Permanent resident status based on EB-5 eligibility is available to investors, either alone or coming with their spouse and unmarried children. Eligible aliens are those who have invested — or are actively in the process of investing — the required amount of capital into a new commercial enterprise. They must…
Many of our Blog visitors are often asking about the EB5 program, How can I apply? How much does it cost, How Fast?. In this post let us look at the basics of this program. This is in part from a study by the Carlson Consulting Enterprise from Minnesota. The…
We are happy to share USCIS performance data containing statistical information on immigrant petitions by alien entrepreneur and petitions by entrepreneur to remove conditions. The number of cases received, approved and denied for through the fourth quarter of FY2012. These petitions are filed under the fifth employment-based preference category (EB-5)…
USCIS has recently published Questions & Answers on EB-5 Economic Methodologies. This Q&A document prepared by two USCIS economists came after a 6/22/12 public engagement where stakeholders sought clarification on issues related to hotel/resort development & acquiring real estate related to EB-5 program. Two of the primary questions raised at…
Facebook co-founder Eduardo Saverin drew public ire last month following the revelation that he had renounced his U.S. citizenship, a move widely seen as a tax dodge. But thousands of wealthy foreigners are lining up to replace him, making investments here and putting themselves on a path to citizenship in…
Recently USCIS provided EB-5 statistics provided for a stakeholder engagement meetig, including information on service-wide receipts, approvals, and denials of I-526s and I-829s; the number of approved EB5 Regional Centers by fiscal year. The statistics reveal an increase across the board in all EB-5 related filings including I-924 applications for…
In a recent Reuters article, a report showed that immigrants founded or cofounded almost half of 50 top venture-backed companies in the United States for 2011, a new study shows, underscoring some of the high stakes in potential immigration reform. The venture capital community argues the study, completed by research…
On November 9, 2011, USCIS posted for comment the Draft Memorandum on EB-5 Adjudications Policy. The Memo provides clarifications on the current law and policies concerning adjudication of EB-5 petitions. American Immigration Lawyers Association (AILA) provided its comments and suggestions for the Final Memo. AILA pointed out the major issues…
Today, U.S. Citizenship and Immigration Services (USCIS) posted a job announcement and began accepting applications from business experts to serve on the USCIS Entrepreneurs in Residence tactical team. The purpose of the tactical team is to bring business experts in-house to work alongside USCIS staff to ensure that current immigration…
The EB-5 Category is an excellent opportunity for many foreign nationals to become permanent residents of the United States. In the U.S. so far this year almost 3,000 Chinese citizens have applied for investor visas, up from 270 in 2007. That’s 78 percent of the total applicant pool for this…