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EB-5 News Archive for the ‘EB-5 Visas News’ Category








IIUSA to Host EB-5 Advocacy Conference in Washington this April

March 2, 2015 @ 10:45 am
Posted by Exclusive Visas

Washington, DC (PRWEB) February 27, 2015

IIUSA april conferenceInvest in the USA (IIUSA), the national not-for-profit industry trade association for the EB-5 Regional Center Program (the “Program”), will hold its 8th Annual EB-5 Regional Economic Development Advocacy Conference in Washington, D.C. on April 12-14. The conference will mark IIUSA’s 10th anniversary as an organization, capping a decade of advocacy on behalf of the EB-5 Program and its stakeholders.

“The EB-5 Advocacy Conference provides international investment and economic development professionals with a unique opportunity – over two days of business development, grassroots advocacy and advanced education on one of the fastest-growing investment tools in the U.S.,” said IIUSA Executive Director Peter Joseph. “Industry stakeholders will have the opportunity to hear directly from the federal government on the future of the EB-5 Program including issues critical to maintaining the Program’s strength and integrity.”

In conjunction with the EB-5 Advocacy Conference, IIUSA will hold its Annual Membership Meeting on April 13th which will feature important Association business including addresses from IIUSA officers, elections for directorship positions, committee reports (Association Building, Banking, Best Practices, Compliance, Editorial, Investor Markets, Membership, Public Policy, Public Relations, Technology) and more.

Attendees will have access to a number panels on EB-5 specific issues including legislative, regulatory and government oversight; updates on USCIS policies, adjudication and processing trends; emerging investor markets; the current cultural, economic and political trends driving EB-5 demand in China; visa retrogression; EB-5’s economic impact in the U.S. and steps stakeholders can take to conduct proper due diligence.

Attendance at the 2014 conference was IIUSA’s largest in event history, with more than 450 EB-5 stakeholders from over a dozen countries present for a sold out event. As indicated by its name, the Advocacy Conference presents the best opportunity for stakeholders to engage with regulators and lawmakers in support of immediate reauthorization the Program. Over 500 leaders and stakeholders in the EB-5 industry have already signed IIUSA’s EB-5 is Working letter to the 114th Congress in support of reauthorization 

IIUSA’s members account for more than 95 percent of capital flowing through the EB-5 program and have supported successful economic development projects around the country. IIUSA’s Regional Center Members are listed on the Interactive Regional Center Map, which lists each Regional Center’s location, approval date, states served, approved geography and industries, website and more. This map is further searchable by which members have I-526 (Immigrant Petition) and I-829 (Removal of Conditions) approvals 

Registration for the EB-5 Regional Economic Development Advocacy Conference is still available. To learn more, visit the conference event page or contact info(at)iiusa(dot)org.



Practice Alert: NVC Processing of Chinese EB-5 Immigrant Visa Applications

February 4, 2015 @ 2:25 pm
Posted by Exclusive Visas

AILA was advised by the National Visa Center (NVC) that appointment notices for Chinese EB-5 applications may indicate that applicants must bring original documents, even if NVC already had original documents. NVC emphasized that those applicants who require original documents from the NVC file are not penalized and that applicants should attend the interviews regardless of whether they have all of their original documents. In cases where originals are unavailable at the interview, the file will be shipped to Guangzhou after the interview, instead of before it. Questions or concerns about a particular application can be addressed directly to the U.S. consulate in Guangzhou at GuangzhouIVform@state.gov.



Klasko Immigration Law Partners, LLP Launches EB-5 Compliance Sector

January 30, 2015 @ 1:47 pm
Posted by Exclusive Visas

Firm Expands Its Internationally Recognized EB-5 Immigration Practice to Include an EB-5 Compliance Sector

Klasko partner Daniel B. Lundy has been tapped to head the compliance sector at the firm.

 

As posted by PRWEB, Philadelphia, PA (PRWEB) January 30, 2015

Klasko Immigration Law Partners, LLP, named one of America’s top Immigration Law Firms by U.S. News and World Report, has launched a compliance practice to complement its world-renowned EB-5 visa practice headed by firm chairman H. Ronald Klasko. Mr. Klasko was recently recognized again by EB-5 Investor Magazine as one of the top 25 attorneys in the U.S. for EB-5 matters.

Klasko partner Daniel B. Lundy has been tapped to head the compliance sector at the firm. Like Mr. Klasko, Mr. Lundy is a seasoned EB-5 attorney and is also recognized as one of America’s top 25 EB-5 attorneys by EB-5 Investor Magazine.dan lundy

The U.S. Immigrant Investor Program, or “EB-5” as it is commonly known, is a visa program for investors and entrepreneurs who make investments of $500,000 or more into projects and enterprises in America that create jobs for qualifying workers. Government-designated regional centers pool investor funds for deployment into such ventures, which are typically large-scale, multi-year, multi-million dollar real estate development or infrastructure projects. In turn, each immigrant investor must demonstrate that his/her investment has created at least 10 full-time permanent jobs in the U.S. in order to qualify for a green card through the EB-5 Program.

Verifying job-creation for each investor requires a team of dedicated legal, business, economics and accounting professionals who understand the complexities of EB-5, and are prepared to chart the course for clients from project proposal, through job-creation, to documentation and eventual permanent residence for the immigrant investors. Klasko has added a compliance team to its already extensive EB-5 practice sector to do just that.

On February 10, 2015, Klasko Immigration Law Partners, LLP will host a complimentary one-day seminar for real estate attorneys, developers and regional centers at The Hub Cira Center in Philadelphia: “Marketing and Compliance: A Guide for Regional Centers and Developers”. The program begins at 8:00 am with registration and continental breakfast, and finishes at 4:00 pm with a networking cocktail reception immediately following. Attendance is limited and RSVPs are encouraged by Friday, February 6, 2015.

For more information on the seminar, or on the firm’s EB-5 compliance practice, please go tohttp://www.eb5immigration.com or http://www.klaskolaw.com or contact Mr. Lundy directly at: dlundy(at)klaskolaw(dot)com.



Brazil and EB-5 by the numbers

December 19, 2014 @ 10:22 am
Posted by Exclusive Visas

By Renata Castro, Project Manager at Exclusive Visas        

In recent years I have been repeatedly asked about official numbers for EB-5 pertaining to Brazilian Investors’ I-526 filings. It shouldn’t come as a surprise – as the number of EB-5 offerings increased radically, and the cost (and availability) of raising EB-5 in China became more and more pervasive, EB-5 Regional Centers, Projects, Franchises, and Immigration attorneys alike began  pursuing a new frontier for their EB-5 related marketing efforts.

Brazil, for several reasons, has been a strong contender to other more established EB-5 markets, for a few reasons:

  • Brazilians (unless those with dual citizenship) do not qualify for E-2 visas;
  • Brazilians have also been eliminated from the green card lottery recently;
  • Growing political turmoil in Brazil, paired with a long history of mismanagement of public funds and corruption;
  • Violence; among other things.

EB-5, when Exclusive Visas first visited Brazil around three years ago, was relatively new to Brazilians. I recall spending countless hours translating conversations between prospective EB-5 investors and immigration attorneys that were mostly related to the basics of EB-5. Now EB-5 investors are much more sophisticated, asking questions that are more elaborate, resulting from a year-long (usually) exploration of EB-5 as a viable immigration option (not necessarily a review of projects).

The numbers, as shown below, can be interpreted as a strong indicator of a few trends, which I will discuss below:

Receipts, Approvals, and Denials for Brazil – Fiscal Year 2005 to 2014[1]

FY

Receipts

Approvals

Denials

2005

2

0

2

2006

1

1

0

2007

2

1

1

2008

7

0

0

2009

8

11

1

2010

10

5

1

2011

11

6

2

2012

18

13

1

2013

19

9

0

2014

47

17

3

Grand Total

125

63

11

Report Date and Data Queried: November 18, 2104 Data type: Receipts, Approvals, and Denials by Fiscal Year with a country of birth of Brazil, Form Type I-526.

 It’s important to analyze this data not in light of numbers from China, which is a mature and organized EB-5 market. Brazilians have the ability to hit double digits in EB-5 petitions very soon, and here’s why I am placing on my bets on this blooming EB-5 market:

  • In spite of the exchange rates terrible turn for the worse from 2012 to 2014, EB-5 petitions have doubled. In 2012, US$ 1 = R$ 1, 79. In 2014, US$ 1 = R$ 2,80. It costs almost double for Brazilians to do EB-5 today than it did in 2012, and yet numbers continue to rise.
  • Although there are a considerable number of denials, they are likely from direct EB-5 petitions. EB-5 investors from Brazil tend to explore direct EB-5 more aggressively than their Chinese counterparts, however, a growing number of more educated EB-5 investors has come to realize that Regional Center –affiliated projects tend to offer a higher likelihood of approval.
  • Inquiries from Brazil have continue to grow, as reported by Regional Centers and Franchises across the USA
  • EB-5 capital out of Brazil tends to come at a lower cost for projects as there aren’t any intermediaries.
  • Brazilian investors tend to visit projects in the USA prior to making an investment decision. This causes considerable delays in the process, for practical reasons. 

For periodic updates on Brazil’s EB-5 interests, and other up and coming EB-5 markets, subscribe to Exclusive Visas’ newsletter.



New USCIS Data Shows Remarkable Growth for EB-5 Program

December 17, 2014 @ 9:52 am
Posted by Exclusive Visas

IIUSA analysis points to staggering increase in qualified funds raised and projected job creation.

 

As posted in (PRWEB) December 17, 2014

iiusa_logoThe Association to Invest in the USA (IIUSA), the national not-for-profit industry trade association for the EB-5 Regional Center Program (the “Program”), recently released its analysis of U.S. Citizenship and Immigration Services (USCIS) data demonstrating significant growth of the EB-5 program in FY2014.

Under EB-5, a program created by Congress with broad bipartisan support, foreign nationals who invest between $500,000 and $1,000,000 dollars in approved U.S. businesses are eligible for permanent residency if the U.S. government confirms that their investment created at least 10 American jobs within two years of the investment.

According to IIUSA analysis, the number of investors seeking to participate in the Program in FY2014 increased by 72 percent compared to FY2013, and the number of investors requesting approval for permanent residency based on demonstrated job creation has more than doubled.

Specific data points of interest include: 

    • In FY2014, USCIS received 10,928 I-526 petitions to determine eligibility for the EB-5 Program, compared to 6,346 I-526s received in FY2013.
    • USCIS approved 5,115 I-526 petitions in FY2014 – representing approximately $2.6 billion in capital designated for investment in U.S. job-creating projects
    • In FY2014, USCIS received 2,516 I-829 petitions to remove visa conditions based on demonstrated job creation compared to 1,217 I-829s received in FY2013
    • USCIS approved 1,603 I-829 petitions which represents at least 16,030 American jobs created by EB-5 capital

“The numbers released by USCIS point to astounding growth of investors participating in the EB-5 Program as well as investors demonstrating jobs created by EB-5-funded projects,” said IIUSA Executive Director Peter Joseph. “The increase of approved investors in the past year, compared to those from 2008 when our country was entering its devastating economic downturn, is nearly 800 percent; and the number of completed projects in FY2014 has similarly skyrocketed. Public and private developers alike have found EB-5 to be immensely valuable in bringing jobs and industry to the U.S., and these are the numbers to prove it.”

IIUSA’s analysis also notes that 1,266 I-526 and 178 1-829 petitions were denied, demonstrating the rigorous scrutiny and oversight exercised by USCIS as well as the risk required by law for those participating in the EB-5 program.

“USCIS has taken important steps in the last year to improve its ability to evaluate petitions and projects and strengthen the integrity of the program,” said Joseph. “IIUSA will continue to advocate for integrity measures as well as Congressional reauthorization of the program that continues to bring much-needed capital and job creation to communities across the country.”

EB-5 Investor Visas - Permanent U.S. Residency with the EB-5 Program

EB-5 consultants from Exclusive Visas assist foreign investors looking for EB-5 visa options to obtain U.S. residency. Each EB-5 consultant is experienced in EB-5 investor visa procedures.

2149 N Commerce Parkway Weston, FL
Phone: (954) 727-9800