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EB-5 Insights Where Government Policies and Business Realities Converge

Monthly Archives: October 2015

Posted in EB-5 Program, I-924, USCIS

USCIS recently held a stakeholders teleconference as part of its informational series, EB-5 Interactive. The main topic of the teleconference concerned the “time to file” for the Form I-924A, which must be filed annually in order to demonstrate continued eligibility for designation as a regional center. It is increasingly important to focus on the submission… Continue Reading

Posted in Targeted Employment Area, TEA

Two members of the Senate introduced The American Job Creation and Investment Promotion Reform Act, S. 1501, in June 2015.  The bill has many provisions seeking to provide reform to the program, including provisions for integrity measures, increased capital investment amounts, and provisions to redefine Targeted Employment Areas (TEAs). Under current law, a TEA is… Continue Reading

Posted in EB-5 Program, Foreign Exchange Management Law

In an effort to promote the depreciating kyat, the Central Bank of Myanmar announced that it was revoking foreign exchange licenses issued to hundreds of businesses. Effective October 19, 2015, companies must return their foreign exchange licenses by the end of November and will no longer be able to trade in U.S. dollars. The government… Continue Reading

Posted in EB-5 Program, Events

Greenberg Traurig attorneys Laura Reiff and Kate Kalmykov recently attended and presented at the 2015 China Overseas Investment and Entrepreneurship Summit (COIES) Forum in Beijing.  This two–day international investment and business conference featured leading EB-5 industry professionals and Chinese private equity partners seeking international opportunities.  The conference aimed to help Chinese companies, entrepreneurs, and institutional… Continue Reading

Posted in Eb-5 Regional Center

参议员Rand Paul在10月1日国会议题中提出了“投资我们的社区法案”(Invest in Our Communities Act, S.2122)。这项议案中包括了“使EB-5区域中心项目永久化”这样广泛受到欢迎的改革方针。我们列出主要几点内容: 随行家庭成员(配偶和子女)将不再计入EB-5签证数额中 移除EB-5国家配额制度 为EB-5类别签证增加数量,由此签证总数分配数额将增加 要求移民局在递交申请后的180天之内作出裁定。所有证据补充要求必须在收到申请的30天内发出,裁决必须在收到补充的证据30天内作出 提供一系列的完善方案,其中包括: 区域中心经营者必须有5年之内清晰明确的运营记录 区域中心负责人必须为美国公民或合法永久居民 区域中心不能由外国政府持有或调控 不遵守美国证券法相关规定可令区域中心被吊销或终止运行 在此法案实行两年之内,需向参议院和众议院的司法委员会上交报告,详细列出以完成和待完成的计划;该计划是否已经获得联邦财政支持;是否出现市场需求超过签证数量分配。 保护“儿童”的申请状态,例如如果一份申请终止,如果其家长在一年之内发出另一份申请,且如果该“儿童”还没有结婚,那么此申请人仍旧被视为“儿童” 在国土安全局以自由裁量权吊销或终止某一位申请人的申请时,须为其在行政法官面前提供听证,并备好该申请人的所有材料及事实。国土安全局需要以具有分量的优势证据(preponderance of the evidence)来证明吊销或终止该申请是有效的。 此提案将使现行的项目中许多部分作出变更,并将对项目提供更加完善的方案。目前在114届国会中已提出的四项完整议案。我们未列出参议员Flake提出的议案,因为该议案主要集中于目标就业区改革问题。

Posted in Eb-5 Regional Center

Senator Rand Paul introduced the Invest in Our Communities Act, S. 2122, on October 1, 2015.  The bill has many provisions seeking to provide some much sought-after reform including making the EB-5 regional center program permanent.  Specifically, the legislation contains the following key points: Provides that derivative family members are eliminated from EB-5 visa number… Continue Reading

Posted in Eb-5 Regional Center, Legislation

On October 1, 2015, Senator Jeff Flake of Arizona introduced S. 2115 the “Targeted Employment Areas Improvement Act.”  The legislation proposes to amend Section 203(b)(5)(B) of the Immigration and Nationality Act as follows: Reserves 5,000 visas under the annual cap for investments made in targeted employment areas Provides that an area designated as a targeted… Continue Reading

Posted in EB-5 Program, Legislation

昨天美国国会通过了联邦政府预算临时拨款议案,其中包括对EB-5区域中心计划短期延续至2015年12月11日。我们在9月14日曾写过对EB-5区域中心项目重新授权的前景预测。点击查看文章详情 今天国会通过的持续决议(continuing resolution)包含EB-5项目, 也同时包含E-Verify, the Conrad-30 Waiver项目,和非神职宗教工作者 (Non-Minister Religious Worker) 签证项目。这项持续决议将会暂时延续上述四项项目至2015年12月11日。议案113章规定了拨款时限,113章明确写出延续EB-5项目。 近几个月来,许多人都为EB-5区域中心去留问题颇感担忧。因为国会准备对EB-5进行改革,所以9月30日成为了一个通过区域中心投资移民申请者递交文件的硬性截止日期。因为复杂的立法过程可变因素很多,I-526投资者申请和范例申请(exemplar petition)一样,加速赶在9月30日“过期”前递交材料,也是合理的考虑。 但EB-5利益相关者目前需要考虑的一个重要问题是,为什么9月30日之前被定为截止日期。比如,国会从未就是否“让区域中心过期而不再授权”这个可能性有过任何正式讨论。从国会立法者提出的议案来看,EB-5区域中心最终会进行改革。在接下来的几个月中,利益相关者需要用这个机会,对于如何能使改革有效进行,以何种方式支持就业岗位创造,及哪些产业将会加入等问题,进行意见交流。 现在国会已经明确暂时延续EB-5项目至12月初,我们仅希望实质性改革和合理的过渡日期尽快相继出台。这样能使投资者、区域中心和通过投资创造就业岗位的项目能够在可预料 、稳定的情况下顺利进行。