News
Tourist Visas to Visit Potential EB-5 Projects
Last week the White House released a statement regarding immigration reform. It included vague statements on EB-5. The White House said the Department of Homeland Security will create rules requiring conflict-of-interest disclosures by Regional Center principals, background checks, public disclosure requirements, and increasing the minimum qualifying amount of investment. Most important,...
More on Shovel Ready and Exemplars
In my last newsletter, I wrote about the section in the proposed regional center (“RC”) extension bill, S. 1501, that permits filing an exemplar application to lock in the $500,000 investment amount and TEA. It is unclear under S. 1501 whether the project must be “shovel ready” for an exemplar. S....
Shovel Ready
SHOVEL READY The Leahy-Grassley EB-5 Regional Center (“RC”) extension bill S. 1501 permits (if enacted as drafted) filing an exemplar 924/526 before September 30 (when the current statute expires). In doing so, the RC will lock in for a project the $500,000 instead of the new bill’s $800,000 minimum investment amount,...
The Surge Has Begun
THE SURGE HAS BEGUN With news that the EB-5 investment amount in a TEA will increase to $800,000 and elsewhere to $1,200,000, many investors are now wanting to file I-526 applications with the current $500,000 minimum investment amount. Similarly, regional centers are moving forward with exemplar applications for their projects to lock...