The EB-5 Immigrant Investor Program helps to secure the growth of the US economy. Unfortunately, some project managers or issuers have taken advantage of the program by defrauding immigrant investors. When an issuer has failed to disclose material facts in an EB-5 offering, the investor may be able to retain remuneration under supervision by the Securities and Exchange Commission (SEC), including suing the issuer, the project, and other individuals involved with the EB-5 offering. Read more
Congress recently extended the EB-5 Regional Center Program rather than letting it expire or making proposed changes to it. The program, which would have expired on December 16, 2015, will now run through September 30, 2016. Congress made the decision on December 15 in order to provide more time for lawmakers to come up with proposed changes to the program, including a possible comprehensive reform bill. Read more
The EB-5 Immigrant Investor Program mobilizes U.S. economic growth and should be protected, according to Thomas J. Donohue, president and CEO of the U.S. Chamber of Commerce.
In a recent opinion piece for The Hill, Donohue stated that among the often-spirited debates in Congress that focus on large issues, a number of valuable programs should be preserved. Among them is the EB-5 program — and its accompanying EB-5 Regional Center Program — which issues visas to “capable and dedicated” immigrants who commit to investing in projects that create employment in the United States. Read more
A recent report discussed the EB-5 program in relation to the Foreign Corrupt Practices Act (FCPA). The FCPA is designed to penalize U.S. individuals and businesses whom offer payments as an attempt to gain or retain business from foreign government officials. In this vein, FCPA contains stiff penalties for these bribery actions. The U.S. government takes FCPA violations seriously, which is why EB-5 programs and regional centers need to meet with an EB-5 attorney to ensure that they have the proper policies in place to comply with FCPA regulations. Read more
The EB-5 initiative is one that has received bipartisan support over the years because of its effectiveness for bringing jobs and commerce into the country. According to EB-5 news updates this year, though, the bill faces some opposition for the first time. This opposition is combined with a few proposed changes that could lead to a failure to renew for the first time since its inception in 1990. Read more
January 2020 Update: This post was originally written and posted in 2015. In November 2019, EB-5 minimum investment amounts increased to $1.8 million (and $900,000 for investment in Targeted Employment Areas).
Considering that the economy has been struggling to get back on track since the Recession of 2008, the jobs created through the EB-5 program are a boon for the United States. There are, however, questions regarding the safety of this type of visa plan. The following describes 3 myths regarding the EB-5 visa program and the facts that answer the question, “is the EB-5 visa program safe?” Read more
U.S. Citizenship and Immigration Services added the new page to provide training materials that are required for some employees and contractors of USCIS and the Department of Homeland Security. The training materials focus on new EB-5 protocols, which apply to all USCIS and DHS workers with roles in evaluating, making policy or reviewing the EB-5 program, notes Invest In the USA, a nonprofit industry trade group serving the EB-5 Regional Center Program.
On September 30, 2015, the United States Congress granted a short-term extension of the EB-5 Immigrant Investor Program. The bill, referred to as Continuing Resolution, will allow the program to continue through December 11, 2015. With the new time extension, EB-5 attorneys can continue representing investment immigration clients without interruption for at least the next two months. Read more
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Seattle, WA 98121
Phone: +1 949.383.5369
David Hirson & Partners, LLP has over 30 years of experience in corporate, business & investment immigration law. Our business immigration practice provides a full range of services, including a nationally recognized EB-5 investment immigration practice.