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,...

Read More

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...

Read More

August 7 2014

Electronic Filing of Regional Center I-526s

The USCIS held a stakeholder’s call last week solely about its new “document library” and EB-5 filing system for regional center (RC) based I-526 investor petitions. Information about the new system: It allows a RC designated “Document Library Manager” (must be an employee of the RC) to create a USCIS ELIS...

Read More

July 25 2014

Source of Funds

All funds invested in an EB-5 green card project, plus the regional center’s subscription fee, must be traced and shown to be from a legal source. Each case is different. Some people take a distribution from a company and some have savings over time. One common source is to sell a...

Read More

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...

Read More