News

September 10 2014

USCIS September 10, 2014 Stakeholders Call Report

Construction Jobs The USCIS answered my question put to them in writing: Q: Generally speaking, it is USCIS policy that the jobs need to be created at the time of filing the I-829 (or within a reasonable time, which the May 30, 2013 Memo says 1 year absent a force majeure). It...

Read More


September 8 2014

Another Regional Center Fraud Charge

Los Angeles-based EB-5 attorney Justin Moongyu Lee has been indicted for misappropriating $47 million from 94 Chinese and Korean investors seeking EB-5 immigration. He promised them their capital would develop an ethanol plant which was never built. Lee was arrested on similar charges last year in Korea where he remains...

Read More


September 5 2014

Hong Kong Restrictions for Chinese Funds Transfers

I understand Hong Kong has new restrictions on how much PRC nationals can wire per day out of Honk Kong. This is based on how much money one has in the bank. One person said he can wire out about $1 MM Hong Kong dollars or $200K USD per day. IIUSA...

Read More


August 29 2014

The Media Has It Wrong

There are media stories and emails are coming in from Asia about the EB-5 program for China “closing” for the rest of 2014. This is not true. The Department of State has pushed a number of EB-5 visa applications to the American Consul in China to use up all of the...

Read More


August 25 2014

China EB-5 Quota News

China EB-5 Quota News This weekend in Chicago, I met the State Department’s official who distributes visa numbers.  He reported that extra visa numbers would be allocated to the American Consul in Guangzhou Consul, in order to use all 10,000 EB-5 numbers in fiscal year 2014.  This is the first time...

Read More