度的签证配额中。您会被安排到广州领事馆进行签证面试。如果您未收到移民签证面试通知,我们会持续联络国家签证中心确保为您安排面试。我们期待着国务院会就您的身份和我们进行联络。

 6. 我持有合法的身份居住在美国,但是I-526批准后还没有提交身份调整申请,我可以在201551日后递交身份调整申请么?

 不可以。你需要每个月查看国务院签证公告,据此判断你的优先日是否生效。您可以点击此处here了解优先日详情。

 7. 我持有合法的身份居住在美国并且I-526已经获批,我在201551日之前提交了身份调整申请,我现在的状态是什么?我还可以继续在美国居住,工作及旅行么?我可以更新我的回美证和工作许可么?

 可以。只要你的身份调整申请提交了,你可以继续留在美国并且更新回美证和工作许可。移民局会扣住案件,直到你的优先日生效才会审理你的身份调整申请。您可以点击此处here了解优先日详情。

8. 201551日后,我怎样查看我的优先日?

国务院每个月会在其网站上公布签证公告。您可以点击此处here来查看您的优先日。此外国务院网站上有一个“查看优先日”的功能(Priority Date Checker),你输入信息后就会自动为您查询适合您的排期截止日。

 9. 由于排期的发生,我大概要等待多久?

2015年5月1日划定的排期截止日期是2013年5月1日。如果一个申请人的I-526在2015年5月1日获得批准,则意味着大约要等待2年。根据国务院的公告,我们估计等候时间会越来越长,有可能3年或更久。

 10. 受排期影响,你们估计2015101日,即美国政府2016年财政年度开始时,要等待多久?

我们估计那个时候依然要等待两年,还可能会增加到三年或更久。

 11. 如果我可以以非中国大陆出生的配偶的出生国别进行申请,我的子女也可以么?

可以。

GT律师事务所会一如既往向您提供国务院和移民局的最新信息。

Posted in Retrogression

As you may know, the EB-5 immigrant visa category will retrogress beginning May 2015. Below is a guide to the frequently asked questions we have been receiving since the announcement of retrogression.

1.      What if I have a child who may age-out but my I-526 Petition has been approved? How can I preserve my child’s age for purposes of immigration?

The DOS has issued guidance that the following can freeze a child’s age for the purposes of the Child Status Protection Act (CSPA):

  •  Submission of the DS-260;
  • Payment of the visa fee; OR
  • Submission of a DS-230 to the NVC;

It is important to remember each of those activities listed above will freeze a child’s age for CSPA purposes. Thus, the most cost effective and less timely method is payment of the visa fee bill by cashier’s check as soon as an I-526 Petition approval notice is received. As noted immediately below, all applicants who have received approval of their I-526 Petitions before May 1, 2015, will be issued a fee bill (even past the May 1 cut-off date), thereby enabling those applicants with age-out children to freeze their children’s age for purposes of immigration. Continue Reading

Posted in Posts in Chinese, Retrogression

Following is the Chinese translation of a previously published blog post:

 

2015年4月13日,在华盛顿举行的“赴美投资”会议上,美国国务院签证控制和披露处负责人Charles Oppenheim宣布,自2015年5月1日开始,中国的EB-5申请人将面临排期。Oppenheim实际上在2014年10月的时候就已经暗示这一天会到来。2015年5月的签证公告进一步证实了这点。因此,这将意味着中国的EB-5移民签证类别会面临2年的排期,截止日期为2013年5月1日。截止日期将决定EB-5移民签证的发放顺序。截止日是由I-526申请提交的日期决定的。每个I-526申请的批准通知中的优先日一栏中都会列出一个日期。因此,根据2015年5月的签证公告,截止日划定在2013年5月1日,意味着在2015年5月,只有优先日早于2013年5月1日或者优先日是2013年5月1日的中国EB-5申请人(及其受益申请人)才能申请EB-5移民签证。签证公告中的日期或者向前推进,或者倒退,或者保持不变,这些变化每个月都回定期公布。因此,对于申请人来说,通过每个月查询国务院的签证公告来判断自己的优先日是否有效,至关重要。我们之前发表的博客文章详细的解释了怎样使用签证公告。

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Posted in Retrogression

On April 13, 2015, at the Invest In the USA (IIUSA) Conference in Washington D.C., Chief of the Visa Control and Reporting Division of the U.S. Department of State Charles Oppenheim reported that the EB-5 China immigrant visa category will retrogress beginning May 2015.  Oppenheim has indicated since October 2014 that this day would come. This was further confirmed upon the release of the May 2015 visa bulletin. Accordingly, this means that retrogression of the EB-5 China immigrant visa category will retrogress two years and have a cut-off date of May 1, 2013. The cut-off date has the effect of establishing a systematic line for the issuance of EB-5 immigrant visas. The cut-off date is determined based on the date an I-526 Petition was filed and is the date included on each I-526 Petition approval notice in the Priority Date box. Therefore, with the cut-off date set at May 1, 2013, based on the May 2015 visa bulletin, it means that during the month of May 2015, only those EB-5 investors (and their derivative beneficiaries) with a Priority Date of May 1, 2013, or earlier may apply for an EB-5 immigrant visa. The dates in the visa bulletin will either move forward, backward, or remain stagnant, and such changes will be reported monthly. Therefore, it is important that an applicant check the visa bulletin each month on the DOS website to see if their Priority Date has become current (i.e. if their Priority Date is earlier than the date listed on the visa bulletin). This is explained in even further detail in a previous post.

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Posted in EB-5 Investment, EB-5 Program, Speaking Engagement

Matt GalatiGreenberg Traurig attorney, Matthew Galati, recently presented at the AILA Philadelphia Chapter’s 2015 CLE Conference.  Galati provided an overview of pending legislation, discussing AILA’s platform, and outlining the benefits to employers students and investors of the recently introduced  American Entrepreneurship and Investment Act of 2015 and the Immigration Innovation Act of 2015. Galati also addressed the need to re-authorize the EB-5 Regional Center Program prior to its expiration on Sept. 30, 2015. He currently serves as the Philadelphia Chapter’s Advocacy Committee Chair.

On April 16, 2015, Galati will lead a diverse delegation of immigration attorneys to Capitol Hill as part of AILA’s National Day of Action in an effort to promote immigration common sense immigration policies that recognize the hardships and contributions of new Americans and aspiring immigrants.

Posted in Securities Law

After a nationwide conference call of industry participants sponsored by agencies of the U.S. government and several years of cautionary discussions, through its recent actions, the agency that regulates securities sales in the United States, the Securities and Exchange Commission (SEC), and its self-regulatory arm, the Financial Industry Regulatory Authority (FINRA), have made compliance with securities laws for those in the EB-5 industry a priority.

According to reports, the SEC may bring actions against as many as 20 individuals who were accepting finders’ fees without being registered as broker-dealers or associated persons of broker-dealers.  In addition, FINRA indicated in its recent announcement of examination priorities that it is focused on its members’ due diligence and suitability checks in the sale of private placements, including EB-5 securities.

As the EB-5 industry matures, those in the industry can expect to see more attention from regulators, including enforcement actions.  Several years ago, Greenberg Traurig combined efforts of its immigration team and its securities regulation team to provide advice for industry participants.  If you have any questions about securities regulation in the EB-5 space, please do not hesitate to contact Greenberg Traurig.

Posted in Events

The 2015 China-U.S. Private Investment Summit brought together Chinese investor delegates with U.S. project sponsors, policy makers, entrepreneurs, trade associations, economic development groups, and professional service firms to help build stronger relationships.  Greenberg Traurig’s Laura Reiff moderated the Insider’s Briefing – EB-5 Immigration Investment Trends Panel.  The panel discussed the Chinese investment immigration market (EB-5) and the key trends affecting the U.S. value chain.  The panelists also examined shifts in the EB-5 market and models for growth.  Highlighted were the good and bad models for Regional Center and Direct Investment projects, insight on future opportunities, and best practices.

Later in the evening, guests of the summit attended a dinner where President William Jefferson Clinton was the keynote speaker.  President Clinton spoke about the evolving China-U.S. relationship within the context of globalization and the importance of entrepreneurship in supporting social development. The President’s remarks related to experiences during his presidency as well as continuing initiatives through the Clinton Foundation.

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Greenberg Traurig Business Immigration & Compliance Practice Co-Chair Laura Reiff with keynote speaker President Bill Clinton.

 

 

Posted in Immigrant Visa

shutterstock_74614888Immigrant entrepreneurs and investors have always been at the core of the American economy.  Immigrant-founded companies have generated billions of dollars in revenues and contributed intellectual property leading to significant socio-economic advancements within the United States.  Foreign-born entrepreneurs are a critical component to the advancement of the U.S. emerging technology space and it is important to note the variety of visa options available.  This initial post will provide an overview of the nonimmigrant and immigrant visa options available to entrepreneurs and investors in the emerging tech space with future posts focusing on the visa specifics. Continue Reading

Posted in EB-5 Program, Regional Center

EB-5 has been alive for 25 years. As part of the program’s silver anniversary celebration, we should be working diligently towards making the Regional Center program permanent. This is not just a wish, but a distinct possibility with the right efforts made by the stakeholders.

The Regional Center program has grown much more popular in recent years. It has attracted the majority of EB-5 capital and aided in the most job creation in the history of EB-5. The Regional Center program has remained a pilot program subject to renewal every three years, and it is scheduled to expire Sept. 30, 2015.

The regional center program has been extended every three years since 1993.

While the program has come under political attack in recent months with a few members of Congress intimating that it should expire or be revamped, the EB-5 Coalition, a broad-based group of trade associations and stakeholders, believes this opinion is misplaced as a result of a small number of bad actors in the EB-5 space.

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