News

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...

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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...

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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...

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August 22 2014

Visa List

Visa List The Department of State’s Chief of the Visa Control and Reporting Division, Charlie Oppenheim, has dispelled rumors that the EB-5 limit was reached. EB-5 visa numbers continue to be available for this fiscal year. 2015 fiscal year numbers are available October 1. USCIS EB-5 Stakeholder Engagement Call On September 10, 2014,...

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August 19 2014

Meeting in Chicago

I am available for meetings in Chicago this Friday and Saturday, August 22 & 23. I will be speaking at the American Immigration Lawyers Association EB-5 Conference on I-829 removal of conditional residence applications. Please contact me if you or anyone you know wishes to meet with me in Chicago. Fortune Magazine...

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