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EB-5 Insights Where Government Policies and Business Realities Converge

Monthly Archives: July 2015

Posted in EB-5 Program, USCIS

As we previously reported, USCIS has recently changed its policy of allowing loans to be a source of an investor’s lawful capital. Many stakeholders have reported that I-526 Petitions are being denied when the investor does not wholly own the real property used to collateralize the loan. USCIS has stated that proceeds from a loan may qualify… Continue Reading

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

On July 29, Representative Zoe Lofgren, Ranking Member of the House Judiciary Committee, Subcommittee on Immigration and Border Security, and Representative Luis Gutiérrez introduced H.R.3370, the Entrepreneurial Business Creating Jobs Act of 2015 to permanently reauthorize and reform the EB-5 Regional Center Program. Representative Lofgren’s sectional summary can be found here. The legislation provides visas… Continue Reading

Posted in EB-5 Program

The National Association of Counties (NACo) hosted its 80th Annual Meeting where it discussed various proposed policy resolutions and platform changes. One such resolution was one supporting the EB-5 resolution to make the EB-5 program permanent. The steering committee unanimously voted in support of the EB-5 resolution, and the Board of Directors formally adopted the… Continue Reading

Posted in EB-5 Program, Immigrant Visa, USCIS

The White House has just released a new report titled “Modernizing & Streamlining our Legal Immigration System for the 21st Century,” which builds on the President’s executive actions of Nov. 21, 2014. This report provides for plans to improve the immigration system to modernize and streamline the processes for certain visa categories and to address… Continue Reading

Posted in EB-5 Program, Regional Center

On Sept. 28, 2012, just two days shy of its expiration, the EB-5 Regional Center Program was extended for three years when President Obama signed S.3245 into law.  The bill was sponsored by Senator Patrick Leahy, and cosponsored by Senators Grassley, Kohl, Hatch, Rubio, Schumer, Lee, Conrad, and Collins.  It had no short title, listed… Continue Reading

Posted in Firm News, General

Greenberg Traurig, LLP has announced that it will open in Germany on Oct. 1, 2015. The firm will serve the German market from Berlin with more than 50 lawyers and current staff from the Olswang office in Berlin. The new Berlin office will complement our existing platform in London, Warsaw, Amsterdam, Tel Aviv and, through… Continue Reading

Posted in Awards & Recognitions

Greenberg Traurig’s Business Immigration & Compliance Practice has been shortlisted for The Legal 500 United States 2015 Awards in the areas of “Labor and Employment – Immigration.”  The team of more than 100 experienced legal professionals provides a wide range of services including immigration policy development, immigration compliance, U.S. work visas and permanent residence, global immigration, legal… Continue Reading

Posted in Immigrant Investor, USCIS

On June 4, 2015, USCIS’ Immigrant Investor Program Office (IPO) hosted a stakeholder engagement to discuss expenses that are, or are not, includable for job creation under the EB-5 program. This engagement is part of the IPO’s EB-5 interactive series, which covers in depth topics and provides an informative discussion for EB-5 stakeholders. As stated… Continue Reading

Posted in Immigrant Investor

Chinese buyers bought more U.S. homes, for more money, than any other foreign buyers last year, according to a new report released by the National Association of Realtors. The report is based on a survey of realtors about existing home sales to foreigners over the period of April 2014 through March 2015; for purposes of… Continue Reading