In their China Newsletter, our colleagues in Shanghai, George Qi and Dawn Zhang, discuss China’s recent outbound investment initiatives.
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December 2012
My EB-5 Wishlist for 2013
1. Faster processing times for EB-5 related petitions across the board. For the better portion of 2012, USCIS has repeatedly stated at EB-5 Stakeholder events that their target processing times…
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Understanding the Implications of Retrogression in the EB-5 Category
According to the December 2012 Visa Bulletin issued by the U.S. Department of State due to increased demand in the EB-5 immigrant investor visa category visa retrogression for Chinese born…
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USCIS to Implement New $165 Immigrant Fee on February 1, 2013
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…
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The Inadvertent Broker-Dealer: Using EB-5 New Commercial Enterprises to Raise Capital for Project Companies
Many regional centers form limited partnerships or other pooled investment vehicles known as new commercial enterprises in EB-5 terminology to raise capital for project companies seeking to use the regional center’s designation granted by the USCIS. These regional centers may be motivated by keeping the identity of their migration agents confidential or simply by the desire to generate a greater economic return for its principals by paying investors a preferred return of 2% while charging the project companies 5% interest, thereby making the spread. Whatever the reason, the repeated formation of pooled investment vehicles to provide financing to project companies may constitute capital raising (i.e., effecting transactions in securities) for the account of others which requires registration as a broker-dealer under Section 15(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).Continue Reading The Inadvertent Broker-Dealer: Using EB-5 New Commercial Enterprises to Raise Capital for Project Companies
Greenberg Traurig Partners with Artisan Business Group for 2013 National EB-5 Finance Seminar Tour
International law firm Greenberg Traurig LLP will partner with Artisan Business Group, Inc. for the 2013 National EB-5 Finance Seminar Tour. The 8-city tour will expose participants to a unique…
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