On May 6, 2019, Charles Oppenheim, chief of the U.S. State Department Visa Control and Reporting Division, presented at the IIUSA Conference in Washington, D.C. on the state of visa backlogs for EB-5 immigrant visa applicants. Mr. Oppenheim reported on a number of important issues summarized in this blog. Between approximately Oct. 1, 2018, and… Continue Reading
It is widely known that India has become a major EB-5 investor market in recent years, as EB-5 is becoming an increasingly popular option for Indian nationals who seek permanent residence in the United States; the fact that there has been a growing number of high-net-worth individuals in India clearly helps to stimulate this demand…. Continue Reading
Charlie Oppenheim is the Chief of Visa Control and Reporting Division for the U.S. Department of State (DOS) where he is responsible for providing analysis and prediction for immigrant preference categories. After the release of the July 2016 visa bulletin Mr. Oppenheim provided the following information regarding employment-based petitions to AILA: EB-2 and EB-3 – China:… Continue Reading
Matt Galati, an associate in Greenberg Traurig’s Business Immigration & Compliance Practice, wrote an article for EB5 Investors regarding India loosening currency restrictions, making it easier for the EB-5 investment funds to be transferred out of the country. Read the full article here.
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