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(This one is for Ann T. in Chicago :).) The basic framework of the EB-5 regulations requires that an investor make an "equity" investment into a qualifying EB-5 program. A loan to a project with a guarantee of repayment does not suffice. This has not always been the case, however. When the program was first [...]
On January 11, 2012, the USCIS sent out <a href="http://www.uscis.gov/USCIS/Outreach/Feedback%20Opportunities/Draft%20Memorandum%20for%20Comment/EB5_memo_2ndpost_with_changes.pdf" target="_blank">a redline version</a> of its new EB-5 policy memo. The redline shows changes against a <a href="http://www.uscis.gov/USCIS/Outreach/Feedback%20Opportunities/Draft%20Memorandum%20for%20Comment/EB5_coverandmemo_2ndpost.pdf" target="_blank">draft of a new EB-5 policy memo</a> that was released for comments a few weeks back. The changes to the draft, as well as a number of other [...]
As soon as the Wall Street Journal article relating to a new bill introduced by Senator Schumer(D-N.Y.) and Senator Mike Lee (R – Utah) which aims to allow foreigners to “buy a house and get a U.S. visa” hit the airwaves, I received three emails from friends and colleagues asking about what this meant for [...]