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EB-5 Insights Where Government Policies and Business Realities Converge

Monthly Archives: June 2014

Posted in EB-5 Investment, EB-5 Program, Events

Greenberg Traurig’s EB-5 group will sponsor and co-chair the third annual Southern California EB-5 Conference at the Balboa Bay Club & Resort in Newport Beach, California. The all-day conference will take place on July 21, 2014, from 8:30 a.m. to 5:00 p.m. The conference will feature several panels addressing the latest developments of the EB-5… Continue Reading

Posted in Events

Greenberg Traurig EB-5 Immigration shareholder Kate Kalmykov and Real Estate shareholder Kristen Lonergan recently presented at the New York Private Equity Network – Real Estate “EB-5 Funding for Real Estate Development” seminar and networking reception hosted in the Greenberg Traurig New York office. More than 70 attendees represented companies from the private equity, real estate,… Continue Reading

Posted in I-924

In February 2014, USCIS hosted a telephonic meeting with EB-5 stakeholders regarding the EB-5 program. During that call, USCIS estimated an average processing time of 12 months for I-924 applications. As of June 2014, the pendency period has increased, and we are now seeing a longer window of approximately 12-15 months. However, Mr. Nicholas Colucci,… Continue Reading

Posted in General

Last week, members of Greenberg Traurig’s growing EB-5 team held a strategic meeting in Chicago. The group included more than two dozen attorneys from the firm’s Business Immigration & Compliance, Corporate & Securities and Real Estate practices representing ten Greenberg Traurig offices, including Boca Raton, Chicago, Denver, Houston, Los Angeles, Miami, New Jersey, New York,… Continue Reading

Posted in Immigrant Green Card, Immigrant Investor, Immigrant Visa

Once an EB-5 investor receives permanent residency (whether conditional or unconditional), they must follow certain rules and regulations to ensure they do not lose their permanent residency, including physical presence requirements. Additionally, if an EB-5 investor desires to obtain U.S. citizenship, he or she must meet certain residence and physical present requirements. In order to… Continue Reading

Posted in EB-5 Program, EB-5 Project, I-924, Uncategorized

USCIS recently reported faster processing times of I-924 Applications for Regional Center Designation and the number of approved regional centers are currently at an all-time high, and both factors correlate to more I-924 Applications being submitted to and processed by USCIS than ever before. As a result, we have noticed certain trends that have developed… Continue Reading

Posted in EB-5 Investment, Immigrant Green Card

After finally being issued a Green Card, the last thing any Lawful Permanent Resident (LPR) of the United States would want is to lose his / her permanent residency status. It is important that LPRs understand certain requirements they must fulfill in order to maintain this status. Other than obeying all of the laws of… Continue Reading

Posted in General

Greenberg Traurig continues to grow the firm’s Business Immigration & Compliance practice and EB-5 group with the addition of Matthew Galati in the firm’s Philadelphia office. Galati joins the firm this week from Klasko, Rulon, Stock & Seltzer, LLP. “We are pleased to add Matt to our EB-5 team and Immigration Practice,” said shareholder Kate… Continue Reading

Posted in EB-5 Business Plan, EB-5 Job Creation, EB-5 Program, EB-5 Project, I-526, I-924

In a welcome bit of news for the EB-5 industry, USCIS released updated processing times dated as of April 30, 2014 which show USCIS is processing I-924 applications in approximately 4.4 months. Earlier this year, the processing of I-924 applications was moved to the new Immigrant Investor Program Office (IIPO) in Washington D.C. The new… Continue Reading