EB-5 News Archive for the ‘US Immigration News’ Category
U.S. Citizenship and Immigration Services (USCIS) invites you to take part in a teleconference on Wednesday, February 26, 2014 from 1:30 p.m. – 3:00 p.m. (Eastern) to discuss the EB-5 Immigrant Investor Program.
During this engagement, USCIS will introduce the new chief of the USCIS Immigrant Investor Program Office, provide updates on the program, and discuss the EB-5 Adjudications Policy Memorandum issued on May 30, 2013. Participants will have an opportunity to ask questions and discuss a broad range of EB-5 issues.
To Register for this Session:
Please visit our registration page to register for this event. All registrations must be received by Friday, February 14, 2014. Be sure to provide your full name and, if applicable, the name of your organization by following the steps below:
- Enter your email address and select “Submit”
- Select “Subscriber Preferences”
- Select the “Event Registration” tab
- Complete the questions and select “Submit”
Once your registration is processed, you will receive a confirmation email with additional details.
To Submit Agenda Items:
We encourage you to submit non-case specific agenda items before the teleconference. You may do so on the event registration page or by emailing us at Public.Engagement@uscis.dhs.gov. Please submit all questions and agenda items by Friday, February 14, 2014.
If you have any questions regarding the registration process, or if you have not received a confirmation email within two business days after you register, please email us at Public.Engagement@uscis.dhs.gov.
We look forward to engaging with you!
By Renata Castro
The Department of State, issued on January 29, 2014, a 60-day notice period for a proposed information collection, where any interested individual or organization are welcome to submit comments, or suggestions on the current Electronic Application for Immigration Visa and Alien Registration form, or DS-260.
This is a particularly important form for EB-5 investors who seeking their permanent residency while outside the United States. After the I-526 petition is approved, the EB-5 investor and his or her family would then file individual forms DS-260 which would lead them to consular processing of their EB-5 application.
Comments on form DS-260 will be accepted until March 31, 2014, and can be submitted as instructed below:
- The DS Form number must be included, as well as the collection title, and the OMB control number in the email.
On the web
- The Federal Docket Management System (FDMS) can be accessed by visiting www.regulations.gov. Search for Public Notice 8612 in the search bar.
More information can be found here.
By Fred Burgess
EB-5 Regional Center Investments carry neither approval nor any judgment of their quality by the U.S. government. The fact that a business is designated a Regional Center (RC) by USCIS does not mean in any way that USCIS, the SEC, or any other U.S. government agency has given any form of approval to the offered investments. As with any investment, it is important to research all considered EB-5 offerings thoroughly.
The SEC and USCIS advise the following steps:
Confirm that the regional center has been designated by USCIS. If you intend to invest through a regional center, check USCIS’s list of current regional centers. If the regional center is not on the list, ask why.
Obtain copies of documents provided to USCIS. Regional centers must file an initial application (Form I-924) to obtain USCIS approval and designation and must submit a corresponding update at the end of every calendar year. Ask the regional center for copies of those forms and other supporting documentation provided to USCIS.
Request investment information in-writing. Ask for a copy of the investment offering memorandum or private placement memorandum. If you do not understand the provided information or the issuer is unwilling or unable to answer questions to your satisfaction, move on.
Seek independent verification. Confirm whether claims made about the investment are true. If other companies have allegedly signed onto the project, seek out those companies for confirmation.
How much of money will the developer invest in the project? Recognize that if principals and developers do not make an equity investment in the project, their financial incentives may not be linked to the success of the project.
All these tips should be addressed in the due diligence stage of the EB-5 investment. The importance of which cannot be overstated.
An Exclusive Visas EB-5 Consultant will cut through the confusion by explaining how the program works generally and specifically. Exclusive Visas brings together all the elements of the program, manages timelines, and gives the client the broadest likelihood of success.
From petitioning the USCIS to choosing a credible RC project to invest in, Exclusive Visas will see to it that the investor has all the information necessary to make the best of the EB-5 opportunity.
Click Here to Contact an Exclusive Visas EB-5 Consultant Now
The office of The Inspector General released a memo addressed to Alejandro Mayorkas, Director of the United States Citizenship and Immigration Services, on the IG’s general inquiry into the EB-5 program.
The report contains four recommendations aimed at improving the EB-5 Regional Center program.
To read the document, click here.