EB-5 News

Judge denies investor & regional center legal challenge of counting family members towards EB-5 quota

Posted by GCBI Team on April 1, 2020

Chinese investors and a California regional center filed a lawsuit against the Department of State arguing that counting EB-5 green card investor family members against the 10,000 annual cap was “unlawful.” The judge did not agree; she said that when...

$2 trillion stimulus package leaves out EB-5 — but some feel hopeful about inclusion in an upcoming package

Posted by GCBI Team on April 1, 2020

The largest emergency aid package in U.S. history did not include the dramatic EB-5 changes developers were hoping for as real estate lending has taken a major pause. That said, Congress is said to be considering an even bigger stimulus...

With the coronavirus impact on the economy, should investors worry about filing their I-829?

Posted by GCBI Team on April 1, 2020

Immigration lawyer Matt Galati has advice for investors concerned about filing an I-829 petition during this economic downturn. He says the key factor to approval is job creation — in particular, the “expectation” of such, according to regulations. Additionally, he...

Why has I-526 processing decreased from 2018 to 2019? Let us count the ways

Posted by GCBI Team on April 1, 2020

EB-5 expert Suzanne Lazicki has compiled a list of official statements explaining the I-526 processing slowdown that suddenly happened in FY 2019. The many reasons include complying with court orders due to increased litigation, temporary reassignment of staff, training, the...

USCIS extends deadlines for Requests for Evidence & Notices of Intent to Deny by 60 days

Posted by GCBI Team on April 1, 2020

Because of the coronavirus pandemic, U.S. Citizenship and Immigration Services is extending the response time for RFE’s and NOID’s dated between March 1 and May 1, 2020. EB5 green card petitioners receiving either notification have an additional 60 days beyond...

Architects sue embattled EB-5 developer for lack of payment

Posted by GCBI Team on April 1, 2020

A Chicago architecture firm is suing New York-based Symmetry Property Development for $275,164, to cover unpaid services. Symmetry ran into local opposition to its plans to build a 60-story hotel-condo tower in a proposed landmark district. 89 Chinese EB5 green...

To stimulate economy, Trump is reportedly considering EB-5 changes — increasing visa numbers & decreasing investment amounts

Posted by GCBI Team on March 25, 2020

With the coronavirus challenging the U.S. economy, Trump is said to be thinking about major changes that would make EB-5 more enticing to investors and developers: possibly increasing the program’s annual visa limit from 10,000 to 75,000, as well as...

Senator Graham, who introduced recent EB-5 Relief bill, denies that he’s pushing proposed EB-5 changes

Posted by GCBI Team on March 25, 2020

Senator Lindsey Graham was reported to be a proponent of EB-5 changes being part of a coronavirus stimulus bill. Graham denies any such involvement or dialogue with the Trump administration about EB-5 at the moment. "This is not the time...

April Visa Bulletin: India makes big jump, China stays the same

Posted by GCBI Team on March 25, 2020

After a March Visa bulletin that saw the Chinese Final Action Date make a dramatic leap forward of 165 days from the previous date, the April chart has China remaining at May 15, 2015. India makes the biggest advancement this...

EB-5 and the coronavirus: an immigration attorney offers some answers

Posted by GCBI Team on March 25, 2020

Immigration lawyer Carolyn Lee has addressed some concerns regarding how the coronavirus pandemic has impacted EB-5 investors and industry stakeholders. For example, if an I-829 petitioner cannot attend a biometrics appointment they should explain how the situation impacted their ability...

  
Working

Please Login or Register