Did you know?

Breaking Down the Battineni v. Mayorkas Ruling: A Landmark for EB-5 Investors

Introduction

The EB-5 Immigrant Investor Program, established in 1990, has been a vital pathway to U.S. residency for foreign investors, promising job creation and economic growth. However, navigating the complexities of the program, especially the stringent documentation requirements to prove the lawful source and path of funds, has been a significant hurdle. Many investors have faced Requests for Evidence (RFEs) and Notices of Intent to Deny (NOIDs), which lead to frustration and discourage potential participants. For some, the level of detail required to prove the source of funds has led them to abandon their applications altogether.

The recent Federal Court ruling in Battineni v. Mayorkas—led by Klasko Immigration Law Partners—addresses these challenges. The decision marks a significant change in the EB-5 program adjudication, heralding a more pragmatic approach to the source and path of funds requirements. This ruling paves the way for a fairer and more reasonable method of evaluating the legitimacy of investment capital, rejecting the overly rigid application of the law by USCIS.

This article will explore the ruling, its impact on EB-5 investors, and how it could reshape the future by providing a more balanced approach to fund verification.

Please click the web link below to read the rest of the article:

https://www.americaeb5visa.com/news/2024/12/8/breaking-down-the-battineni-v.-mayorkas-ruling-a-landmark-for-eb-5-investors


https://www.americaeb5visa.com/news/2024/12/8/breaking-down-the-battineni-v.-mayorkas-ruling-a-landmark-for-eb-5-investors



Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.