WASHINGTON—U.S. Citizenship and Immigration Services (USCIS) will publish a final rule on July 24 that makes a number of significant changes to its EB-5 Immigrant Investor Program, marking the first significant revision of the program’s regulations since 1993. The final rule will become effective on Nov. 21, 2019. New developments […]
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The Office of Management and Budget (OMB) completed their review of the proposed EB-5 regulations this past Thursday, June 27th. As the OMB Review concluded the final step in the agency rulemaking process, USCIS can now publish the new regulations at any time in the Federal Register as Final Regulations. […]
By Robert F. Loughran, Foster LLP The United States is just one of many countries around the world that offers temporary or permanent residency on the basis of a substantial investment in the country. Options exist to secure residency in most countries if job creation can be demonstrated. The U.S. […]
Jay Peak is under investigation as the latest EB-5 fraud in Vermont. The EB-5 Program (or Immigrant Investor Program) encourages entrepreneurs to become permanent residents by investing in U.S. The annual cap of 10,000 was first reached in August 2013, thereby extending the queue to two or three years. This […]