The 2016 August Visa Bulletin was released on July 11, 2016. The update for the EB-5 Visa category reveals news for China. The U.S. Department of State Bureau of Consular Affairs has decided not to make any changes on the application cutoff date for mainland born Chinese applicants. The cutoff date for China will remain…
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In the most recent blog, we discussed an example case in which the immigration lawyer was acting in the best interest of the regional center and developer, and many investors lost their immigration benefit and all of their money. During this case, the developer has continued to spin a story that he will sell the…
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The investor holds the money, which means that, although it often does not feel like it, each investor has the power in his or her transactions with regional centers and developers, at least at the onset. Today, there are far more EB-5 projects than could be financed given the limitation on visas available in the…
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Much has been written lately about the importance of having a broker dealer involved in your EB-5 project if you are a developer or regional center, or both. The importance of this is both compliance, and to ensure that the investors can confidently invest knowing that someone with a license has reviewed the documents and…
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Independent Due Diligence in the EB-5 Industry For Regional Centers & Immigrant Investors Many in the EB-5 industry and those who follow investment news closely have heard about the SEC’s investigation and civil complaint against Jay Peak, a Vermont ski resort. Jay Peak relied heavily on EB-5 immigrant investors to finance its development. The allegations are simply…
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Today, the Wall Street Journal published a cover story seemingly designed (especially if one only read the front page and early analysis on page A12) to leave a bad taste in readers’ mouths concerning the EB-5 Visa program. http://www.wsj.com/articles/how-immigrants-cash-funds-luxury-towers-in-the-u-s-1441848965#livefyre-comment The author seemed to mistakenly draw the conclusion that a program designed to help the poor and…
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The Dollar is strengthening against many currencies, yielding a great opportunity to build capacity in the developing world. Thanks to China’s move to devalue its currency, many countries dependent upon exports to China and Chinese funding are watching their currency value slip as well. More importantly, the lack of a solid market based value for…
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