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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More