EB-5 Program Supports 355,000 American Jobs, Economic Impact Study Finds

During the two-year fiscal period of 2014-15, the US EB-5 program accounted for some $11 billion in capital investments in the US and supported 355,200 jobs or about 6% of all private-sector employment growth during the period, finds a study. Prepared by Economic & Policy Resources Inc., and co-sponsored by EB-5 industry advocacy groups IIUSA

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Total Collapse: Chinese Share of EB-5 Program Falls by 45% ’18, Lowest in 10 Years

The effects of 15-year wait times and a growing interest in European alternatives are starting to manifest in Chinese application volumes for the US EB-5 program. Figures for the fiscal year 2018 show the share of EB-5 visas issued to Chinese nationals has fallen to just 42%, down from 75% the year before. Not since

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Quebec to Cut QIIP Selection by Up to 65% in 2019, CSQ Wait-Time to Double

As part of its plan to reduce overall immigration to the province, the government of Quebec is cutting the number of Quebec Immigrant Investor Program (QIIP) applicants it grants a Certificat de Sélection du Québec (CSQ) from 5,900 investors and their family members to as little as 2,100. As the QIIP application quota remains unchanged,

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EB-5 Wait-Times for Vietnamese, Indians Now 6+ Years as Retrogression No Longer Limited to China

Chinese applicants are no longer the only group suffering under the EB-5 program’s intractable retrogression nightmare; Indian and Vietnamese investors applying today can expect to wait 5.7 and 7.2 years, respectively, to get their EB-5 visas approved, shows an analysis by Mr. Charles Oppenheim, Chief of the Department of State’s Immigrant Visa Control & Reporting Division.

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Regional Center Applications Plummet 95%, Lowest Level in 6 Years

The United States Citizenship and Immigration Service (USCIS) received only 25 I-924 applications – the petition private and public economic entities file to request status as a regional center under the EB-5 program – during the third quarter of fiscal year 2018. The figure is the lowest on record since 2012 and represents a 95%

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SEC Charges Couple with $10 Million EB-5 Fraud and Cover-Up

The SEC this week charged California-based lawyer Jean Danhong Chen and her husband Tony Jianyun Ye with raising over US$10 million in undisclosed commissions through the sale of EB-5 securities, as well as for attempting to tamper with evidence after they learned they were under investigation. According to an SEC press release, the couple conspired

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EB-5: Regional Center Program Extended, IIUSA Supports Backlog Lawsuit

President Trump yesterday signed a spending package that included a short-term “continuing resolution” (CR) to extend the EB-5 Regional Center Program to December 7th this year. Yesterday’s resolution marks the 13th consecutive short-term extension since September 2015. The last time the Regional Center Program received a long-term authorization was in September 2012, when it was

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Tajick: Public Broadcaster Investigation Rocks Québec IIP

On the 20th of September, the whole investment migration industry in Canada was holding its breath before the airing of the Enquête investigation report on the Quebec Immigrant Investor program. The investigation team went undercover in Hong Kong to unravel the darkest secrets of the program and the industry. It came with the purpose to

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450 Chinese EB-5 Investors Sue US Govt. Over 15 Year Wait Times

Press release via Business Wire: A group of more than 450 Chinese EB-5 investors are suing the U.S. government to challenge visa policies that keep investors waiting up to 15 years to come to the United States. American Lending Center (ALC), one of America’s leading EB-5 regional centers, has joined the suit to support and

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Top 7 Emerging EB-5 Markets To Watch – By EB-5 Daily

This article was contributed by EB-5 Daily The EB-5 Program is a popular way for high-net-worth foreign nationals to obtain green cards for themselves, their spouse, and children, in exchange for investing capital into U.S. job-creating new commercial enterprises. Asia continues to dominate the EB-5 market with four of the top five countries being Asian.

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EB-5 Re-Authorization Without Increase in Quota “Would Kill the Program” Says Regional Center CEO

CEO and Chief Counsel of Manhattan Regional Center, Winnie Ng, says she was relieved the proposed EB-5 legislation ultimately did not gain inclusion in the omnibus bill on March 26th and that she’s optimistic that legislative changes will eventually solve the retrogression issues haunting Chinese and Vietnamese applicants. During an interview with Investment Migration Insider

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Tajick: 3 Common Myths Canadian Media Uses to Demonize Investor Immigrants

Whereas questioning the degree to which unskilled refugees – tens of thousands of which Canada welcomes annually – sufficiently contribute to the economy is sure to earn you scorn, derision, and epithets like “xenophobe”, investor immigrants can be slandered with impunity. That’s because they are rich, a group of individuals it’s culturally acceptable to criticize. When concerns

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Big Changes Coming to Québec Investor Program – Min. Investment Now C$ 1.2M, Net Asset Requirement Raised

The Quebecois government’s official gazette this Wednesday contained details of the upcoming amendments to the Québec Immigrant Investor Program’s (QIIP) regulations. The changes will “definitely be a deterrent” for prospective applicants who are now likely to see the US EB-5 program as increasingly attractive, says an expert on the QIIP. The amendments will apply to

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EB-5 Program Gets Another Six-Month Lease on Life as Trump Signs Omnibus Bill

Following the passage of the Omnibus Appropriations Act in the House of Representatives on Thursday and in the Senate on Friday, President Trump signed the 1.3 trillion spending measure – which includes an extension of the EB-5 regional center program until September 30th –  into law yesterday. In the weeks leading up to March 20th, EB-5

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