EB-5 News & Updates #145 September 26 - October 03

Posts

EB-5 Visa Interest In Nigeria Is Growing
Interest in the EB-5 visa appears to be growing in Nigeria. According to the Report of the Visa Office, 97 Nigerians were issued EB-5 visas in FY 2018, the highest number of EB-5 visas issued for any African country that fiscal...
Looking for an EB-5 investment: Here are 5 considerations
1. Real estate projects have advantages Real estate construction projects require a substantial investment with abundant job creation that EB-5 investors can rely on. EB-5 Regional center projects are allowed to count...
50 Days Left To Apply At The $500,000 EB-5 Visa Rate
In the latest EB-5 news, on Friday, President Trump signed the Continuing Resolution extending the EB-5 Regional Center Program through November 21, the same day the EB-5 Modernization Regulation takes effect. This means interested...
Imminent Changes To US Immigration Program
There has been a lot of recent media attention surrounding the EB-5 Investment Visa Program, and for good reason. South African residents are not able to emigrate for exchange control purposes (sometimes referred to as a financial...

Updates

Regional Center Updates
Which Past Will Be Prologue for Opportunity Zones in Atlanta?
The first “Chief Opportunity Zone Officer” in the city of Atlanta, above, brings EB-5 experience to the job.  Destiny came calling for Ed Smith. Hired this summer at Invest Atlanta, the city’s economic development authority, Smith...
EB-5 Visa Interest In Nigeria Is Growing
EB-5 NEWS EB-5 Visa Interest In Nigeria Is Growing By CLARE LITHGOW 4 days ago218 views   0 Interest in the EB-5 visa appears to be growing in Nigeria. According to the Report of the Visa Office, 97 Nigerians were issued EB-5...
Feds slam state in affirming decision to close Vermont EB-5 center
Mike Pieciak is the commissioner of the Vermont Department of Financial Regulation.  he federal government has rejected an appeal by the state, reaffirming its earlier decision to terminate and shutter the scandal-plagued Vermont EB-5...
Homeland Security rejects Vermont's attempt to reopen EB-5 Center
The feds are rejecting Vermont's attempt to reopen the state's EB-5 Center. The EB-5 program allows foreigners to invest in a development project in exchange for green cards and being put on a fast track for citizenship. In 1997, Vermont opened...
Vermont loses appeal on EB-5 regional center termination
Burke Mountain Hotel ribbon cutting, September 2016. Vermont Business Magazine Today the State of Vermont received a decision from the United States Citizenship and Immigration Services(USCIS) in response to the state’s September...
Getting to the bottom of EB-5
About a dozen or so years ago, one of the largest real estate projects in Vermont history was about to be undertaken in the Northeast Kingdom. The concrete had yet to cure when a massive fraud was alleged to have been conceived and executed by...
Vermont’s appeal over visa center at heart of EB-5 fraud denied
The federal government has upheld an earlier decision to close the Vermont Regional Center, citing the allegations of “massive” fraud at the Jay Peak ski resort and a lack of evidence that the state’s immigrant investor program promotes...
US stands by decision to end Vermont’s immigrant investor program
Allegations of fraud at Jay Peak Resort in Vermont figured in the US government’s decision to close the state’s immigrant investor program. The federal government has upheld an earlier decision to close Vermont’s immigrant investor program,...
Firms Updates
Virginia town dreamt of renewal, partly with EB-5 money: now $21 million gone, 14 officials implicated, and sheriff dead by suicide
The quiet Washington town of Front Royal pinned hopes of a redevelopment project on a promise of $40 million of EB-5 money and $140 million from a supposed federal contract. A civil lawsuit claims that the lead players had no intention of...
Grassley & Leahy introduce EB-5 Reform and Integrity Act to increase security, curb fraud, and extend program 5 years
The two senators have introduced an EB-5 reform bill to increase Department of Homeland Security (DHS) control over EB-5. With fees from both regional centers and investors, it would give DHS authority to perform audits, make site...
Ill.-based CMB Regional Centers raises over $3B in EB-5 investor capital
CMB Regional Centers, one of the nation’s more than 880 fifth employment-based preference (EB-5) regional centers, has raised a record-setting total of more than $3 billion in capital from EB-5 investors through 71 related investment...
New Initiative Announced by EB5 Affiliate Network to Safeguard EB-5 Investors' Funds
Samuel Silverman, Managing Partner of EB5 Affiliate Network, discusses the introduction of a new initiative that promises to protect EB-5 investors' funds in the event of an I-526 application denial. EB5 Affiliate Network (EB5AN), a leading EB-5...
User Updates
Reauthorization, Country Caps, S.2540, Visa Bulletin
' Since last writing, Congress gave the regional center program another short authorization, the Fairness for High-skilled Immigrants Act almost passed the Senate, Senators Grassley and Leahy introduced a new piece of EB-5...
EB-5 News: 50 Days Left To Apply At The $500,000 EB-5 Visa Rate
By Clare Lithgow   In the latest EB-5 news, on Friday, President Trump signed the Continuing Resolution extending the EB-5 Regional Center Program through November 21, the same day the EB-5 Modernization Regulation takes effect. This means...
Project Updates
EB-5 News: 50 Days Left To Apply At The $500,000 EB-5 Visa Rate
By Clare Lithgow  In the latest EB-5 news, on Friday, President Trump signed the Continuing Resolution extending the EB-5 Regional...

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