In our previous blog post, we discussed the two most noted economic benefits of the EB-5 program—it stimulates foreign investment and job creation in the U.S. In this post, we will discuss several unanticipated economic benefits that have resulted from the EB-5 program, particularly in...
In June, two United States senators—Republican Senator Chuck Grassley of Iowa and Democratic Senator Patrick Leahy of Vermont—introduced legislation to reauthorize and reform the EB-5 Regional Center Program, which is set to expire on September 30th. The Leahy-Grassley bill was actually the third bill to...
The opportunity to do business and secure permanent residence in the U.S. is an attractive proposition for many investors. So why do so few people take advantage of the opportunity? Since the beginning of the EB-5 program and the passage of the Immigration Act of 1990,...
The EB-5 program is not the only visa program that may be impacted by sweeping reforms in the near future (see our recent article on the Grassley-Leahy EB-5 bill here). Specifically, on April 9th, 2015, Florida Congressman David Jolly (R) introduced a bill that could...
Foreign investment is a powerful tool to grow a nation’s economy while benefiting investors funding projects beyond their own borders. Savvy governments provide incentives to encourage foreign investment in U.S. enterprises, especially those that create jobs and grow local economies. Enhancing positive economic impact was...
As previously reported, the EB-5 Regional Center Program is not a permanent institution; instead, in its current iteration, it requires Congressional re-authorization every few years. Thus far, Congress has reauthorized the program five times since its inception in 1993. The current authorization is set to...
Some E-2 visa applicants make their investments with the intention of eventually transitioning to an EB-5 visa. This article will explore the reasons for converting from E-2 to EB-5 and the important factors that petitioners must contemplate when doing so. Let us first consider the difference...
Brazilian nationals seeking admission to the United States are not eligible to apply for the E-2 Treaty investor visa[1]. Brazil is not a Treaty Country,[2] so potential Brazilian investors must find alternate options for coming to the U.S. to invest in and manage a business. Fortunately,...
In 1990, Congress created the EB-5 Immigrant Investor program in order to stimulate the U.S. economy. In 1993, Congress created the EB-5 pilot program to increase interest in the program by creating the option of Regional Centers. The number of visas granted has significantly increased...