House to Vote This Week on Bill That Would Remove Per-Country Visa Caps on EB-5 Program
Stakeholders warn that removing per-country caps without also increasing the number of available visas will not solve the program’s capacity problem.
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retrogression
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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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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Two Separate EB-5 Class Action Suits Under Preparation, Says Ron Klasko
Speaking on the issues of retrogression (the technical term for 12-year waiting lists for Chinese nationals) and the redeployment of capital invested in EB-5 projects, Ronald Klasko, head of Klasko Immigration Law, spoke to Investment Migration Insider about how many immigration law firms’ interpretations of the “sustained at risk” clause, as well as the 10,000
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EB-5 Quota Likely to Expand to 24,000 Applicants, Say Industry Leaders
Robert Kraft of IIUSA and Scott Barnhart speak to Investment Migration Insider about why they believe the new law on EB-5 will not be ready by December 8th this year, but that when it is ready it will allow for as many as 24,000 applicants to participate in the program. Our readers are the best-informed
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