Mona Shah Responds to SEC Allegations of “Offering Unregistered Securities” to EB-5 Investors
“We are confident that we will prevail in court, given the strength of our legal and factual arguments,” Shah said in a statement to IMI.
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North America
Govt. Publishes New QIIP Regulations: Unlikely to Attract Many Applicants, Says Expert
Upper intermediate French, a C$200,000 donation, and a 12-month physical presence requirement are but some of the stricter new requirements.
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Be Cautious With EB-5 Projects That Don’t Mind USCIS’ New 2-Year Investment Period
A two-year investment is a bridge-loan. Serious EB-5 projects need more time and longer investment cycles, argues Siren Chen.
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United States EB-5 Program: I-526 Application Volume Hit 3.5-Year High This Quarter
The Q3, 2023 statistical report from USCIS shows demand for EB-5 gaining ground despite stubborn backlogs, writes Varvara Latyntseva.
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EB-5: At 2023 Half-Year-Mark, I-526 Petition Volume Already Exceeds 2022 Total – But Denial Rates Remain Elevated
Not since 2019 have so many investors applied for initial EB-5 visas. But at present, USCIS is rejecting more than half of all applications.
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Canada to Reform Startup Visa: Financially Backed Applicants to Get Priority
Canada will raise the number of spots for Startup applicants and prioritize those financially backed. Work permits will be open and last 3 years.
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Quebec to Reopen QIIP With French Language Requirement and $200,000 Donation, Likely by End of Year
Suspended since 2019, the QIIP is likely to reopen by the end of the year with a new set of requirements, writes Patrick McCarthy.
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EB-5 Special: How The 2022 Program Changes Impacted Application Volume, Processing, and Stakeholders
In this special feature, Varvara Latyntseva details how the EB-5 program changed last year and the effects on applications and stakeholders.
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NDAA Becomes Law: E2 Visas Now Available for Portuguese, Restricted for CBI Citizens
E2 country nationals who are not “domiciled” can no longer get E2 visas if they got citizenship by “financial investment”. But what do those terms really mean?
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House Passes Bill That Would Limit CBI Investors’ Access to US E2 Visas
The act would make E2 visas available to CBI-origin citizens only if they have been “domiciled” in their new country for minimum three years.
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Reported US Citizenship Renunciations in 2022 Exceed Last Year’s Total Already After 3rd Quarter
As US consular missions resume granting appointments to those unable to expatriate during the COVID years, expatriations are rising again.
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E2 Visa Approvals Rebound Unevenly After Pandemic: Japanese Now Account for Half of Applicants
While E2 visa appointments are available within days at the US Embassy in, for example, Tokyo, those applying in Paris face a 7-month wait.
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Reported US Citizenship Renunciations Nearly Triple in Q2 as More Consulates Grant Interviews
Lesperance: “Half of my clients are concerned that the Democrats will keep the House [in November]. The other half are concerned they won’t.”
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SCOTUS Abortion Decision Drives Gush of US-Based Investment Migration Inquiries
“I’ve been receiving about a dozen inquiries a day, up from the one or two US-based inquiries I typically get daily,” says Lesperance.
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EB-5: Regional Center Redesignation “Not Required” Say Congressional Leaders in Letter to Mayorkas
USCIS last week shocked the EB5 market by saying all regional centers will need redesignation. That’s not the case, say congressional leaders.
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USCIS Drops Bombshell EB-5 Q&A Hours Before One-Sided, Overwhelmingly Negative “Listening Session”
All Regional Center designations are now defunct and all entities seeking to recruit RC-based investors must file for designation again.
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70% of US Visa Waiver Countries Have Investment Migration Programs, Library of Congress Report Finds
Congressmen aiming to end visa-waivers for countries with CIPs learn that 70% of visa-waiver countries have investment migration programs.
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US Millionaires’ Citizenship Renunciations Nosedive in 2022, Exactly as Predicted in 2020
Just as Lesperance foresaw 18 months ago, citizenship renunciations among wealthy Americans are cratering. Here’s what he expects next.
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As Filing Date For EB-5 Regional Center Program Fast Approaches, Make Sure Your Regional Center Has Filed an “Exemplar”
While the regional center program has been reauthorized, individual RCs need authorizations of their own through I-924s, Brian Ostar prompts.
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Podcast: Matt Galati, Ishaan Khanna, and Suzanne Lazicki on the EB-5 Reform and Integrity Act
“It’ll take a long time for this new program to be stable,” says Matt Galati. “I don’t know if that gets done before 2027, frankly.”
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