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Visas Foreign Investment Immigrant Investor Program

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Saul Ewing LLP

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

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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

Jackson Walker

EB-5 Regional Centers Temporarily Regain Authorization

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After Congress passed the EB-5 Reform and Integrity Act in March 2022, USCIS announced that the act repealed the legacy Regional Center Program.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

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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

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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

Bradley Arant Boult Cummings LLP

Congress Close to Raising the EB-5 Program from the Dead: 8 Recent EB-5 Reforms that Real Estate Developers and Project Sponsors...

In the evening hours of March 9, the U.S. House of Representatives passed a $1.5 trillion spending bill that would fund the U.S. government through the rest of the fiscal year and provide $13.6 billion to respond to Russia’s...more

Jackson Walker

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

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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

Jackson Walker

Changes and Trends in EB-5 Investment Immigration

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Following a shift in U.S. presidential administrations and changes due to the COVID-19 pandemic, Jackson Walker partner Christian Triantaphyllis, who leads the Firm’s Investment Immigration practice, covers some potential...more

Saul Ewing LLP

EB-5: Status Update

Saul Ewing LLP on

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

Saul Ewing LLP

EB5 Industry 2019 - Where Are We Now?

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Saul Ewing Arnstein and Lehr LLP has been extremely active in navigating the current status of the EB5 industry and determining what courses of action need to be taken given the existence of the new regulations ("New...more

Jackson Lewis P.C.

EB-5 Programs Update, New Legislation Introduced

Jackson Lewis P.C. on

On November 21, 2019, the new EB-5 Investor Visa Program rules went into effect. That was also the day that the government could have shut down if a spending bill or another continuing resolution had not been approved. It...more

Stinson LLP

EB-5 Immigrant Investment Program Regulatory and Judicial Update

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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

Tarter Krinsky & Drogin LLP

USCIS Issues New EB-5 Immigrant Investor Regulations

The EB-5 immigrant investor program, first introduced in the early 1990s, has not had an overhaul since its inception. Major changes will apply to all I-526 petitions filed on or after the Effective Date of November 21, 2019....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

Fox Rothschild LLP

EB-5 Alert! New Regulations Increasing The Minimum Investment Amounts And More!

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On Wednesday, July 24th 2019, the U.S. Department of Homeland Security published a new EB-5 regulation which will go into effect November 21, 2019. The new EB-5 regulations will effectuate a number of changes, including...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

Jackson Lewis P.C.

EB-5 And Its European Counterpart Subject To Expected Changes, Oversight

Jackson Lewis P.C. on

In June 2018, Congress held a hearing on “Citizenship for Sale: Oversight of the EB-5 Investor Visa Program.” The current EB-5 program allows wealthy individuals to apply for and obtain green cards by investing anywhere from...more

Fox Rothschild LLP

E-2 Visas For Israeli Investors Will Be Available Soon

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The Israeli Knesset Internal Affairs Committee recently approved the new E-2 visa regulations thereby allowing Israeli entrepreneurs to file for and obtain E-2 visas in the United States. Until now, Israeli citizens were not...more

Saul Ewing LLP

Where Are We Now?

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Now that Congress has provided a clean extension until September 30, 2018, there are several issues that need to be addressed and factors that need to be taken into account in connection with the overall EB-5 industry and its...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

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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

Mintz - EB-5 Financing Viewpoints

Immigration Debate Begins: Prospects for EB-5 Reform & Reauthorization

Congress nearly averted a shutdown last week, but just missed the mark when Sen. Rand Paul (R-KY) temporarily blocked Senate passage of the fifth – and supposedly final — continuing resolution (CR) of this fiscal year...more

Mintz - Immigration Viewpoints

Government Shutdown Ends – Is Immigration Reform on the Horizon?

Three days into the government shutdown, Senate Majority Leader McConnell (R-KY) and Senate Minority Leader Schumer (D-NY) took to the Senate floor Monday afternoon to announce an agreement to end the impasse and reopen the...more

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