EB-5 Temporarily Extended Short-term, Congress recently passed a continuing resolution extending the EB-5 Regional Center Program through April 28, 2017. Insiders in the EB-5 industry are still working overtime in an effort to update existing legislation so that it will be acceptable within the industry as...
As a Commonwealth of the United States, Puerto Rico uses the U.S. Dollar as its currency, is defended by the U.S. armed forces, and is subject to the American Federal Court System and Laws. However, one little-known fact that is highly useful to prospective EB-5...
When Congress established the EB-5 Visa Category in 1990, its goal was to to ensure that the funds committed by immigrant investors were obtained lawfully and not as a result of any illegal activity. Therefore, lawmakers passed a “lawful source of funds” requirement for both...
This post is part of e-Council Inc.’s “Spotlight” series, in which we feature successful EB-5 projects across different industries and business types. Some of the spotlighted businesses may be our clients’ while others are not, but all have one theme in common: SUCCESS Using EB-5...
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,...
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...