News

January 28 2019

Update on I-829 Receipts

I-829 Receipts Update The Form I-829 is the petition investors must file for removal of conditions on their permanent resident status.  For approval, one must prove: The investment was maintained at risk; and The 10 jobs were created. After the I-829 is filed, USCIS issues a receipt (Form I-797).  This receipt extends one’s conditional...

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January 4 2019

Effect of Government Shutdown on EB-5

Government Shut Down The Regional Center statute has temporarily lapsed and will be extended when the federal budget is extended.  In the meantime, USCIS says they will continue to receive applications.  Some American Consuls appear to be open, while other Consuls are calling people and cancelling visa appointments. EB-5 Direct Statute The EB-5...

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December 13 2018

EB-5 Regional Center Statute Has Been Extended

EB-5 Regional Center Statute Extension Congress has extended the EB-5 Regional Center statute with the government budget resolution to December 21, 2018. Further extension is anticipated. Federal Court Finds Borrowed Funds Are Ok For EB-5 In Zhang v. USCIS, a federal judge in the U.S. District Court for the District of Columbia ruled that USCIS’...

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October 19 2018

EB-5 Investment Amount Increasing?

The Office of Management & Budget (OMB) has once again published a notice to implement new EB-5 regulations increasing the investment amount and changing the TEA rules.  The notice, first published in January 2017, indicates that such changes may be implemented in November 2018.  It is possible, as in the...

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October 5 2018

India EB-5 Quota

India EB-5 Quota In fiscal year 2018, there were 585 EB-5 visas issued to people from India – about 110 less than the maximum permitted. There are more India EB-5 cases on file and being filed every day. Retrogression of the India EB-5 quota is expected in 2019. For a detailed...

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