Earlier this summer, Invest in the USA (IIUSA), the not-for profit membership association for EB-5 professionals, launched a membership drive to bring new stakeholders into its community. In doing so, the association will be able to continue to diversify its membership base in the U.S. and around the world, and ultimately further EB-5’s economic impact. [...]
Since we held our last EB-5 webinar, the world has been turned upside down. The global spread of COVID-19 has upended entire economies, and the EB-5 Program touches three areas which have been severely affected: employment, immigration and real estate development. On Wednesday, August 12, JTC Americas, Formerly NES Financial, hosted an important EB-5 webinar, [...]
NES Financial, a JTC Company (LON: JTC), announced today that it has been contracted to provide its purpose-built Private Equity Fund Administration Solution to Bridgeway Liquid Redeployment Fund — a boutique financial services firm that focuses on providing solutions to unique investment management situations. As wait times for Chinese-born EB-5 investors surpass the average length [...]
To help EB-5 Issuers during these unprecedented times, JTC Americas, Formerly NES Financial’s EB-5 Administration Solution Suites provide an integrated approach to administering the entire EB-5 program life cycle — from navigating multi-faceted subscription escrow and depository requirements, to streamlining multi-level fund administration, to providing audit trails for issuers, investors and regulators. Now our Solution [...]
Since it has been confirmed that President Donald Trump’s latest COVID-19 immigration visa Executive Order exempts the EB-5 program, investors can still definitively file their I-829 Petitions with USCIS. With the rush of investor interest leading up to the effective date the EB-5 Immigrant Investor Program Modernization last year and its investment minimum increase, we [...]
In Part III of our “EB-5 Insights from the Experts” blog series, we spoke with Sam Udani, the publisher of ILW.com, a leading immigration law publisher with over 300,000+ monthly visitors and over 33,000 subscribers. Since Sam has been in the EB-5 industry for almost 30 years, there was a lot to discuss with him, [...]
An IIUSA-hosted EB-5 Webinar Tuesday, April 21 | 2 P.M. ET/ 11 A.M. PT U.S. Citizenship & Immigration Services (USCIS) provides government oversight of the EB-5 Program by creating and implementing policy through federal regulations. Sometimes, however, USCIS creates policies through other processes, such as updates to its Policy Manual or through adjudication decisions, that [...]
In Part II of our “EB-5 Insights from the Experts” blog series, we spoke with CanAm Enterprises CEO Tom Rosenfeld about his 2020 forecast for the EB-5 market and program. CanAm has been a leading Regional Centers operator in the U.S. for over 30 years and has worked with more than 5,500 EB-5 investors. They [...]
Note: A version of this article by JTC Americas' General Counsel Jill Jones was published on Bloomberg and can be read here. Any discussion regarding the EB-5 industry these days inevitably includes the words “retrogression,” “backlog,” and “long processing times.” And for good reason. Although USCIS’ published adjudication time for the conditional green card petition [...]
To kick off our "EB-5 Insights from the Experts” blog series, we asked two legal experts to share their 2020 forecast for the EB-5 program: Robert Divine, leader of Baker Donelson’s Global Immigration Group and former Chief Counsel of USCIS, and H. Ronald Klasko, managing partner of Klasko Immigration Law Partners, LLP, have a lot [...]