By Gauri Bhatia, CNBC A popular, yet controversial U.S. immigration program that grants “visas to millionaires” is feeling the heat, weeks before it is up for renewal. On Sept. 30, the EB-5 Immigrant Investor Program – under which foreigners have invested billions of dollars in the U.S. to obtain permanent […]
Since 2015, the EB-5 industry has been caught in limbo in anticipation of new legislation and USCIS regulations that will revamp the EB-5 immigrant investor program. These lingering proposed changes are still not final, not to mention agreed upon amongst government officials. While the government continues to drag its feet, […]
As the EB-5 industry expected, the EB-5 category for Vietnamese nationals is no longer current for this fiscal year. However, we do expect the priority date for Vietnamese nationals to advance over time more quickly than we have seen for mainland born Chinese nationals.
The U.S. House of Representatives Appropriations Committee has introduced legislation, or a Continuing Resolution (CR), to extend current funding for the U.S. government. The short-term CR would extend government operations, as well as the EB-5 Regional Center Program, to December 22, 2017. We expect that the CR will be voted […]