The USCIS clarifies its policy of the use of proceeds of collateralized loans obtained by someone other than the EB-5 petitioner and adds a new rule regarding use of proceeds as indicated in a loan agreement.
The visa backlog for EB-5 investors born in mainland China will require investors with older children to start the EB-5 process sooner rather than later.
After many months of anxious anticipation, on April 13, 2015, the US Department of State finally announced a May 1, 2013 cut off date for EB-5 visas for people born in mainland China beginning May 1, 2015. So we now have a 2 year (24 month) backlog in visa numbers.
The 8th Annual IIUSA EB-5 Advocacy & Leadership Conference was held on April 12-14, 2015 at the Hyatt Regency Washington on Capitol Hill.
