News & Analysis as of

Immigration Procedures Visas Foreign Investment

Saul Ewing LLP

Update on EB-5 Visas for FY 2024: All Unreserved Visas Issued

Saul Ewing LLP on

The EB-5 program, officially known as the Employment-Based Fifth Preference Immigrant Investor Program, offers a compelling pathway for foreign investors to gain lawful permanent residency in the United States by investing in...more

Akerman LLP

USCIS Fee Increases Are Imminent: The Concurrent Adjustment Clock is Ticking for Indian and Chinese Investors

Akerman LLP on

Thanks to a final rule recently announced by the U.S. Citizenship and Immigration Services (USCIS), filing fees are about to increase on April 1, 2024, and filers who fail to make haste will end up paying more, or risk...more

Burr & Forman

Alternative Financing Sources for Developers: EB-5 And E-2 Investors

Burr & Forman on

The EB-5 immigrant visa investor program has been used as an alternative source of funding for many real estate developers. EB-5 investors have typically preferred real estate related projects, and EB-5 capital has been used...more

Womble Bond Dickinson

USCIS Proposes Significant Fee Increases for Immigration Services; Will Impact U.S. Employers and Foreign Investors

Womble Bond Dickinson on

On January 4, 2023, U.S. Citizenship and Immigration Services (USCIS) issued a Notice of Prospective Rulemaking proposing a sweeping fee hike for immigration services across the board. The proposed fee increases range between...more

Jackson Walker

EB-5 Regional Centers Temporarily Regain Authorization

Jackson Walker on

After Congress passed the EB-5 Reform and Integrity Act in March 2022, USCIS announced that the act repealed the legacy Regional Center Program. Consequently, more than 600 existing regional centers were effectively...more

Jackson Walker

USCIS Requires Form I-956 for Regional Center Designation

Jackson Walker on

On April 29, 2022, USCIS held its EB-5 Reform and Integrity Act of 2022 Listening Session and clarified that entities seeking to be designated as a regional center are required to file Form I-956, Application for Regional...more

Jackson Walker

What Immigrant Investors Need to Know About the EB-5 Reform and Integrity Act

Jackson Walker on

Substantial changes are forthcoming for the EB-5 Immigrant Investor Program as the omnibus spending bill awaits President Biden’s signature. Aside from proposing $1.5 trillion for annual expenses and aid, the omnibus bill...more

Jackson Walker

USCIS Retains $500,000 Minimum Investment Amount After Voluntary Dismissal of Behring Regional Center Appeal

Jackson Walker on

The Department of Homeland Security (DHS) on January 5, 2022, filed an unopposed motion to dismiss its August 2021 appeal to a district court ruling in Behring Regional Center LLC v. Chad Wolf, et al. The previous ruling...more

Jackson Walker

Judge Voids EB-5 Immigrant Investor Modernization Rule, Restoring Old Investment Amounts and Targeted Employment Area Standards

Jackson Walker on

On June 22, 2021, Magistrate Judge Jacqueline Scott Corley of the Northern District of California ruled that Former Acting Homeland Security Secretary Kevin McAleenan exceeded his statutory authority in issuing the July 2019...more

Saul Ewing LLP

EB-5: Status Update

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For the past 4 weeks, the EB-5 industry has been anxiously awaiting the status of the pending complaint filed in the United States District Court in the District of Columbia by a Florida regional center against USCIS and...more

Stinson LLP

EB-5 Immigrant Investment Program Regulatory and Judicial Update

Stinson LLP on

On November 21, 2019, the EB-5 "Immigrant Investor Program Modernization" became effective. This is the first significant EB-5 regulatory change instituted by U.S. Citizenship and Immigration Services (USCIS) since 1993....more

Polsinelli

Senate Leaders Propose Significant Changes to the EB-5 Program: Big City Developers Are Likely to Rejoice

Polsinelli on

On November 5, 2019, Senators Rounds (R-SD), Graham (R-SC) and Cornyn (R-TX) introduced the Immigrant Investor Program Relief Act (S. 2778) (“Relief Act”). The Relief Act would extend the Immigrant Investor Program (known as...more

Stinson LLP

Regulatory Change to the EB-5 Immigrant Investor Program

Stinson LLP on

U.S. Citizenship and Immigration Services (USCIS) announced on July 23, 2019 that final regulations will be published on July 24, 2019 making a number of significant changes to the EB-5 Immigrant Investor Program effective...more

Polsinelli

Modernization at Last: Insight to the Newly Published EB-5 Modernization Rules … Now the Race is On...

Polsinelli on

On July 23, 2019, United States Citizenship and Immigration Services’ (USCIS) regulations to update the Immigrant Investor Program were published in the Federal Register. The new EB-5 Immigrant Investor Program Modernization...more

Jackson Lewis P.C.

Changes To EB-5 Investor Visa Program

Jackson Lewis P.C. on

USCIS has published its new final rule significantly changing the EB-5 Immigrant Investor Program to address concerns about fraud, abuse, and national security risks. The new regulations will become effective on November 21,...more

Holland & Knight LLP

E-2 Treaty Investor Visas Available to Israeli Nationals as of May 1, 2019

Holland & Knight LLP on

The U.S. Embassy in Israel has finally made the long-awaited announcement that the required treaty agreement has been signed pursuant to which nationals of Israel will be able to apply for an E-2 visa as of May 1, 2019. ...more

Burr & Forman

Taking Care of Business: Effectively Using L and E Visa Strategies to Address Workforce Needs

Burr & Forman on

Now that the April 1, 2019 H-1B visa deadline has passed, thousands of employers may find themselves looking for an alternative to employ valuable foreign workers. While not receiving as much media popularity as the H-1B...more

Polsinelli

Continuing Resolution Would Extend the EB-5 Program to December 7

Polsinelli on

On September 27, 2018, the House of Representatives passed an $854 billion spending bill, H.R. 6157 - Department of Defense and Labor, Health and Human Services, and Education Appropriations Act, 2019 and Continuing...more

Polsinelli

Congress Kicks the Can a Bit Further: The EB-5 Program Is Extended to September 30th

Polsinelli on

On March 23, 2018, Congress passed and President Trump signed the Omnibus Appropriations Act for Fiscal Year 2018 (the “Omnibus Act”), a $1.3 trillion spending bill, as federal funding and the EB-5 program were due to expire....more

Saul Ewing LLP

Summary of the Draft EB-5 Reform Act

Saul Ewing LLP on

There appears to be significant momentum from the Republican contingent in the Senate and the House to pass an EB-5 reform bill entitled, "The EB5 Immigrant Investor Visa and Regional Center Reform Act" (the "Draft Bill") in...more

Cozen O'Connor

Stopgap Bill to End Government Shutdown passes Congress, extends EB-5 Program 3 weeks

Cozen O'Connor on

The federal government shutdown came to an end as the House and the Senate passed a Continuing Resolution (the “CR”) which extended the Federal budget until February 8, 2018. The President signed the bill late Monday night. ...more

Goulston & Storrs PC

The Future of EB-5 is Being Viewed through a Different Lens

Goulston & Storrs PC on

Developers, investors and other stakeholders are looking for signs as to how the new administration will approach legal immigration, specifically immigration fostered by the EB-5 Regional Center Program. As we reported in...more

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