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EB-5 Insights Where Government Policies and Business Realities Converge

Monthly Archives: March 2017

Posted in Awards & Recognitions, EB-5, Immigrant Investor, Immigrant Visa

The Business Immigration & Compliance Practice of Greenberg Traurig, LLP is pleased to announce that Jennifer Hermansky has been elevated to shareholder in the Philadelphia office. Hermansky focuses her immigration practice on both employment-based and family-based immigration. Specifically, she focuses her practice on EB-5 immigrant investor visas. She has prepared and filed many immigrant investor… Continue Reading

Posted in Eb-5 Regional Center, I-924, Regional Center, USCIS

USCIS announced on March 21, 2017 the launch of its EB-5 Regional Center Compliance Audit Program (Audit Program). The Regional Center Compliance Audit partially clarifies what USCIS has spoken about in public at stakeholder engagements, which is the eventual use by USCIS of site-visits to verify information submitted in EB-5 petitions. There appears to be… Continue Reading

Posted in EB-5 Program, USCIS

EB-5投资移民的一个关键要求是需要每个投资人以优势证据(“preponderance of evidence”)表明,他们投资到新商业企业的资金来自合法来源。由于许多国家的货币限制,投资人可能会通过私人资金交换的方式来与第三方互换货币。这种类型的私人货币兑换和在中东流行的“哈瓦拉”系统可能比较相似。 在典型的EB-5货币互换中,投资人将以本地货币转入第三方(实体或自然人)的账户中。然后,第三方再以等额的美元资金转入投资人的海外账户。投资人然后把收到的美元投资到一个新的商业企业。该投资人将妥善记录此货币互换交易,并提交I-526请愿书。通常情况下,投资人并没有提供关于第三方资金来源的任何信息. 直到最近,美国移民局并没有质疑协助货币互换的第三方的资金来源。不过,美国移民局似乎已经改变了内部政策,并已开始对每个使用第三方协助资金交换的案件发出补件要求。该政策似乎针对所有第三方,无论是实体还是自然人。因此,已经提交I-526申请,但未提供文件证明第三方资金来源的投资人应开始考虑,并为可能发出的补件要求做准备。尚未提交I-526申请,但打算使用第三方资金交换方式来将货币转到美国的投资人应考虑收集有关第三方资金来源的文件,这样可能有助于减少收到补件要求的可能性。

Posted in EB-5 Program, USCIS

A crucial requirement of the EB-5 Program is that each individual demonstrate by a preponderance of evidence that the monies invested in a new commercial enterprise were derived from a lawful source. Due to currency restrictions in many foreign countries, individuals may swap currency in a private exchange of funds. This type of private currency… Continue Reading

Posted in Awards & Recognitions, Immigration

Greenberg Traurig’s Business Immigration & Compliance practice was recently listed by JD Journal as one of New York City’s top immigration law firms.  JD Journal is a recognized legal resource, providing legal news and law firm news for attorneys, lawyers, law students, paralegals, law firms, and other legal professionals. Greenberg Traurig’s Business Immigration & Compliance… Continue Reading

Posted in Executive Order, Temporary Restraining Order

On March 15, 2017, the day before President Trump’s new Executive Order (EO) entitled “Protecting the Nation from Foreign Terrorist Entry into the United States” went into effect, a federal judge in Hawai’i issued a nationwide temporary restraining order (TRO) blocking the implementation of the EO. This EO, issued on March 6, 2017, revoked and… Continue Reading

Posted in EB-5 Program, I-526, I-924, Immigrant Investor, Immigration, Regional Center, USCIS

The Immigrant Investor Program office (IPO) has decided to hold in abeyance I-526 Petitions until the adjudication of an associated Exemplar I-924 Petition, even when an associated I-526 Petition is past posted processing times. This has had a particularly detrimental effect on I-526 Petitions filed prior to Sept. 30, 2015, when there was a surge… Continue Reading

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

Greenberg Traurig’s EB-5 team will sponsor and participate as an organizing committee member of the 2017 Invest in America Summit and Exhibition, the largest USA-themed investment conference and exhibition in China, with attorneys Kate Kalmykov and Laura Reiff as VIP speakers. The Summit will travel to four Chinese cities in 2017. Event dates and locations… Continue Reading

Posted in EB-5, EB-5 Program, Eb-5 Regional Center, I-526, I-829, I-924, USCIS

On March 3, 2017, the USCIS Immigrant Investor Program Office (IPO) held an EB-5 Stakeholder Engagement in which several important updates to the program were provided. “Unofficial” Statistics for Fiscal Year 2017 From October to December 2016, USCIS saw a surge in petition filings, likely due to an upcoming sunset in the EB-5 regional center… Continue Reading

Posted in Executive Order, Immigration, U.S. Customs and Border Protection (CBP), Visa

The heavily anticipated new Executive Order (EO), “Protecting the Nation from Foreign Terrorist Entry into the United States,” banning nationals from six countries from entering the United States, was signed by President Donald Trump on March 6, 2017 with an effective date 10 days following on March 16, 2017. This new EO revokes and replaces the… Continue Reading

Posted in Events, Immigrant Investor

Kate Kalmykov and Jennifer Hermansky recently attended the Investment Immigration Summit MENA in Dubai. The Summit is the leading immigration conference in the Middle East, hosting hundreds of immigration agents and consultants, private bankers and wealth managers, law firms and government officials.  Hermansky provided an outlook for EB-5 in 2017.  Kalmykov presented a workshop on L-1… Continue Reading