EB-5 News & Updates #147 October 10-17
Projects
 | One 15 Brooklyn Marina | |
| This project is for Phase 2 of the One15 Brooklyn Marina development. The project involves the development, construction and operations of a harbor club. The Project is located at Pier 5 in Brooklyn Bridge Park in... | ||
Posts
 | Tax Implications of Becoming An EB-5 Investor | |
| With careful planning the tax implications of becoming an EB-5 investor might not be so bad. When an EB-5 investor receives their visa and becomes a U.S. permanent resident their global income becomes subject to US taxes. For EB-5... | ||
 | Changes to EB-5 Program Taking Effect November 21, 2019 | |
| The U.S. Citizen and Immigration Services has made significant changes to the EB-5 Immigrant Investor Program, which will go into effect on November 21, 2019. The EB-5 program allows foreign investors to invest in projects in exchange... | ||
 | EB5 Green Card Processing Time | |
| Here’s the latest EB5 green card processing time: The Most Recent EB5 Visa Bulletin: Check out the October EB5 Visa Bulletin and keep an eye out for the most recent EB5 Visa Bulletin to see if your country is current on their... | ||
 | THE STATE OF PLAY IN WASHINGTON – OCTOBER 2019 | |
| I recall sending out a blog piece discussing the State of Play in Washington last year-- October 2018. Back then, I discussed upcoming mid-term elections, the continued funding authorization for the EB-5 program, the Yoder Amendment,... | ||
 | OPPORTUNITY: Foreign investment program could be a good fit for Valley | |
| The city of McAllen recently announced a deal with Houston-based investors to help fund construction of the Cambria Hotel, next to the McAllen Convention Center. Some of the investors are foreign-born, and the deal utilizes a federal... | ||
Updates
Regional Center Updates | ||
 | Vermont officials still working with defrauded EB-5 investors | |
| The Vermont financial regulation commissioner says the state is still working with foreign investors defrauded in the Kingdom Con scandal. The Vermont Supreme Court ruled last week that the lawsuit against the state brought by the group of EB-5... | ||
 | Vt. Supreme Court deals blow to state in EB-5 suit | |
| Investors can sue for being misled Vermont’s highest court has reversed a decision in an EB-5 investor lawsuit against the state commerce agency. The state Supreme Court decision issued Friday allows investors to proceed with claims of... | ||
 | State presses to keep EB-5 center open despite blistering rebukes by feds | |
| Mike Pieciak, commissioner of the Department of Financial Regulation. he state is calling on a federal agency to reconsider its decision last month to shutter the scandal-plagued Vermont EB-5 Regional Center. But, the state isn’t very hopeful... | ||
 | Vermont Regional Center to appeal closure by USCIS | |
| Vermont Business Magazine In a statement issued today, the Vermont Regional Center (VRC) will pursue a motion for reconsideration with the United States Citizenship and Immigration Services (USCIS) regarding its September 25, 2019... | ||
Firms Updates | ||
 | Unreasonable EB-5 processing delay? Take the government to court | |
| With EB-5 processing times slowing to a crawl, many frustrated applicants want answers — and adjudication. Law firm Klasko Immigration Law Partners says that constant inquiries won’t produce a faster adjudication — but a mandamus lawsuit often... | ||
 | I-526 data: 5-year lows for filing, processing & approvals | |
| IIUSA has published a report on I-526 data and the numbers are way down. Q3 2019 saw 5-year quarterly lows for filing, adjudication and approvals. While it has been documented that processing times have slowed down, approval rates may... | ||
 | EB-5 Securities Law Disclosure Obligations and Possible Marketing Opportunities In the Wake of the Recent Modernization Rule | |
| The obligation to make full and fair disclosure under the US federal securities laws is most often viewed by many, if not most sponsors who are seeking EB-5 capital as a legal and regulatory burden – sometimes almost as a necessary evil.... | ||
 | A scandal in Front Royal highlights the EB-5 investor visa program’s flaws | |
| The Front Royal-Warren County Economic Development Authority in Front Royal, Va., on Aug. 16. BEST KNOWN to Washingtonians as the northern gateway to Shenandoah National Park, rural Front Royal, Va., has been making news lately for big-city-style... | ||
Project Updates | ||
 | Charter School Construction Now Commencing in Parkland | |
| 2018 rendering of Somerset Parkland Academy. The cows who once roamed the property located at the intersection of University Drive and... | ||
 | EB-5 fund directs another $30M to One Willoughby | |
| CanAm Enterprises has closed an additional $30 million of EB-5 capital for the ongoing construction of the One Willoughby Square office... | ||
User Updates | ||
 | Immigration law changes could affect major Houston projects | |
| The EB-5 investor program, which has provided significant funding to major Houston real estate developers and a viable way to legally immigrate, is about to undergo a major regulatory change. Immigrating to the U.S. is highly restricted, but one... | ||
 | Quiros files to move case out of Vermont, cites ‘inflammatory’ coverage | |
| Ariel Quiros, center, arrives outside federal court in Burlington with his legal team for his arraignment on charges pertaining to the EB-5 fraud case on May 22. Aman described by prosecutors as the mastermind of a fraud scheme that bilked... | ||
Events
 | EB-5 Immigrant Visas – From $500,000 to $900,000 and other upcoming changes that may affect your clients 14501 Grove Resort Avenue, Winter Garden, FL 34787, Winter Garden, US 10/17/2019 6:00PM - 8:00PM (Eastern Daylight Time) Rusten C. Hurd is a founding shareholder at Colombo & Hurd, PL, a law firm dedicated to U.S. immigration. In over two decades of legal practice, Mr. Hurd has garnered extensive experience representing clients from throughout the world with all typ... | Free |
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