In their China Newsletter, our colleagues in Shanghai, George Qi and Dawn Zhang, discuss China’s recent outbound investment initiatives.
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 for all EB-5 related form types including: · I-924, Applications for Initial Regional Center Designations · I-924, Amendment Applications to Regional Center Designations · I-526,… Continue Reading
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 EB-5 investors will likely occur as early as June 2013. What is Retrogression? The Immigration and Nationality Act limits the number of green cards issued annually within… 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.
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… Continue Reading
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 alternative financing opportunity for projects that lend themselves to the EB-5 immigrant investor program. A panel of attorneys in Greenberg Traurig’s Immigration and Compliance Group will… Continue Reading