Office of Management and Budget (OMB) Now Has Final Rule to Raise EB-5 Investment Amounts

Since February 22, 2019, the EB-5 Immigrant Investor Program Modernization Regulation (“EB-5 Modernization Regulation”) is under review at the Office of Management and Budget (OMB). The OMB Review is the final step in the agency rulemaking process before publication of a final...

Real-Estate Developers Look to Vietnam for Cheap Financing

As Chinese investors sour on a program that offers American residency in exchange for certain real-estate investments, U.S. developers are turning to a new, fast-growing source of cheap capital: Vietnam. The Southeast Asian country is rapidly gaining on China as one of the...

March 2019 Visa Bulletin – Modest Progress For All Backlogged Employment-Based Preference Categories

Click here to view 2019 March Visa Bulletin. The U.S. Department of State (DOS) released the Monthly Visa Bulletin for March 2019, showing modest progress for EB-1 for all chargeability areas as well as EB-2 for China and India, EB-3 and Other Workers China, India, and...

Spending Bill Reauthorizes EB-5 Through September 30, 2019

On February 15, 2019 President Trump signed the “Consolidated Appropriations Act (2019)” to fund the U.S. federal government for the 2019 fiscal year. This consolidated spending bill reauthorizes and extends the EB-5 Regional Center Program through September 30, 2019....

Ongoing Effect of Prolonged U.S. Government Shutdown on Immigration

The partial government shutdown is now well into its 3rd week with no clear end in sight. While most immigration related government functions remain operational, a prolonged shutdown may have broad impact on immigration related matters. Because various U.S. government departments...

U.S. and Global Residency by Investment

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...

Would the Sharks invest in Jay Peak?

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...

Leahy: Now Vermont, too, shows why national EB-5 reforms are needed

by Patrick Leahy Years ago when I began working to reform the national EB-5 program, the problems we saw seemed far removed from the many promising EB-5 development projects in Vermont. It is heartbreaking, and it is maddening, to see such problems here at home. It is now...
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