On September 9, 2014 the U.S. State Department (the State Department) issued the October 2014 Visa Bulletin which reflected the EB-5 visa category as “current” for mainland-born Chinese EB-5 investors. However, there is speculation and anticipation that the EB-5 visa for mainland-born Chinese EB-5 investors will become unavailable during the U.S. government’s 2014-2015 fiscal year (the U.S. government’s fiscal year runs from October 1 to September 30). If this occurs, there will be impacts felt throughout the EB-5 industry.


Continue Reading A Look Forward: FY 2014-2015 & Possible Retrogression Effects

In a welcome bit of news for the EB-5 industry, USCIS released updated processing times dated as of April 30, 2014 which show USCIS is processing I-924 applications in approximately 4.4 months. Earlier this year, the processing of I-924 applications was moved to the new Immigrant Investor Program Office (IIPO) in Washington D.C. The new EB-5 Program Director Nicholas Colucci oversaw this transition and, during the February 2014 USCIS EB-5 Public Engagement, expressed optimism that the move to the IIPO and ramp-up of new staff at the IIPO would lead to shorter processing times. This new announcement by USCIS appears to be the fruits of that labor by Mr. Colucci and the IIPO and is significantly less than the most recent processing time reports, which pegged the I-924 application processing time at approximately 12 months.

Continue Reading I-924 Processing Times Reduced to 4 Months

GT attorney Kate Kalmykov was recently quoted in Miami Today’s article “Senate pushes EB5 visa’s limits.” The article discusses the proposed changes to the EB-5 immigrant investor program
Continue Reading Kate Kalmykov Quoted in Miami Today’s article “Senate pushes EB5 visa’s limits”

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.”[1] Regional centers have admirably risen
Continue Reading 2.5 Year Rule Stifles Economic Benefits of the EB-5 Program