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Current Administration Proposes Significant Changes to EB-5 Program

 

Ramos_Maria

Maria del Carmen Ramos

Yesterday, the Obama administration announced potential changes that could significantly impact the EB-5 investor visa program.  The EB-5 investor visa was originally established by Congress in 1990 to attract foreign investment and stimulate the economy in hopes of spurring job creation in the United States. (more…)

EB-5 Legislative Update

Maria del Carmen Ramos

Maria del Carmen Ramos

Earlier this year, bipartisan legislation was introduced that would permanently authorize the EB-5 Immigrant Investor Pilot Program. Rather than pass the legislation, the U.S. House of Representatives passed a Continuing Resolution that included a provision to the extend the EB-5 program “as is” through December 11, 2015. (more…)

EB-5 Regional Center Annual Reports are Due by December 29, 2015

Maria del Carmen Ramos

Maria del Carmen Ramos

During its most recent stakeholders teleconference, U.S. Citizenship & Immigration Services (USCIS) reminded participants that regional center reports for 2015 Fiscal Year were due on October 1, 2015, and must be filed by no later than December 29, 2015. USCIS recommended that regional centers complete all fields on Form I-924A, and timely file the required reports. (more…)

National Visa Center Experiencing Glitch in Processing of Chinese EB-5 Immigrant Visa Applications

Mechelle Zarou

Mechelle Zarou

The National Visa Center (NVC) recently informed the American Immigration Lawyers Association that appointment notices for Chinese EB-5 applications may indicate that applicants must bring original documents, even if NVC already had original documents. (more…)

Bipartisan Legislation Seeks to Make the EB-5 Program Permanent

Maria del Carmen Ramos

Maria del Carmen Ramos

Bipartisan legislation? Does such a thing exist anymore? Well, on January 28, 2015, Congressmen Jared Polis (D-CO) and Mark Amodei (R-NV) introduced The American Entrepreneurship & Investment Act of 2015 in an effort to permanently authorize the EB-5 Immigrant Investor visa program, which is now set to expire on September 30, 2015. (more…)