News

June 27 2017

EB-5 and the Travel Ban

The Supreme Court today partially lifted the lower Court’s injunction of the Trump Muslim travel ban for people from Iran, Syria, Libya, Somalia, Sudan, and Yemen. The Court will allow the government to ban people from the 6 countries for 90 days unless they have a bona fide relationship with a...

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June 19 2017

New Draft EB-5 USCIS Policy Manual RE: Redeployment of Funds Maintaining the Investment

The June 15, 2017 draft EB-5 policy contains a significant change. It says that once the investor files the I-829, they no longer need to maintain the investment beyond the two years of conditional permanent resident status, assuming of course that the needed 10 jobs were created. The investor need...

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June 16 2017

USCIS clarifies rules on redeployment of EB-5 capital

Today, the United States Citizenship and Immigration Services ("USCIS") issued a new draft policy manual which substantially changes their rules. USCIS now says no new I-526 will be required when the EB-5 capital is redeployed, provided that: 1) the first investment creates the needed jobs; 2) the new commercial enterprise (“NCE”) redeploys...

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May 26 2017

New I-829 Form Removal of Conditional Status

USCIS has issued a new form I-829 to apply for removal of conditions on permanent residence status. It asks more questions regarding the NCE and JCE than the old form. It also requests the person who translated the form to the applicant, if any, to sign it and provide contact...

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May 22 2017

New EB-5 I-526 Form

New EB-5 I-526 Form USCIS has issued a new 13-page I-526 form that replaces the old 3-page form. It asks for the applicant’s physical addresses for the past five years, employment history for the past five years, details on the TEA, information about the investment, names of all other investors, etc....

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