EB5 News & Articles
Summary of EB-5 Adjudication Policy Memorandum USCIS Stakeholder Meeting on January 12, 2012
On January 12, 2012 USCIS held a stakeholder meeting in Washington, DC with Director Mayorkas aiming to collect constructive comments on the recently issued draft of EB-5 Adjudication Policy Memorandum. The meeting was conducted in a conversation and discussion format, with 25 representatives from Regional Center, law firms, bar association and projects interested in EB-5 finance. The meeting lasted approximately 2.5 hours……. [Read More]
There are too many Regional Centers which do I choose?
At this time there are close to 225 Regional Centers (RC) that have received designation (approval) from the USCIS with variety of projects from developing hotels, green projects, assisted-living and nursing homes, mixed-use office and residential facilities, agricultural cooperatives, and commercial and developmental loans. Many RCs do not have the track record of success let alone any real projects that is “shovel” ready – meaning that they are able to begin immediately or are already in progress……. [Read More]
Mona Shah & Associates Exclusive Interview with EB-5 Investor for South Dakota Beef Packers Lawsuit
On March 2, 2012 Mona Shah & Associates has an exclusive interview with one of the EB-5 investors for the Northern Beef Packers (NBP) project. The lawsuit was filed in the district court of South Dakota may threaten construction of NBP cattle processing facility and delay the I-829 filing for the job creation requirement. NBP decided not to pay a $50,000-per-investor commission for recruiting EB-5 investors to the immigration agent Henry Global Consulting Group because it did not bring 100 investors as they promised. Only 70 investors were subscribed to the project.This is only one example to show the tension between the immigration agents and the project in their fee arrangement……[Read More]
The Practical Implications of “the JOBS Act” for EB-5 Practice By Yi Song, Esq.
On March 22, 2012 Washington, DC, “Jumpstart Our Business Startups” (JOBS) Act was passed by the Senate, following its passage on March 8, 2012 by the House of Representatives. The purpose of the said legislation is to ease the regulatory burden on small companies for raising capital. This article provides an in-depth analysis of what the new law means to the EB-5 world and to regional centers…….[Read More]