News

October 29 2013

Visa Backlog

Rumors are flying that the 10,000 EB-5 visas will be exhausted in 2014, resulting in a longer wait to immigrate. I spoke with Charlie Oppenheim, the Department of State official in charge of the allocation of visa numbers. Here is what he said: If it becomes necessary in 2014, he will...

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October 4 2013

India Restricts Export of Capital

India Restricts Export of Capital India has imposed new, more restrictive monetary regulations on export of capital. Previously, each person could export $200,000. That amount is now reduced to $75,000. Indian EB-5 investors will presumably transfer funds like the Chinese or borrow funds from relatives in the US. Processing Times USCIS announced that...

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August 29 2013

The EB-5 World is Ever-Changing

The EB-5 World is Ever-Changing An article appeared in a Seattle magazine that the Washington Regional Center obtained USCIS approval for an exemplar I-526 for a bridge project which will be backed by Washington state bonds. Some question whether there is any real risk with such an investment. The developer is...

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August 12 2013

EB-5 in the Media

EB-5 in the Media The anti-immigrant Senator Chuck Grassley of Iowa has now redirected his attack from H1-B (professional) and L-1 (intra-company transfer) visas to EB-5 visas. He is involved in raising a stink about USCIS Director Ali Mayorkas overriding the denial of former Democratic Party Chairman Terry McAuliffe’s EB-5 green...

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August 1 2013

Authorized Stay In US - Change in Form I-94

Previously, each time a non-immigrant visa holder or one using the Electronic System for Travel Authorization (ESTA) entered the U.S., the Customs & Border Protection (CBP) immigration officer issued a Form I-94 (“I-94”) and stapled it into the entering person’s passport. The I-94 is very important because it provides the visa...

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