Today, President Trump joined Senator David Perdue (R-GA) and Senator Tom Cotton (R-AR) announcing the introduction of a bill titled “Reforming American Immigration for a Strong Economy Act,” known also as the “RAISE Act.” The president praised the work of the senators and in a statement added, “We want a merit-based system. One that protects… Continue Reading
On July 11, 2017 the Department of Homeland Security (DHS) announced that it is temporarily delaying the effective date of the International Entrepreneur Final Rule (the IE Final Rule). The effective date is delayed from July 17, 2017, to March 14, 2018, except for a minor provision which adds the Form FS-240, Consular Report of… Continue Reading
EB5Investors Magazine has profiled five attorneys from Greenberg Traurig, LLP in its list of the “Top 25 Immigration Attorneys in the EB-5 Industry.” Kate Kalmykov, Laura Reiff, Bruce Rosetto, Jennifer Hermansky, and Dillon Colucci were selected through a combination of community member votes, input from the editorial board, and analysis from the EB5 Magazine in-house… Continue Reading
Greenberg Traurig’s EB-5 team thanks our clients, colleagues and fellow EB-5 industry members for a successful 2015 and looks forward to the new year ahead.
2015 年12月2日，国会参议院和众议院关于改革EB-5计划和延期该计划至2019年9月30日的讨论草案修改稿，再次在参、众两院有限议员团组中传阅。讨论草案的主要条款，将会对EB-5计划作出更改，其内容概要如下： 创造就业的算法：允许90%的非直接就业工作，这意味着10%的工作必须是直接就业工作。创造就业实体和新商业体的雇员可以视为直接就业工作。讨论草案包括一项条款，规定经济分析局（BEA）必须认可创造就业算法。草案还包括关于迁移就业，公开销售的债券，以及早先法案中没有包括的建筑就业条款。值得注意的是，如果付诸生效，租户占用就业在特定情况下可以允许，但是需要经济上和统计上有效的算法支持。另外一方面，如果生效，有一条款明确禁止外国投资人资金购买市政债券或其它债券。此外，少于24个月全职建筑就业工作的时间可以汇总来满足创造就业要求。 目标就业区（TEA）：目标就业区定义如下：1）优先投资区域；2）农村区域；3）特殊投资区域；4）军用基地关闭转移区域；或5）不在城市统计区内的人口普查地带或邻接地带区域，其贫困率至少为20%或者中位家庭收入不超过该州中位家庭收入的80%。 2,000个签证名额用于投资农村区域的投资移民，2,000个签证名额用于优先投资区的投资移民（相关定义如下）。每个财政年度末，每个类别未用的签证名额，在下一个年度只可用于同一类别，但是，第二个财政年度后，如果名额仍然未用完，则剩余名额可被其它类别使用。国土安全部有目标就业区确定权，不受联邦或州政府或非政府实体的约束。 相关定义： 优先投资区：在城市统计区内的人口普查地带或邻接地带区域，并且1）失业率至少是全国平均水平的150%，可以包括毗邻符合失业率要求地带的任何人口普查带；2）贫困率至少为20%；或者3）中位家庭收入不超过该州中位家庭收入或该城市统计区中位家庭收入的80%，以两者中较高者为准。 特别投资区：人口普查地带或不超过12个邻接地带区域，其1）失业率至少是全国平均水平的150%；并且不可以包括含有特别土地使用带的或覆盖水体的人口普查地带，除非投资项目实际位于该普查地带内。 EB-5品质基金：讨论草案中有一项规定，要求根据区域中心规模收取费用 – 区域中心缴纳$25,000年费，除非区域中心投资人数低于20人，此情况下，年费$10,000。此外，区域中心需要为每个投资人额外付费$1,000。 投资额增加：讨论草案条款将非目标就业区（TEA）最低投资额调高到1,000,000，将目标就业区（TEA）、制造业、基础建设或军用基地关闭转移区域（BRAC）的最低投资额调高到$800,000。最低投资额根据通胀指数每5年或每年调整。 生效日期：讨论草案包括生效日期的具体规定。创造就业、资金来源、目标就业区，以及最低投资额的规定将于法案实施日即时生效。草案中其它条款或者于法案实施日生效，或者最迟于法案实施日90天后生效。规定也适用于投资人I-829取消绿卡条件申请，如果其I-526申请在法案实施日之前提交。换句话说，即使I-829申请在法案生效后提交，只要其I-526申请在法案实施日之前提交，创造就业、资金来源、目标就业区，以及最低投资额的改变，不予适用。 此讨论草案对2015年11月初传阅的第一版草案中的措辞有所修改。鉴于投资移民计划目前延期至2015年12月11日，此讨论草案可能会被纳入全面预算法案中，在到期日前通过。投资移民计划也可能被延期，从而国会有更多时间解决仍有争议的细节。
Today USCIS released performance data on I-526 and I-829 petitions. The data provides an overview across several segments for case status (received/approved/denied/pending) for FY 2008 through FY 2015. Data for FY 2015 is broken down by quarter. The chart below summarizes USCIS statistics on I-526 filings: Comparing this data to similar information in 2013 is… Continue Reading
Greenberg Traurig presented to potential investors in Vietnam in Hanoi and Ho Chi Minh City on the EB-5 program last week. Kate Kalmykov was in attendance as a guest speaker to discuss the Hot Topics in EB-5 for Vietnamese investors, providing the audience with the most current information on the proposed EB-5 legislation, potential increases… Continue Reading
USCIS updated its processing times for the Immigrant Investor Program Office on Feb. 11, 2015. Unfortunately, the news is not welcome. Processing times ticked up slightly to 14 months for I-526 Petitions, 11.4 months for I-829 Petitions and 11.1 months for I-924 Applications. The I-924 Application processing time has risen a full seven months from a low… Continue Reading
Earlier this month, attorneys in Greenberg Traurig’s multi-disciplinary EB-5 group held an “EB-5: Green Card Through Investment” seminar in Miami, Florida, for Venezuelan investors interested in utilizing the EB-5 Program. The day-long seminar covered several topics in connection with the EB-5 Immigrant Investor Program, including SEC considerations, the immigration process for EB-5 and international tax… Continue Reading
Please join Greenberg Traurig’s Business Immigration & Compliance practice for a webinar entitled Executive Action on Immigration Reform: Now What? Due to the nature of this development, GT will offer two opportunities to participate in this webinar. Friday, November 21st | 1:00 – 2:30pm ET Monday, November 24th | 1:00 – 2:30pm ET Topics include: What Executive… Continue Reading
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
2013 National EB-5 Finance Seminar Tour Philadelphia June 26, 2013 8:30 AM to 9:00 AM – Registration 9:00 AM to 4:30 PM – Program Advanced & Practical In-Depth EB-5 Finance Workshop Greenberg Traurig LLP will host the fifth event of the 2013 National EB-5 Finance Seminar Tour in Philadelphia. The seminar will expose participants to… Continue Reading
2013 National EB-5 Finance Seminar Tour New York City Wednesday, April 10, 2013 8:30 AM to 9:00 AM – Registration 9:00 AM to 4:30 PM – Program Advanced & Practical In-Depth EB-5 Finance Workshop Artisan Business Group will partner with the international law firm Greenberg Traurig LLP for the 9-city 2013 National EB-5 Finance Seminar… Continue Reading
By Steven Felsenstein From time-to time the U.S. Securities and Exchange Commission decides to remind everyone about what is necessary to comply with a provision of the securities laws. A recent example of this occurred last week when the SEC announced a settlement (In the Matter of Ranieri Partners, LLC and Donald W. Phillips; File… Continue Reading
The Real Estate Practice at the international law firm Greenberg Traurig LLP has been selected as a Real Estate Practice Group of the Year by Law360, a legal news service. The group, with more than 200 real estate practitioners spanning 35 offices, was also bestowed with this honor in 2011. “This outstanding achievement reflects an… Continue Reading
USCIS announced that beginning 2/1/13, the Agency will collect a new immigrant fee of $165 from foreign nationals seeking U.S. permanent residence. Applicants can pay online through USCIS website after receiving visa package from DOS & before departing for the U.S.
On October 1st many U.S. Embassy and Consulates overseas, as well as the National Visa Center stopped processing EB-5 based immigrant visa petitions for regional centers due to a mistake in the October visa bulletin. The visa bulletin for October 2012 erroneously noted that immigrant visa numbers for I-526 petitions approved through the EB-5 Regional… Continue Reading
Kate Kalmykov, of counsel in Greenberg Traurig’s New Jersey office, has been selected as one of New Jersey Law Journal’s “New Leaders of the Bar” — the rising stars in the New Jersey legal profession.
I will participate in the 2012 US-China-India Investment and Business Forum hosted by Artisan Business Group. This two day conference will be held on August 23-24 at the Chicago Embassy Suites Downtown/Lakefront. The August 23rd forum will focus on the EB-5 regional center program and in-bound Chinese investments through the EB-5 regional center program and direct… Continue Reading
On July 11, 2012, Charlie Oppenheim, Chief of Visa Control at the U.S. Department of State issued data for EB-5 visa usage in fiscal year 2012. The data shows that the top five countries using the EB-5 visa are: China – 3,710 EB-5 visas South Korea -335 EB-5 visas Taiwan – 106 EB-5 visas Venezuela… Continue Reading
Every fiscal year (October 1st – September 30th), approximately 140,000 employment based immigrant visas are made available to qualified applicants. These employment based visas once approved serve as the basis for an individual’s green card application once approved. Spouses and minor children under 21 years of age may accompany or follow-to-join employment based immigrants. Employment… Continue Reading
The Internal Revenue Service recently proposed enormously complex regulations under the Foreign Account Tax Compliance Act. The attached GT Alert discusses the challenges that a U.S. real estate fund or joint venture with foreign investors or lenders will face under these proposed rules. GTAlert_FATCA Regs on US RE Deals With Non-US Investors_May2012
EB-5 investments are either $1,000,000 or $500,000 depending upon whether an investor can demonstrate that a project is located in a rural area or an area which has experienced unemployment of at least 150% of the national average rate. These geographical areas are known as “Targeted Employment Areas” or TEAs. It is a popular misperception… Continue Reading