How are Reserved Visas Being Handled Under the New EB-5 Regional Investment Agreement?

How are Reserved Visas Being Handled Under the New EB-5 Regional Investment Agreement?

There has been much discussion about the impact of “reserved visa” provisions on immigrant visa wait periods, post-enactment of the EB-5 Reform and Integrity Act (RIA). Although many questions about future visa allocation remain unanswered, some stakeholders in the EB-5 program are addressing the issue.According to Charles Oppenheimer, visa consultant and former Chief of Immigrant … Read more

Congressman Introduces New Legislation to Address the EB-5 Backlog

Congressman Introduces New Legislation to Address the EB-5 Backlog

The significant case backlog at U.S. Citizenship and Immigration Services (USCIS), which reportedly reached almost 10 million cases earlier this year, has officially been addressed by legislation sponsored by a California congressman.In a press release, U.S. Representative Tony Cárdenas (D-Pacoima) explained that his Case Backlog and Transparency Act of 2022 (H.R. 9226) would require the … Read more

EB-5 Processing Times and Backlogs Discussed in the USCIS Fireside Chat

EB-5 Processing Times and Backlogs Discussed in the USCIS Fireside Chat

Recent initiatives to shorten processing timeframes and eliminate backlogs were disclosed during an hour-long interview between Office of the Citizenship and Immigration Services Ombudsman (CIS Ombudsman) Phyllis Coven and Director of U.S. Citizenship and Immigration Services Ur Jaddou.On September 21, a fireside session covered the difficulties, successes, and objectives for the fiscal year FY 2023. … Read more

USCIS Has Reached an Agreement with EB-5 Regional Centers

The US Citizenship and Immigration Services, Behring Regional Center LLC, numerous top EB-5 regional center owners, and Invest in the USA reached an agreement. The settlement, which includes two lawsuits, has ultimately restored the EB-5 program by reauthorizing previously established regional centers and protecting EB-5 investors.“The outcome of this case is incredibly important because it … Read more

The EB-5 Visa Program's Revival

The EB-5 visa program, pursued by countless wealthy foreign investors, is being revived to restrict abuses.A US visa program that has attracted $37 billion in foreign investment for projects such as New York’s Hudson Yards and Trump Bay Street in Jersey City since 2008 is making a comeback — and the line of wealthy applicants … Read more

How Concurrent Filing Enables EB-5 Investors to Benefit from Green Card Advantages Before Receiving One

The United States permits people from other nations to invest in their economy to obtain a US green card. It is the most convenient and seamless approach for people who have desired wealth to get a US green card. This investment procedure leads people to receive an “EB-5” immigrant visa, which allows them to receive … Read more

How Recent EB-5 Program Changes May Affect Investors and Business Executives

EB-5 Program Changes May Affect Investors and Business Executives

The United States Citizenship and Immigration Services (USCIS) oversees the EB-5 Immigrant Investor Program, which grants investors and their immediate families permanent residency in exchange for a minimum investment in a project that has proved to generate at least 10 full-time U.S. jobs. Significant capital investment funds have been created under this recently renewed and … Read more

Expedite Approval: An Option for EB-5 Investors

Expedite Approval An Option for EB-5 Investors

For investors and their direct families, the EB-5 investment program has proven a dependable option for permanent residency in the United States. Although the procedure could be lengthy, there is a quicker alternative. The United States Citizenship and Immigration Services may expedite the approval of EB-5 investments if they meet some requirements, including being in … Read more

Why High Net Worth Immigrants May Ignore America's EB-5 Program

Why High Net Worth Immigrants May Ignore America's EB-5 Program

Approximately 13,000 high-net-worth individuals will leave China and Hong Kong this year, which is almost as many as the 15,000 anticipated to leave Russia, according to investment mobility consultant Henley & Partners. According to The Toronto Globe and Mail, “They will take with them billions of dollars in assets, with Portugal, Singapore and a number … Read more