July 1 2015

Shovel Ready

SHOVEL READY The Leahy-Grassley EB-5 Regional Center (“RC”) extension bill S. 1501 permits (if enacted as drafted) filing an exemplar 924/526 before September 30 (when the current statute expires).  In doing so, the RC will lock in for a project the $500,000 instead of the new bill’s $800,000 minimum investment amount,...

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June 19 2015

The Surge Has Begun

THE SURGE HAS BEGUN With news that the EB-5 investment amount in a TEA will increase to $800,000 and elsewhere to $1,200,000, many investors are now wanting to file I-526 applications with the current $500,000 minimum investment amount. Similarly, regional centers are moving forward with exemplar applications for their projects to lock...

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May 28 2015

USCIS Stakeholder Call

USCIS will hold a stakeholder call on Thursday, June 4, from 1 to 2:15 p.m. (Eastern). The topic of discussion will be project expenses that are includable (or excludable) for purposes of estimating job creation. A USCIS economist will make a short presentation and USCIS says they will answer non-case specific...

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May 21 2015

China Graft in the News

A New York Times front page article on May 16, 2015 reports that China is seeking return of people it accuses of graft, corruption and economic crimes. The article mentioned U.S. prosecution of Chinese citizens in the U.S. for money laundering and visa fraud, as well as one who lied...

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