On April 9, 2019, Rep. González-Colón (R-PR-At Large) introduced H.R.2173 – a bill to amend the Immigration and Nationality Act to reserve EB-5 visas each fiscal year for investors in
Continue Reading New Bill Introduced to Use Economic Abilities of EB-5 to Assist Disaster Recovery in Declared National Disaster Areas
Greenberg Traurig’s EB-5 Team recently attended the EB-5 Investor Magazine Conference in Las Vegas, NV. The 2016 Las Vegas EB-5 Conference remains one of the largest EB-5 conferences, hosting hundreds
Continue Reading Greenberg Traurig Attends the 2017 EB-5 Conference in Las Vegas, NV
Due to the complex intersection of real estate, corporate, securities and immigration law (among others), an investment in a company under the EB-5 Program can be a complicated affair. One
Continue Reading Regulatory Bodies with Oversight of an EB-5 Investment
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