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EB-5 Insights Where Government Policies and Business Realities Converge

Tag Archives: Immigrant Investor

Posted in EB-5, EB-5 Immigrant Investor Program, USCIS

Today, the U.S. Senate Committee on the Judiciary held an oversight hearing on the Immigrant Investor EB-5 program.  The well-attended full committee hearing focused on reported fraud within the current program and the path forward for EB-5.  The sole witness was USCIS Director Francis Cissna. There were a few takeaways from the hearing, including: Director… Continue Reading

Posted in EB-5 Investment, EB-5 Program, Eb-5 Regional Center, Immigrant Investor

Yesterday, the leading EB-5 Trade Associations/Coalitions sent a letter to the Senate and House Judiciary Committee Leaders and Members expressing support for extending the EB-5 Regional Center Program and recommending concrete changes.  This is a decisive moment for the EB-5 Industry as the key members of the community are all speaking with one voice This… Continue Reading

Posted in Events

Greenberg Traurig will host the First Annual International Entrepreneurs Summit of Philadelphia at the International House Philadelphia on March 22.  The First Annual International Entrepreneurs Summit of Philadelphia is an opportunity for foreign entrepreneurs and international students, including scholars and researchers interested in starting a business, to learn about launching a venture in the region…. Continue Reading

Posted in EB-5 Job Creation, EB-5 Program

On Feb. 2, 2016, the Senate Judiciary Committee held its first hearing of the year regarding the EB-5 Program. The Committee took testimony from Chief of the U.S. Citizenship and Immigration Services Immigrant Investor Program Office, Nicholas Colucci, and the Associate Director, Division of Enforcement of the Securities and Exchange Commission, Stephen L. Cohen. Mr…. Continue Reading

Posted in EB-5 Investment, EB-5 Program, Immigrant Investor, USCIS

The USCIS Immigrant Investor Program Office (IPO) held its first stakeholder engagement of 2016 on Feb. 3. Primarily speaking for USCIS were Nicholas Colucci, Chief of the IPO, Julia Harrison, Deputy Chief of the IPO, and Laurie McKenzie, the new Division Chief of Policy and Performance. Processing Times and Backlog Reduction Issues As has been… Continue Reading

Posted in EB-5 Program, Speaking Engagement, Uncategorized

Earlier this month, attorneys in Greenberg Traurig’s multi-disciplinary EB-5 group held an “EB-5: Green Card Through Investment” seminar in Miami, Florida, for Venezuelan investors interested in utilizing the EB-5 Program. The day-long seminar covered several topics in connection with the EB-5 Immigrant Investor Program, including SEC considerations, the immigration process for EB-5 and international tax… Continue Reading

Posted in Immigrant Investor

As previously reported by Greenberg Traurig’s EB-5 team, the U.S. Department of State recently announced that immigrant visa numbers for Chinese nationals in the EB-5 category will become unavailable through September 30, 2014 which will mark the end of Fiscal Year 2014. To  address this development, Greenberg Traurig and EB5 Investors magazine will host a… Continue Reading

Posted in USCIS

U.S. Citizenship and Immigration Services (USCIS) invites Stakeholders to participate in a new online tool called the USCIS Idea Community, where they can share ideas and opinions related to the EB-5 Immigrant Investor Program.  Stakeholders can visit the Idea Community until May 8 to provide ideas and feedback on potential regulatory changes and the future… Continue Reading

Posted in Immigrant Visa

The American Immigration Lawyers Association (AILA) is reporting to members that on Monday April 21, 2014 Mr. Charlie Oppenheim of the Department of State’s Visa Office (VO) spoke to AILA members Roberta Freedman and Michael Nowlan regarding what the Visa Office is predicting for visa demand and what might be expected in terms of Visa… Continue Reading

Posted in EB-5 Program

On February 12, 2014, the Canadian Government terminated its current Investor and Entrepreneur programs calling them inefficient and backlog-ridden. See article here. Canada will be implementing two new pilot programs that focus on experienced business professionals and entrepreneurs. Details of these new pilot programs have yet to be released. Investors who were thinking about the… Continue Reading

Posted in Regional Center

Cory Richards recently authored an article on EB5investors.com’s blog entitled “Shining Light on TEA Designation”. The article outlines the requirements that determine if a location for a Regional Center is considered a targeted employment area (“TEA”). This is of particular interest to investors as a TEA designation decreases the minimum qualifying investment amount from $1… Continue Reading

Posted in EB-5 Program, Immigrant Investor

Navigating the geographically specific difficulties of the EB-5 process can be particularly tricky for Investors in the Middle East. Domestic policies such as currency remittance limits and free trade zones, as well as United States trade restrictions, are some of the most common difficulties that Middle Eastern investors may face. Below is a discussion covering… Continue Reading

Posted in EB-5 Program, Immigrant Investor

On August 14, 2013, the Reserve Bank of India (RBI) announced a series of measures designed to stem the sharp decline in currency value as the rupee fell to an all-time closing low against the dollar. The new policies, which aim to ease pressure on the rupee and stem the flow of foreign currency outside the country,… Continue Reading

Posted in EB-5 Program, Speaking Engagement

Greenberg Traurig had the most representatives of any law firm at the EB5Investors.com 2013 Southern California conference. The EB-5 conference took place Monday, July 15, at the Balboa Bay Club & Resort in Newport Beach, California. The conference is the premier EB-5 stakeholder and dealmaker conference each year. In addition to the organizers, our own… Continue Reading

Posted in EB-5 Program, Immigrant Investor

Investment in the EB-5 Immigrant Investor Program is a pathway to United States citizenship that is increasing in popularity. This illustration outlines a ten step process for a direct investment, including necessary documentation, processing times and benchmarks. These steps – from your business plan to developing the I-829 template – are important to understand when… Continue Reading

Posted in EB-5 Program, Inspector General, Regional Center

Last week, I travelled to the Bahamas to speak at the American Immigration Lawyers Association’s EB-5 conference.  Without a doubt, USCIS’ change in position regarding the ability of regional centers to count jobs generated from tenants was a concern for many stakeholders in attendance and was addressed during numerous conference panels.  The new stance on the tenant occupancy economic methodology has… Continue Reading

Posted in EB-5 Program, EB-5 Project, Immigrant Investor, Regional Center

We are often called in to speak to developers, private equity funds and other organizations that have an interest in having one or more projects adopted by a regional center. For many companies it often does not make sense to seek their own regional center designation for a variety factors including the time and cost… Continue Reading

Posted in EB-5 Program, Immigrant Investor, Inspector General

In its efforts to continue to engage the public on EB-5 related issues the USCIS has announced two upcoming engagement sessions. Tomorrow from 3:00 to 4:00 pm EST the Service will host “A Conversation with Director Mayorkas.” The session will be an in-depth dialogue with the USCIS Director to discuss policy issues related to the… Continue Reading