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EB-5 Insights Where Government Policies and Business Realities Converge

Tag Archives: TEA

Posted in Department of Homeland Security, EB-5, EB-5 Modernization Rule, EB-5 Program, Immigration Reform, TEA

On Nov. 26, 2019, a complaint for Injunctive Relief and a Temporary Restraining Order was filed by Florida EB-5 Investments, LLC against the Department of Homeland Security (DHS) challenging a Nov. 21, 2019, DHS-issued final rule amending its regulations for the EB-5 program to purportedly modernize the rules (EB–5 Immigrant Investor Program Modernization, 84 Fed…. Continue Reading

Posted in EB-5, EB-5 Program, Regional Center, USCIS

The EB-5 Regional Center Program was set to expire on Nov. 21, 2019. On Nov. 18, Congress introduced a Continuing Resolution (CR) to fund the government and extend vital programs such as EB-5 through Dec. 20, 2019. Leaders hope to use the additional time to extend current operations and complete fiscal matters and other priorities before… Continue Reading

Posted in Department of Homeland Security, EB-5, EB-5 Immigrant Investor Program

On January 13, 2017, the Department of Homeland Security (“DHS”) published a Notice of Proposed Rulemaking Making (“NPRM”) seeking to amend the current EB-5 regulations.  As required by the Administrative Procedure Act, DHS has published the  NPRM in  the Federal Register for notice to the public and has given the public a three (3) month… Continue Reading

Posted in Department of Homeland Security, EB-5, TEA

The Department of Homeland Security (DHS) has issued a notice of proposed rulemaking to be published on January 13, 2017 to amend the regulations in relation to the employment-based, fifth preference (EB-5) immigrant investor classification and associated regional centers.  The purpose of the proposed amendments is to modernize the EB-5 program.  DHS will accept comments… Continue Reading

Posted in EB-5, Government Accountability Office (GAO), I-526

The Government Accountability Office (GAO) recently reviewed a sampling of unadjudicated I-526 petitions from the fourth quarter of fiscal year 2015 to obtain information on: 1) the ratio between investors who invested in Targeted Employment Areas (TEA) or non-TEA designated projects; 2) the geographic locations in which the projects were located; and 3) the capital stack… Continue Reading

Posted in EB-5 Program, Immigrant Visa, Immigration, Targeted Employment Area

There are currently many different investment immigration programs offered by countries around the world, all of which offer their own unique benefits. Two popular programs are the EB-5 Visa Program in the United States and the Quebec Investment Immigration Program (QIIP) offered in Canada. The following comparison provides an in-depth look at the parameters of… Continue Reading

Posted in EB-5 Program, Uncategorized

2015 年12月2日,国会参议院和众议院关于改革EB-5计划和延期该计划至2019年9月30日的讨论草案修改稿,再次在参、众两院有限议员团组中传阅。讨论草案的主要条款,将会对EB-5计划作出更改,其内容概要如下: 创造就业的算法:允许90%的非直接就业工作,这意味着10%的工作必须是直接就业工作。创造就业实体和新商业体的雇员可以视为直接就业工作。讨论草案包括一项条款,规定经济分析局(BEA)必须认可创造就业算法。草案还包括关于迁移就业,公开销售的债券,以及早先法案中没有包括的建筑就业条款。值得注意的是,如果付诸生效,租户占用就业在特定情况下可以允许,但是需要经济上和统计上有效的算法支持。另外一方面,如果生效,有一条款明确禁止外国投资人资金购买市政债券或其它债券。此外,少于24个月全职建筑就业工作的时间可以汇总来满足创造就业要求。 目标就业区(TEA):目标就业区定义如下:1)优先投资区域;2)农村区域;3)特殊投资区域;4)军用基地关闭转移区域;或5)不在城市统计区内的人口普查地带或邻接地带区域,其贫困率至少为20%或者中位家庭收入不超过该州中位家庭收入的80%。 2,000个签证名额用于投资农村区域的投资移民,2,000个签证名额用于优先投资区的投资移民(相关定义如下)。每个财政年度末,每个类别未用的签证名额,在下一个年度只可用于同一类别,但是,第二个财政年度后,如果名额仍然未用完,则剩余名额可被其它类别使用。国土安全部有目标就业区确定权,不受联邦或州政府或非政府实体的约束。 相关定义: 优先投资区:在城市统计区内的人口普查地带或邻接地带区域,并且1)失业率至少是全国平均水平的150%,可以包括毗邻符合失业率要求地带的任何人口普查带;2)贫困率至少为20%;或者3)中位家庭收入不超过该州中位家庭收入或该城市统计区中位家庭收入的80%,以两者中较高者为准。 特别投资区:人口普查地带或不超过12个邻接地带区域,其1)失业率至少是全国平均水平的150%;并且不可以包括含有特别土地使用带的或覆盖水体的人口普查地带,除非投资项目实际位于该普查地带内。 EB-5品质基金:讨论草案中有一项规定,要求根据区域中心规模收取费用 – 区域中心缴纳$25,000年费,除非区域中心投资人数低于20人,此情况下,年费$10,000。此外,区域中心需要为每个投资人额外付费$1,000。 投资额增加:讨论草案条款将非目标就业区(TEA)最低投资额调高到1,000,000,将目标就业区(TEA)、制造业、基础建设或军用基地关闭转移区域(BRAC)的最低投资额调高到$800,000。最低投资额根据通胀指数每5年或每年调整。 生效日期:讨论草案包括生效日期的具体规定。创造就业、资金来源、目标就业区,以及最低投资额的规定将于法案实施日即时生效。草案中其它条款或者于法案实施日生效,或者最迟于法案实施日90天后生效。规定也适用于投资人I-829取消绿卡条件申请,如果其I-526申请在法案实施日之前提交。换句话说,即使I-829申请在法案生效后提交,只要其I-526申请在法案实施日之前提交,创造就业、资金来源、目标就业区,以及最低投资额的改变,不予适用。 此讨论草案对2015年11月初传阅的第一版草案中的措辞有所修改。鉴于投资移民计划目前延期至2015年12月11日,此讨论草案可能会被纳入全面预算法案中,在到期日前通过。投资移民计划也可能被延期,从而国会有更多时间解决仍有争议的细节。

Posted in EB-5 Program, Targeted Employment Area

Introduction The Government Accountability Office wrote in its report of August 12, 2015 that 90 percent of EB-5 investments are made in Targeted Employment Areas (TEA).  Under current EB-5 law, a Targeted Employment Area is an area that qualifies for a reduced investment amount of $500,000.  To be designated a TEA, a geographic area must… Continue Reading

Posted in EB-5 Program

Greenberg Traurig’s Business Immigration & Compliance practice announced today its role in the formation of The EB-5 Immigration Coalition together with Pathways EB-5, The National Association of Homebuilders and The Real Estate Round Table. The Coalition is a broad-based organization of businesses and trade associations with the shared mission to support and promote the continuation… 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, TEA

Jennifer Hermansky and James Cormie published an article on EB-5 Visa Blog outlining the state of California’s recently updated TEA (Targeted Employment Area) Policy. The California Governor’s Office of Business and Economic Development announced the new policy earlier this week, which offers much-needed flexibility to the EB-5 program and encourages investment in the California. For… Continue Reading

Posted in EB-5 Program, TEA

The newly formed California Governor’s Office of Business and Economic Development (GO-Biz) held a conference call today to provide EB-5 stakeholders with an update related to the issuance of Targeted Employment Area (TEA) designations in the state of California.  Specifically, the call was meant to formally announce that California would now provide customized TEA certifications for… Continue Reading

Posted in Non-Regional Center

Issues such as documenting the lawful source of funds and tracing from the investor to the new commercial enterprise are common in individual and regional center EB-5 petitions. However, when it comes to individual EB-5s there are many unique and complex issues that the attorney must deal with. These include determining if the investment entity… Continue Reading