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Category Archives: EB-5 Program

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Posted in EB-5 Program, I-526, Immigrant Investor, Immigrant Visa

The U.S. State Department (the “State Department”) issued good news for Chinese EB-5 investors today. The October 2014 Visa Bulletin reflected the EB-5 visa is current for mainland-born Chinese EB-5 investors. As we noted in August, the State Department made an announcement that as of August 23, 2014, EB-5 immigrant visa numbers for Chinese nationals… Continue Reading

Posted in EB-5 Program

As a follow-up to our webinar on September 3rd regarding potential legislative and administrative action on EB-5 and other immigration relief, the White House has decided to postpone any administrative action until after the November elections. As explained during our webinar, we did believe that such a delay could be precipitated by the political tensions… Continue Reading

Posted in EB-5 Program, Immigrant Investor

Last week, Greenberg Traurig EB-5 attorneys Laura Reiff and Steve Anapoell spoke at the first of many monthly informational sessions hosted by the city of Miami’s Office of International Business Development. The event began with a press conference with the mayor of Miami in City Hall and was followed by a widely attended informational session… Continue Reading

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 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 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

Posted in EB-5 Program

Greenberg Traurig’s Business Immigration & Compliance practice announced today its role in the formation of The EB-5 Immigration Coalition together with Pathways EB-5, The National Association of Homebuilders and The Real Estate Round Table. The Coalition is a broad-based organization of businesses and trade associations with the shared mission to support and promote the continuation… Continue Reading

Posted in EB-5 Program

We previously blogged that in responding to RFEs and NOIDs on a Form I-526 or I-924, it appears that traceable mail, including FedEx and UPS deliveries, are delivered first to an office of the National Security Council in Capitol Heights, MD for screening before being forwarded to USCIS in Washington, DC.  We have received communication… Continue Reading

Posted in EB-5 Program

With the move of the EB-5 Program Office from the California Service Center to USCIS Headquarters, several petitions, including Form I-526, Immigrant Petition by Alien Entrepreneur, and Form I-924, Application for Regional Center Designation, are now adjudicated in Washington, DC.    Requests for Evidence (“RFEs”) and Notices of Intent to Deny (“NOIDs”) issued by the… Continue Reading

Posted in EB-5 Program, I-526, I-924

As of February 2014, the Investor Program Office in Washington D.C. will be adjudicating all I-924 and I-526 petitions.  Overseeing this transition is Mr. Nicholas Colucci, the EB-5 Program Director.  The Investor Program Office in Washington D.C. is hoping to have approximately 100 staff by September 30, 2014 and Mr. Colucci has expressed optimism that… Continue Reading

Posted in EB-5 Program

On April 23, 2014, Nicolas Colucci, EB-5 Program Director, and Dr. Winslow Sargeant, Chief Counsel for Advocacy of the U.S. Small Business Administration’s Office of Advocacy, hosted an USCIS EB-5 Stakeholder Teleconference. Unfortunately, the teleconference was limited to only viewpoints and suggestions from stakeholders, and no substantive case questions or issues were answered by Mr…. Continue Reading

Posted in EB-5 Program

After an EB-5 Investor receives an I-526 Petition approval, they will either file a Form I-485, Adjustment of Status, or apply for an immigrant visa abroad. EB-5 Investors who receive an immigrant visa abroad will enter the U.S. to activate their conditional permanent residency. Once an overseas EB-5 investor enters the U.S., they will receive… Continue Reading

Posted in EB-5 Program, Securities Law

In connection with an EB-5 program, foreign investors are offered a special subset of private funds and securities offerings made through regional centers and non-regional centers approved by the USCIS. In certain instances, when the securities are offered or sold by an intermediary, these transactions are subject to US securities laws. There is a significant… Continue Reading

Posted in EB-5 Investment, EB-5 Program

The stated USCIS processing time for an I-924 Application is officially 13 months as of April 2014.  With the additional time to develop the necessary documents to establish the regional center and file the I-924 application with USCIS, the process may take as long as 15-18 months to become a USCIS designated regional center.  Unfortunately,… Continue Reading

Posted in EB-5 Program, USCIS

U.S. Citizenship and Immigration Services (USCIS) will hold an EB-5 Stakeholder Teleconference on Wednesday, April 23, 2014 from 2:30pm to 4:00pm (EST).   Stakeholders are invited to participate telephonically to discuss future regulatory changes for the EB-5 Immigrant Investor Program. USCIS is working towards making regulatory improvements to enhance the efficiency and integrity of the EB-5 program…. Continue Reading

Posted in EB-5 Program, Immigrant Investor

Greenberg Traurig EB-5 attorney Cory Richards recently published an article on EB5 Investors blog entitled “What do the Chinese Real Estate Market and EB-5 have in common?” The article is particularly relevant to Chinese investors who are determining source of funds options for their EB-5 investment. The rapid growth in the real estate market has… Continue Reading

Posted in EB-5 Program, General

Greenberg Traurig EB-5 Attorney Kate Kalmykov was recently quoted in a CNNMoney article entitled “Rich Chinese overwhelm U.S. visa program,” which outlines the surge of interest among the Chinese in the U.S. EB-5 Immigrant Investor Program. According to the article, Chinese nationals account for more than 80% of EB-5 visas issued by the United States…. Continue Reading

Posted in EB-5 Program

Greenberg Traurig EB-5 attorney Kate Kalmykov has been traveling throughout Asia over the past several weeks meeting with agents, local media (access to recent interview here) and GT EB-5 clients. Kate’s meetings in Shenzhen, Guangzhou, Hangzhou, Fuzhou, Hong Kong, Hanoi, Ho Chi Minh City and Siem Reap Cambodia have revealed, among many other things,  two… Continue Reading

Posted in EB-5 Program

The State Department issued EB-5 visa availability projections in their March 2014 Visa Bulletin which did not contain any mentions of retrogression of the EB-5 visa category. The EB-5 visa category is listed as “Current” under section E “Visa Availability in the Coming Months” without any mention of a possible cut-off date being established. This… Continue Reading

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

On March 6, 2014, Representative Jared Polis (D-CO), along with Representative Joe Garcia (D-FL), Representative Matt Salmon (R-AZ) and Representative Mark Amodei (R-NV), introduced The American Entrepreneurship and Investment Act of 2014. A copy of the bill and an official Section by Section overview have been made available. The legislation would, among the other items… Continue Reading

Posted in EB-5 Program

As part of a continuing look at the EB-5 Regional Center Program, the Ranking Minority Member of the Senate Homeland Security and Governmental Affairs Committee has recently sent out letters to Regional Centers that have been designated by the Department of Homeland Security seeking information about the Center and the projects. Specifically, the letters request:… Continue Reading

Posted in EB-5 Program

On February 12, 2014, the Canadian Government terminated its current Investor and Entrepreneur programs calling them inefficient and backlog-ridden. See article here. Canada will be implementing two new pilot programs that focus on experienced business professionals and entrepreneurs. Details of these new pilot programs have yet to be released. Investors who were thinking about the… Continue Reading