On Tuesday, March 1, 2016, AABANY’s Immigration and Nationality Law Committee and KALAGNY hosted Part 2 of its EB-5 CLE series entitled “Starting an EB-5 Practice?” The event was held at the offices of Akerman LLP in Midtown Manhattan.
In December 2015 by Senator Flake of Arizona called the EB-5 Integrity Act of 2015, or S. 2415. The proposed bill contains several provisions aimed at increasing Regional Center transparency and integrity, and some of its proposals are similar to ideas contained in the EB-5 legislation that failed to pass.
On Thursday, January 21, 2016, AABANY’s Immigration and Nationality Law Committee and KALAGNY co-organized a CLE program entitled (Almost) Everything You Wanted to Know About EB-5 and Didn’t Have […]
On August 10, 2015 the USCIS issued a draft of its first major EB-5 policy memorandum since the May 30, 2013 Memo. As it has been over two years since then, the EB-5 industry has been eagerly waiting for new guidance which addressed the changing landscape of EB-5 and the USCIS has been promising one since the beginning of the year.
EB-5 alert: Senate reauthorization will reduce financing for U.S. construction projects by changing the job count requirements
The proposed Senate Bill reauthorizing the EB-5 Regional Center Program would restrict the types of projects that can be funded with EB-5 financing and amount of funds that can be raised with EB-5 financing.
Vietnam becomes the country that sends the second most EB-5 immigrants after mainland China, passing South Korea for the first time.
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.