News
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...
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...
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...
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...
EB-5 Developments
EB-5 Developments The EB-5 regional center industry continues to expand. We just got another regional center project amendment granted with an “exemplar I-526” (project approval) to expand a factory and create 200+ high-paying jobs. At the same time, we are seeing much more scrutiny of the EB-5 program and applications on...