But it came with a fearful cost for business and personal decision-making. In and going forward, I see the EB-5 ecosystem demanding and getting better information and accountability. The fact and consequences of RC program expiration have had time to sink in. Messaging has had time to stand the test of history. Recent comments on this blog show how sentiment has developed, and the growing investment in education and action far beyond this occasional little blog.
I would love every EB-5 investor, service provider, and regional center to take advantage of donor access to the AIIA Microsoft Teams group and Telegram chat for the sake of the intel and collaboration offered, if nothing else. Learn from AIIA! Nothing happening there! Hopefully everyone on the front lines of regional center advocacy will step up their game this year. Free to the public: register here.
Let your friends and clients know about the opportunity. If anyone else is holding RC-related events to share information plus host discussion, please let me know so that I can promote them. Let the year of information and accountability begin.
Each document makes the argument for the sake of investor protection. In the case of Yuhua Zhu et al v. Unfortunately, we do depend on Congress to act to provide regional center petitions with a basis for approval and visas. With the appeal dismissed, that risk has disappeared, thankfully. I feel more comfortable now that each I may be judged by the rules under which it was filed.
My confidence would be boosted if Congress passes the proposed grandfathering language to that effect. The EB-5 investment amount is still subject to change, but at least not retroactive change for filed I With the appeal dismissed, that possible explanation for processing delay disappears. All good news for direct EB-5 at least, though the Behring suit and the dismissed appeal complicate regional center legislation negotiations. I processing times for direct EB-5 investors remain in question, as USCIS continues to have apparently almost no one working on I adjudications.
I updated my previous processing post with the full month log. The estimated I processing time will be very long if we have to assume that the many hundreds of pending direct I will continue to be processed at a rate of less than 10 completions per month.
The future visa availability outlook and timing calculation are complicated. Incoming direct EB-5 investors from China, Vietnam, and India have a slender chance to avoid future delay at the visa stage. This chance is unrelated to visa bulletin conditions today, which only apply to people later in the process.
The chance for incoming investors exists if rapid USCIS processing plus delayed Congressional action combine to allow incoming direct investors to eventually reach the visa final action stage while regional center investors are still prevented from claiming visas. I plan to write more about finding and assessing direct EB-5 projects, and I am considering a directory of direct EB-5 contacts.
If you have a current or future direct EB-5 project available and might be interested in such a directory, please email me at suzanne lucidtext. I hope that EB-5 policy and administration will improve to better reward good projects and their investors. About Suzanne www. Contact me at suzanne lucidtext. Yes it is time to get behind AIIA. Thats the only hope.
I request all investors to please.. We cannot destroy our future. Jan 15th at 6pm Pacific time. Everyone welcome. They are the ones who have stalled progress on EB If we loose our future, it will be because of these regional centers, not because of Congeess. This is NOT acceptable.
We are NOT weed growing in garden that could be uprooted by regional centers whenever they like. Investors are the ONLY ones who are at loss.
Tell them, investors are no longer buying their smokescreen. Whom should we blame? Government with whom we are pleading to keep our petitions in abeyance or Regional Centers who are not agreeing to a settlement?
Our petitions have been pending for almost 7 months. How much has your employer made already with our capital? Another employee of corrupt Regional Center industry hanging here. Go and tell your boss, we as investors will hold them accountable for playing with our future. You want us to sue government? And get behind regional centers so they can continue keeping our money and destroy our well being.
You are not evolved enough to understand, so keep your mouth and keyboard shut. Did your boss not give you a better job than to spend time and make money by playing your part in destroying the future of investors. Give Robert a chance to explain. Ignorance around litigation is a real issue, for me personally and for many investors if not for Tian, and I welcome a more specific comment and input on this topic for our consideration.
This program is used especially frequently in high unemployment areas, known…. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Skip to content. Previous Previous. Similar Posts. Most EB-5 investors had used the Regional Center Program because of the ability to count indirect job creation and pool investments from multiple applicants.
After the initial 5 year term in , Congress extended the Regional Center Program more than fifteen times in both long- and short-term increments for almost 29 years with the last one extending validity of the RC Program through June 30, The State Department is likewise not issuing the immigrant visas for those Consular processing the EB-5 Regional Center based immigrant visas. Most commentators anticipate that either USCIS or Congress will seek to increase the minimum investment amount back to a higher number.
In the meantime, Regional Center investors continue to hope for Congressional reauthorization of the Regional Center program. The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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Your LinkedIn Connections with the authors. It can be done in a 5-year period. No need to manage the business on a daily basis. If the investment was made into a Regional Center project. No requirements related to English language proficiency, work experience, education, or age. Not surprisingly, the program remains highly popular among potential investors. Access to the US education.
Children of EB-5 visa holders can go to the best universities in the country. Tuition fees for US higher education institutions students are decreased. No need to confirm links with the country. It is not necessary for one to have relatives in the USA in order to receive a visa. The investment is returnable. The investment can be returned after the residence has been issued. EB-5 Regional Centers A foreigner interested in participating in the visa program must choose between creating their own business and investing in one of the Regional Centers projects.
Stages of getting EB-5 visa Applicants who want to obtain the EB-5 visa must go through the many-staged procedure. How can one receive the EB-5 visa? Choosing a suitable business project. It can be either individual projects or Regional Centers projects. Investors living outside the US territory can seek help of accredited agents who carry out the search of suitable projects for them. Making a contribution and filing an I petition.
Money transfer is carried out by immigration lawyers on behalf of the EB-5 visa program participant. The petition is filed to the immigration services that issue a decision within a six-month period. Receiving conditional permanent resident status.
The document is valid for 2 years. There are two ways of receiving permanent residence. If the candidate has a legal status in the USA, the candidate has to fill in the I form to change for the conditional permanent resident status.
If the candidate does not have legal status in the USA, the candidate has to file the DS application for an immigrant visa in the National Visa Center.
In both cases, one will need professional help of immigration lawyers. Immigration visa document processing usually takes from 6 to 12 months. Changing a conditional green card for a permanent one. Three months before the anniversary of receiving the conditional status, the investor must file the I form to the immigration services. This petition is the final stage of the process of getting US permanent resident status. As a rule, a green card is issued months after the case submission.
US residence through the EB-5 visa is a promising opportunity for high-income investors Foreigners who become legal permanent residents in the USA receive a green card.
Let us name the major advantages offered to green card holders right now: Opportunity to live and work in the USA the unlimited number of days. A green card is issued once and for a lifetime. However, it needs to be renewed every 10 years. Free entry to the USA territory. No risk of rejection at the airport or at the port upon arrival to the country.
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