News
EB-5 RC Law to Be Extended to March 31, 2017 Congress announced that it will postpone passing a new government funding bill until March 31, 2017, when the new President will take over. A short-term continuing resolution will soon be passed that will extend the current government funding until March 31st....
Election; The Senate & EB-5; ITIN
Election Overall, Trump’s anti-immigrant crusade has been most disturbing. One possible bright spot is that Trump’s son-in-law partially funded a real estate project with EB-5 funds. So EB-5 possibly may have a friend in Trump. Trump has vowed to repeal the executive order creating the Deferred Action for Childhood Arrivals (“DACA”) program for...
RCs and Developers Take Note
RCs and Developers Take Note The USCIS recently sent a request to a RC asking for its LLC state registration. The request stated that the RC’s I-924A annual report for 2015 was being reviewed and USCIS could not confirm on the state’s webpage that the RC was in good standing. Be sure...
Government Fees Increasing Months ago, the USCIS published new proposed filing fees for EB-5 cases. Last week, USCIS published notice that the new fees will be required on and after December 23, 2016. The new fees will be: I-526 for investor: $3,675 I-924 for a new RC or amendment or exemplar: $17,795! I-924A RC...
Where is EB-5 Headed?
Where is EB-5 Headed? Assuming that we will have an administration that does not hate immigrants, we will probably see: The minimum investment amount increase to $800,000; More restrictive TEA rules; Audits of RCs; More terminations of unused RCs; The shift from China to other countries will continue unless USCIS grants EB-5 status to investors under...