News

February 18 2015

News from India

I am seeing more and more EB-5 applicants from India.  On February 3, 2015, the Reserve Bank of India (RBI) increased the amount each individual Indian citizen can send abroad in a financial year, from $125,000 to $250,000 without end-use restrictions.  The overseas remittance limit comes under a liberalized remittance...

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January 30 2015

Managing Migration Agents

I had an interesting exchange with a licensed FINRA agent who often works in China to refer EB-5 investors to regional centers. He reports that Chinese migration agents often run ads claiming, “100% guaranteed return of capital.” U.S. regional centers first need to have clear contacts with migration agents including 1)...

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January 15 2015

EB-5 Government Fees

I am often asked about the government filing fees and other expenses for EB-5 cases. They include the following: For immigrant investors: I-526 EB-5 investor petition per family – $1,500.00Consul application fee per person – $345.00Green card issuance fee per person – $165.00If a person is in the U.S. and applies for...

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January 9 2015

Strong Dollar

In the past eight months the euro has lost about 15% of its value versus the dollar. This week I have been told by a few prospective clients in Japan, Canada and Mexico that the rising U.S. dollar and their country’s falling currencies are causing them to wait to invest...

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December 30 2014

USCIS Confusing Notices

USCIS has recently updated their website user interface which is causing glitches with their online case status system. Many applicants are receiving erroneous or outdated notifications and updates. I have contacted USCIS about this problem. They have received many calls on this and say a resolution will soon be forthcoming. I...

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