News

July 16 2014

Foreign Account Tax Compliance Act (FATCA)

The U.S. is one of a few countries that tax its residents on worldwide income. The U.S. and the People’s Republic of China have recently entered into a FATCA agreement whereby Chinese banks will notify the U.S. IRS about accounts held in China by American citizens and permanent residents (green...

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July 10 2014

Good News for Economic Models

RIMS II is a common input-output economic model used for RCs to project job creation. The Bureau of Economic Analysis (BEA) had announced that it suspended and planned to retire RIMS II. However, the BEA now says that in 2015, it plans to release a modified economic model to replace...

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June 10 2014

Processing Times

The Internet is abuzz with the USCIS posting a few days ago that the average processing time is 4.4 months to decide an application to create a new regional center. We have had three approvals in the past three weeks – with respective processing times of 5.5 months, 9 months...

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May 30 2014

New Regional Center Approval

We received a fast USCIS approval of a new regional center in Texas. It is based on two “hypothetical” projects and was decided in a very fast 5.5 months! TEA Article EB5 Investors Magazine (www.eb5investors.com/magazine) has accepted our article on targeted employment areas (TEAs) for census tracts and small towns. Once published,...

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May 23 2014

Targeted Employment Areas in California

TEAs in California have changed since the new data release at the start of May. For example, according to California’s new data, the city of Oakland is no longer a TEA, even though it is one according to the Bureau of Labor Statistics’ data. (According to California, now only certain...

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