Starting February 1, 2013, those who receive an immigrant visa package from a U.S. consulate or embassy abroad must pay both the Department of State application fee and the new $165 USCIS Immigrant Fee for each applicant. The Fee can be paid online through the USCIS.gov website. Failure to file the new fee will not… Continue Reading
During his speech on January 29 in Las Vegas, President Obama announced his principles for Comprehensive Immigration Reform. As part of the president’s plan to overhaul the current broken immigration system, he noted the need to make permanent the EB-5 Regional Center Program that is currently set to expire on September 30, 2015. The program was introduced in 1992 and implemented in 1993. Since that time, it has continually been reauthorized by Congress on a temporary basis.
STRATEGIC BUSINESS CONSULTINGADVANCED & PRACTICAL IN-DEPTH EB-5 Finance Workshop EB-5 Immigration process overview and Regional Center project presentations Date: February 7 and 8, 2013 10:00 am – 6:00 pm Agenda: February 7, 2013 • Migration Attorneys/Agents • Financial Institutions • Business Attorneys • Investment Bankers • Financial/tax Advisors • Accounting Firms • EB-5 Consultants… Continue Reading
In their recent Immigration Compliance blog post, our colleagues Laura Reiff and Nataliya Binshteyn discuss President Obama’s plan for comprehensive immigration reform, which he will unveil during a visit to Nevada on Tuesday, January 29. Calling reform “a top priority” of his second term, the president will call for legislation that creates a path to citizenship for the millions of undocumented immigrants currently living in the United States.
By Laura Reiff and Nataliya Binshteyn According to the White House, President Obama will unveil his plan for comprehensive immigration reform during a visit to Nevada on Tuesday, January 29. Calling reform “a top priority” of his second term, the president will call for legislation that creates a path to citizenship for the millions of… Continue Reading
Congress’s stated purpose in allowing EB-5 investment in USCIS-approved regional centers was to promote “economic growth,…improved regional productivity, job creation, and increased domestic capital investment.” Regional centers have admirably risen to this objective, providing rich sources of capital investment for a variety of projects across the nation. Particularly in the current economic climate where capital… 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
The American Immigration Lawyers Association released helpful tips for EB-5 petitions for Korean nationals: Foreign Currency Wire Issue: There is a specific foreign currency provision under South Korean law allowing EB-5 investors to wire funds for investment based on documentary evidence that the person will be able to immigrate under the EB-5 investor category…. Continue Reading
Having trouble viewing this email? Click here. 2013 National EB-5 Finance Seminar Tour with Greenberg Traurig (Dallas, TX)Hosted by Artisan Business Group, Inc. ADVANCED & PRACTICAL IN-DEPTH EB-5 Finance Workshop 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 ,… Continue Reading
We are pleased to announce that Greenberg Traurig’s EB-5 team is assisting the City of Miami in establishing a Regional Center for Foreign Investment under the U.S. Citizenship and Immigration Services investment visa program. GT’s EB-5 team will help guide the City of Miami through the EB-5 process, assisting with outside professionals as they develop… Continue Reading
Currency Restrictions: Chinese currency laws generally restrict its citizens’ exchanges for U.S. dollars to $50,000 per person per year. This makes it nearly impossible for investors residing in China to legally transfer sufficient funds to make EB-5 investments on their own. Thus Chinese investors commonly take a “friends and family” approach to making the… Continue Reading