News
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)...
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...
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...
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 Many applicants are receiving erroneous or outdated notifications and updates.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...
Good Fortune for the New Year
At this time of year we take a stock of our own good fortune and think about the New Year. Soon the effort by the EB-5 community will be in full swing for extension of the Regional Center statute, which is set to expire on September 30, 2015. In the past few...