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
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March 2014
GT EB-5 Team Serves as Panelists, Moderators at Recent EB-5 Conference in Las Vegas
Earlier this month, several members from Greenberg Traurig’s EB-5 team attended EB5 Investors magazine’s Las Vegas EB-5 Conference featuring keynote speaker Congressman Jared Polis, Chair of the NewDem Coalition’s Immigration…
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EB-5 and the Child Status Protection Act – What You Need to Know
A primary motivation for many EB-5 investors is acquiring permanent residency status for their children in hopes that they can attend American universities and secure jobs in the United States…
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GT EB-5 Attorney Kate Kalmykov Meets with Clients, Agents and Local Media Throughout Asia
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…
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U.S. Department of State March Visa Bulletin Does Not Predict Retrogression
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…
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House Member Introduces Bi-Partisan Immigration Legislation to Enhance and Augment the EB-5 Regional Center Program
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 listed below, make the Regional Center program permanent and improve the program by addressing key administrative and substantive concerns. Some of the specific proposals in the bill include:
- Improved definition of Targeted Employment Area (TEA) designations
- Codifies the current TEA designation authority, which leaves such designations up to the states, which are best equipped to determine local employment needs. This is consistent with USCIS’s May 30, 2013 “EB-5 Adjudications Policy (PM-602-0083);
- Lowers the minimum capital investment required from $1,000,000 to $500,000; and
- Expands the TEA designation for areas where a military installation was closed and where a State or the Federal government has designated an area as an economic development incentive program.
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Greenberg Traurig Discusses Recent Changes to Regulation D Rule 506
Greenberg Traurig Corporate & Securities Shareholder Bruce Rosetto recently co-authored an article in Practical Law Company entitled “Navigating the Recent Changes to Regulation D Rule 506”. The pieces focuses on…
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Laura Reiff Publishes “The Tug of War Between the Hill and the Agency” in eb5 investors Magazine
Greenberg Traurig EB-5 Attorney Laura Reiff recently published an article in eb5 investors magazine. The piece is entitled “The Tug of War Between the Hill and the Agency” and focuses…
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