During today’s EB-5 Stakeholder’s Meeting, USCIS announced the creation of a new EB-5 Program Office in Washington, DC. The Chief of the new EB-5 Program Office will report to the Deputy Director of USCIS. This is a significant realignment, which USCIS intends to accomplish within four to six months. According to USCIS, this reallocation of resources is… Continue Reading
Paying referral or finder’s fees to unregistered broker-dealers could create risks for developers in an EB-5 transaction.
On August 2, 2012, the Senate agreed to a three-year extension of the EB-5 investor visa pilot program, which was scheduled to sunset at the end of September of this year. “The scope and duration of the extension have already been agreed to by the leadership in the House,” commented my colleague Bill Stenger, CEO of… Continue Reading
The EB-5 Regional Center Investor Program will sunset on September 30, 2012. Congress is expected to reauthorize the program, but we could be waiting until the end of September before a vote on the issue. This will certainly unsettle potential foreign investors who would like to invest in an EB-5 project now, as well as… Continue Reading