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EB-5 Insights Where Government Policies and Business Realities Converge

Monthly Archives: June 2015

Posted in I-829, USCIS

USCIS has issued a new Form I-829, Petition by Entrepreneur to Remove Conditions, with an edition date of May 7, 2015. Starting on Aug. 15, 2015, USCIS will only accept this edition. The new I-829 consists of 13 pages of instructions and an 11-page form to be completed. There are a few important highlights of… Continue Reading

Posted in EB-5 Investment, EB-5 Program

The American Job Creation and Investment Promotion Reform Act, S. 1501, was introduced in the Senate by Senate Judiciary Committee Chairman Charles Grassley (R- IA) and Senate Judiciary Committee Ranking Member Patrick Leahy (D-VT).  S.1501 seeks to reauthorize the program for five years and proposes a number of integrity reforms for the EB-5 program.  EB-5… Continue Reading

Posted in EB-5 Investment, EB-5 Job Creation, EB-5 Program

A June U.S. Policy Metrics/Hamilton Place Strategies report Harnessing Private Capital For Job Creation: An Analysis Of The EB-5 Visa Program demonstrates the impact of the EB-5 visa program as a net job creator and budget-neutral catalyst for bringing private investment into the U.S. The report was commissioned by the EB-5 Investment Coalition (EB-5IC), a… Continue Reading

Posted in EB-5 Investment, EB-5 Project, Securities Law

Yesterday, the U.S. Securities and Exchange Commission (SEC) ordered a US-based foreign finder operation to cease and desist from operation as an unlicensed broker-dealer.  The charges are some of the first against brokers handling investments in the EB-5 Immigrant Investor Program and follow earlier SEC actions against fraudulent EB-5 offerings. According to the SEC’s order,… Continue Reading

Posted in EB-5 Investment, EB-5 Program, Immigrant Investor

The United States Conference of Mayors conference hosted their 83rd Annual Meeting on June 19-22, 2015 in San Francisco, California. The EB-5 immigration investor program was included in the adopted resolutions of the organization as listed herein: EB-5 IMMIGRANT INVESTOR PROGRAM WHEREAS, EB-5 is the designation for the fifth employment-based preference immigrant visa category established… Continue Reading

Posted in EB-5 Program, Immigrant Visa, USCIS

On June 16, 2015, USCIS announced the suspension of the USCIS Electronic Immigration System (ELIS) for Form I-526, Immigrant Petition by Alien Entrepreneur. Due to challenges with ELIS and in an effort to improve it, effective June 15, 2015, USCIS will no longer accept electronically filed forms for the EB-5 category. Additionally, USCIS ELIS will… Continue Reading

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

Greenberg Traurig attorney, Kate Kalmykov, was recently featured in The Real Deal article, EB-5: Who’s after China?, discussing new EB-5 investors in other countries. Attorney Kate Kalmykov flew to China every other month last year to drum up EB-5 business. This year, her travel schedule includes new stops in countries including Vietnam, Brazil, Mexico and… Continue Reading

Posted in Posts in Chinese, Visa Bulletin

Following is the Chinese translation of a previously published blog post: 美国国务院(DOS)7月签证公告给中国投资人带来一些好消息,EB-5投资移民签证中国申请人排期前进4个月,从2013年5月1日前进到2013年9月1日。 这一进展对关注查理•奥本海默有关职业移民签证截至日期预测的人来说,有些出乎预料。奥本海默是国务院签证处的主管,他曾预计6月份EB-5截至日期仍将维持在2013年5月1日。 尽管排期日期变化不大,中国大陆出生的EB-5投资人仍应该尽快提交I-526申请,因为排期的变动并不影响I-526 申请的审批。美国国务院根据优先日期或I-526申请提交的日期,确定等候时间。关于排期,您可以更多地阅读我们的博客。

Posted in Retrogression, Visa Bulletin

The Department of State’s (DOS) July Visa Bulletin brings some good news for China indicating that that the EB-5 immigrant visa category will advance by four months for China, from May 1, 2013 to September 1, 2013. This development has come as a bit of a surprise to those of you who follow Charles (“Charlie”) Oppenheimer’s, chief… Continue Reading

Posted in EB-5 Program

Breaking News: legislative update on bill S. 1501 to authorize the EB-5 program by Greenberg Traurig advocate and EB-5 Investment Coalition founder, Laura Reiff.  We encourage everyone to listen to this podcast on this analysis and what it means for: EB-5 regional centers, developers and projects Individual EB-5 investors Migration agents and broker dealers working… Continue Reading

Posted in Immigrant Visa

Introduced in September 2013, the DS-260 online filing replaced the paper-based DS-230 Application for Immigrant Visa and Alien Registration for all immigrant visa applications. The National Visa Center in its guidance addressed this change as one that will streamline and expedite the immigrant visa process.  Recently however, in addition to extensive delays and other issues,… Continue Reading

Posted in General

Greenberg Traurig Shareholder Ian Macdonald was interviewed for the Law360 Q&A to discuss his practice and what he believes to be on the horizon for immigration law. Macdonald identifies various areas of immigration that require reform and addresses the importance in the global mobility space. Read Law360’s Q&A With Greenberg Traurig’s Ian Macdonald.

Posted in General

Greenberg Traurig Shareholder Laura Reiff provides insight into her career as an immigration attorney in the recent Law360 Q&A article.  Law360 was interested in learning more about the challenges Reiff faces, what areas of the immigration practice are in need of reform, and other important topics. Read Law360’s Q&A With Greenberg Traurig’s Laura Reiff.

Posted in EB-5 Program, Regional Center

EB-5 Investment Coalition Applauds Bipartisan Effort on Reform Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) and Senate Judiciary Committee Ranking Member Patrick Leahy (D-Vt.) introduced bi-partisan legislation to extend and  improve the job-creating immigrant investor visa program, known as EB-5, which is set to expire in September.  The American Job Creation and Investment Promotion Reform Act… Continue Reading