March 12 2014

Ho, Ho, Ho

USCIS issued four precedent decisions in 1998 intended to rein in the EB-5 program. One is Matter of Ho. Matter of Ho holds that an EB-5 project must be accompanied by a credible, detailed business plan. Ho says the plan should include: a description of the business, including products and services;...

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March 10 2014

Nicolas Colucci, New EB-5 Chief

Signaling a shift of focus toward increased enforcement, USCIS has appointed Nicolas Colucci as EB-5 chief. Colucci comes from an executive posting at of the Department of Treasury Financial Crimes Enforcement Network (FinCEN). FinCEN’s overall mission is to increase transparency in the US financial system to detect money laundering, terrorist financing...

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March 7 2014

Additional Interesting Q & A from February 2014 Stakeholder Call

Here are two interesting questions and responses raised on the USCIS EB-5 February 2014 stakeholder call: Question: What is required to maintain an investment for I-829 purposes, particularly if an opportunity to refinance/liquidate arises for a successful project? Given the erratic processing times for the Forms I-526, and expected quota backlog,...

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March 6 2014

Breaking News

There is a lot of EB-5 news of late. Canada closed its investor immigration program, USCIS held an interesting stakeholder call, and more news is breaking today. Department of State Projections Change The Department of State (DOS) now says that the China EB-5 quota may not be exhausted this fiscal year. If...

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March 5 2014

More from February USCIS Stakeholder Meeting

More from February USCIS Stakeholder Meeting Job Creation from Guest Expenditure Estelle and I raised several important questions at February’s USCIS EB-5 stakeholder meeting, some of which were submitted ahead of time and read and addressed. We want to share the USCIS responses and our reaction to those responses. We asked USCIS what...

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