News
EB-5 Regional Center Statute Extended
EB-5 Extended The EB-5 Regional Center statute has been extended to December 22, 2017 with the budget Continuing Resolution with no change in the rules. Many continue to make investments and file their I-526s now at the current amount of $500,000 (in a TEA), rather than waiting and having to invest the anticipated $925,000...
USCIS Releases Key Updates in Stakeholder Call
USCIS Stakeholder Call The USCIS had an EB-5 stakeholder call on Tuesday, November 7. There were a few interesting comments and developments: The USCIS EB-5 unit has new leadership. The leader and her team seem to have a new attitude. They say they are developing a system to speed up adjudications. We...
Key EB-5 Visa Updates: Investment Amount Increase, Visa Numbers for India & Vietnam, New Adjustment of Status Rules
EB-5 Investment Amount Increase The question on everybody’s mind is will the EB-5 investment amount be increased soon and what will the new amount be? Rumors abound that the TEA amount will be $925,000 and other areas $1,250,000. My information from Washington D.C. is that negotiations in the Senate continue. It looks...
New Guidance on Redeployment of EB-5 Funds
The recently updated EB-5 policy manual (“PM”) explained USCIS’ new policies on redeployment of funds from one project to another. The PM failed to answer many practical questions about how redeployment will actually work. During the USCIS Employment Visa Engagement held in San Francisco on July 20, 2017, my associate attorney...
EB-5 Extends to December 8, 2017
With the Hurricane Harvey relief, debt ceiling increase, and budget extension legislation, Congress has extended the current EB-5 law to December 8, 2017 with no changes. There still remains the possibility that the Senator Cornyn’s EB-5 compromise bill may pass this fall. My contacts in Washington D.C. say Senator Cornyn is...