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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. Continue reading “EB-5 Legislative Update”
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. Continue reading “Bipartisan Legislation Seeks to Make the EB-5 Program Permanent”
Regional Centers are reminded of the upcoming December 29, 2014 deadline to file their regional center reports for the 2014 Fiscal Year. Continue reading “Deadline to File Form I-924A is December 29, 2014”
During the 2013 Fiscal Year, USCIS notified more than 50 EB-5 regional centers on its intent to terminate their designation for one of the two following reasons: (i) not filing the required Form I-924A, or (ii) failing to promote economic growth as required under the EB-5 regulations. Continue reading “Failure to file Form I-924A Can Lead to a Notice of Intent to Terminate”
EB-5 Immigrant Visas for Chinese nationals have been depleted through fiscal year 2014, but remain current for the new fiscal year beginning October 1. However, based on the assumption that U.S. Citizenship and Immigration Service (“USCIS”) will continue to approve EB-5 cases at the current rate, it is predicted that a cut-off date will be imposed during the second half of the fiscal year, possibly as early as May 2015. Continue reading “Immigrant Visas for EB-5 China Depleted”