Category: Uncategorized

India Received Own Final Action Date in July Visa Bulletin

Wednesday, June 26, 2019 The July 2019 Visa Bulletin is published by the U.S. Department of State – Bureau of Consular (DOS). India and Vietnam each would reach their EB-5 visa annual limit during July, which is consistent with information provided by Chief of the Visa Controls Office at the US Department of State, Charlie… Read more »

EB-5 Visa Availability Updates and Prediction

Friday, May 24, 2019 On May 6, 2019, Chief of the Visa Controls Office at the US Department of State, Charlie Oppenheim, appeared at IIUSA EB-5 Advocacy Conference in Washington DC as keynote presenter. During his presentation, Mr. Oppenheim shared some of the firsthand data on EB-5 visa in FY219, also provided predictions on the… Read more »

EB-5 Redeployment Policy

Friday, April 12, 2019 Under current policies of USCIS, every EB-5 Investor is required to retain his or her investment capital “at risk” in the NCE until that EB-5 Investor has been in the U.S. for 2 years in conditional resident status (the “Sustainment Period”). For EB-5 investors facing EB-5 quota backlog or for the… Read more »

EB-5 Program Extension and Regulation Update

Monday,March 4, 2019 President Trump signed the Consolidated Appropriations Act, 2019 (federal funding bill) on February 15, thus avoiding another government shutdown. The spending bill funds the federal government and extends the EB-5 Regional Center Program authorization through September 30, 2019. EB-5 stakeholders are resuming efforts towards achieving EB-5 reform and long-term reauthorization. Regulatory Actions… Read more »

EB-5 Regional Center Program Receives Three-Week Re-Authorization

Tuesday, January 29, 2019 EB-5 Regional Center Program authorization granted in 2018 has been active again after President Trump signed a short-term spending bill to end the partial government shutdown and re-open government last Friday evening. The continuing resolution would extend previous funding and authorities for 3 more weeks till February 15, 2009. During the… Read more »

EB-5 Regional Center Program Short Term Extension Until December 21st, 2018

Friday, December 7, 2018 On Thursday, December 6, Congress sent President Trump a short-term spending bill to move back the deadline for a partial government shutdown until December 21, 2018. Both the House and the Senate passed the legislation by voice vote on Thursday. Trump is expected to sign the measure. These measures would thus… Read more »

Update regarding The Reserve Hotel

Friday, November 16, 2018 Due to the hotel’s prestigious location in Chicago’s downtown financial district, where we already have developed two successful Marriott hotels (the 610-key JW Marriott and the 381-key Residence Inn) we have studied the economic benefits adding one more floor of hotel rooms so our new Marriott Autograph Collection Hotel would have… Read more »

EB-5 Regional Center Program Extension

Thursday,October 4, 2018 According to IIUSA, President Trump signed a short-term continuing resolution (CR) on Friday, September 28. This temporary funding bill defers the deadline for unmade decisions about government funding and programs, including the EB-5 Regional Center Program, to December 7, 2018. Recall the last time Congress voted a prolonged regional center program extension… Read more »

U.S. Senate Committee held an oversight hearing on the EB-5 Program

Wednesday, June 27, 2018 On June 19th, 2018, the U.S. Senate Committee on the Judiciary held an oversight hearing on the Immigrant Investor EB-5 Program. The well-attended committee hearing focused on reported fraud, abuse, and national security risks related to the program, and also future path for EB-5. Throughout the hearing, the sole witness was… Read more »

USCIS Policy Manual Update: Tenant-Occupancy no longer counts toward EB-5 Job Creation

Monday, May 29, 2018 USCIS issued policy alert on immigrant investor (EB-5) cases involving tenant occupancy on May 15, 2018. Previously, the USCIS Policy Manual allowed for tenant-occupancy methodologies used by I-526 petitioners to prove their investment would satisfy indirect job creation request. The new policy guidance deemed the tenant-occupancy methodology cannot reasonably predict the… Read more »