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EB-5 Insights Where Government Policies and Business Realities Converge

Monthly Archives: July 2012

Posted in Tax Considerations

While many EB-5 investors are aware of tax planning measures they should take in anticipation of becoming U.S. permanent residents, they are often unfamiliar with financial requirements that become effective once they receive their unconditional permanent residency and subsequent U.S. citizenship.  On June 26, the IRS issued two News Releases and updated Frequently Asked Questions… Continue Reading

Posted in EB-5 Program, Inspector General, Non-Regional Center, Regional Center

In the following message publicized today by the USCIS, Director Alejandro Mayorkas announced the creation of a new EB-5 Program office, as well as the implementation of a special review board this month to oversee pending cases that have been recommended for a denial. I am pleased to announce that U.S. Citizenship and Immigration Services… Continue Reading

Posted in EB-5 Program, Marketing, Securities Law

Late last month, Securities and Exchange Commission (SEC) Chairwoman Mary Schapiro announced to the House Oversight and Government Reform Subcommitte that the SEC was not prepared to meet the July 4 deadline on issuing new rules pursuant to the Jumpstart Our Business Startups (“JOBS Act”).  The JOBS Act provides for an ease in the stringent… Continue Reading

Posted in EB-5 Program, Non-Regional Center, Regional Center, Uncategorized

On July 11, 2012, Charlie Oppenheim, Chief of Visa Control at the U.S. Department of State issued data for EB-5 visa usage in fiscal year 2012. The data shows that the top five countries using the EB-5 visa are: China – 3,710 EB-5 visas South Korea -335 EB-5 visas Taiwan – 106 EB-5 visas Venezuela… Continue Reading

Posted in EB-5 Program, EB-5 Project, Non-Regional Center, Regional Center

Federal immigration laws require employers to verify the identity and work eligibility of their new hires by completing what is known as a Form I-9, Employment Eligibility Verification, for every employee. Forms I-9 must be completed for every new hire within his/her three days of employment. During the I-9 process, employees must present to the individual completing… Continue Reading

Posted in EB-5 Program, Regional Center, Speaking Engagement

 On Monday, July 30, 2012, Genna Garver and I will speak at the Southern California EB-5 Conference featuring U.S. Congressman Lamar Smith.  Congressman Smith currently serves as Chairman of the House Judiciary Committee and will be addressing the progress of the EB-5 regional center pilot program reauthorization efforts in Congress at this one day event.  The conference… Continue Reading