Come Meet David Hirson & Partners, LLP at the 2016 Global Investment Immigration Summit in Shanghai, China

Our firm is honored to join the 2016 Global Investment Immigration Summit on April 29-30, 2016 at the Shanghai Tower in Pudong, Shanghai, China. The event will be hosted one of China’s largest Immigration TV talk shows, Visalution, Study Abroad Magazine and The China Press. Our firm will be joining projects, embassies, and agents to discuss topics important to China’s investment and immigration market, including current state of EB-5 market, source of funds preparation, and securities/ tax considerations for investors and agents.

Additional details about the program and registration information can be found here.

Client Alert: Renewal Time – California TEA Designations Expire on April 30, 2016

As a reminder, Targeted Employment Area designations for the state California expire on April 30, 2016. Please see the following guidance from Governor’s Office of Business and Economic Development (“GO-Biz”) has issued the following guidance for new effective dates for TEA certifications for the upcoming year:

> Note: New unemployment data and State-certified TEAS become effective May 7, 2015, and will remain in effect until April 30, 2016.  All TEA designations and certifications will be based on GO-Biz selected data and methodologies only, no other data or methodologies will be accepted for the purposes of TEA designations and certifications.

For EB-5 projects located in California, it’s advisable to seek an updated TEA certification as soon as possible and update your I-526 filing templates to ensure your EB-5 investors will be able to qualify for the $500,000 minimum investment amount.

EB-5 Attorney: Spotlight on OFAC’s Authority

Reading contract

The EB-5 application process requires more than simply placing monies into escrow. For foreign investors, different nationalities and financial entities can put the proverbial brakes on the application process, reports Shaun K. Staller of the National Law Review. Consequently, foreign nationals must understand why the Office of Foreign Assets Control (OFAC) addresses these cases and how an EB-5 attorney may be of assistance. Read more

6 Data Points That Highlight the Strength of the EB-5 Program

eb-5 graph

According to a recent report in the Regional Center Business Journal, the success of the EB-5 Program has grown in leaps and bounds in the last year. Across the board, program statistics collected by government agencies show incredible profits and growth expected to continue into the future. In particular, the close examination of the following six data points clearly highlights the program’s continued growth patterns and success rates.   Read more

Understanding 5 Important Areas Scrutinized During an SEC Investigation

Magnifying Glass

According to recent in-depth coverage in the Regional Center Business Journal, the EB 5 Program is now privy to intensive investigations by the Securities and Exchange Commission, or SEC. Fraudulent documents and processes revealed the need for a closer look at the way investment capital is used across the board. If any of the investigations reveal fraudulent activity or mishandled documents, the perpetrators may be subject to financial or criminal repercussions. By using the recent Chicago Convention Center case as a guide, the investigations successfully reveal fraudulent activity wherever a problem exists. Read more