Kate Kalmykov, Co-Chair of Greenberg Traurig’s Immigration and Compliance Practice, is quoted in a Dec. 14, 2022 EB-5 Investors Magazine article titled “Why EB-5 regional centers need toContinue Reading Kate Kalmykov Quoted in EB-5 Investors Magazine, ‘Why EB-5 regional centers need to act by Dec. 29’
EB-5 Regional Center Compliance
Nov. 15 WEBINAR | I-956K Requirements
Please join Greenberg Traurig EB-5 securities, corporate, and immigration attorneys Jennifer Hermansky, Kate Kalmykov, Richard Cutshall, and William Mack to discuss agent registration under the EB-5 Reform…Continue Reading Nov. 15 WEBINAR | I-956K Requirements
EB-5 Update – New Regulations to Take Effect and Regional Center Program to be Extended Through Dec. 20, 2019
The EB-5 Regional Center Program was set to expire on Nov. 21, 2019. On Nov. 18, Congress introduced a Continuing Resolution (CR) to fund the government and extend vital programs…
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Washington EB-5 Update
As a reminder to our readers, the Obama-era EB-5 Regional Center regulations – see July post for details – go into effect Nov. 21, 2019. USCIS has published a webpage…
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Myth vs. Fact: Responses to Arguments Against the EB-5 Pilot Program
Myth 1: Buy a Green Card – The EB-5 program was established to help high-net-worth individuals buy a green card.
Fact: The EB-5 program is a highly regulated employment-based permanent residence application that takes years to complete. The initial application requires detailed proof of investment in a qualified project. It also requires evidence of an investment of either 1 million USD or 500,000 USD and the creation of 10 jobs for U.S. workers. The investor’s application is screened and, if approved, only a “conditional green card” is granted. The same in-depth review of the project and the investor’s background are conducted two years after conditional status is granted to ensure the individual’s continued eligibility for the EB-5 immigrant investor category.
Myth 2: Loophole for Criminals/Terrorists – The EB-5 program provides an easier way for potential immigrants to go through background clearances, providing a loophole for potential criminals and terrorists.
Fact: As described above, the EB-5 program requires an investor’s record to be reviewed two times – once for a conditional green card and then again when obtaining a permanent green card. In addition to the normal screening process for other employment based permanent residence applicants, which is conducted twice for EB-5 applicants, the EB-5 applicant must have the project reviewed for compliance with regulatory requirements, including proving the requisite amount of investment and the requisite number of jobs to be created. Moreover, EB-5 applicants go through a rigorous vetting process to demonstrate that their source(s) of funds is(are) lawful and that those funds can legally be invested into qualified projects.
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Nataliya Binshteyn Authors Article on New Rule to Implement JOBS Act
Yesterday, the U.S. Securities and Exchange Commission (SEC) adopted a new rule to implement a Jumpstart Our Business Startups (JOBS) Act requirement that would eliminate the ban on general solicitation…
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SEC Liberalizes Restrictions on Advertisements of Most EB-5 Projects
This morning the Securities and Exchange Commission (“SEC”) voted 4 to 1 to lift an 80-year-old ban on advertisements of private offerings. The Jumpstart Our Business Startups Act of 2012…
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Anatomy of a Successful EB-5 Expedite Request
We are often asked by regional center clients if there is any way to speed up the EB-5 application process, either at the I-526 stage or the I-924 stage. USCIS…
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Key EB-5 Issues Contained in the Senate Comprehensive Immigration Bill Introduced on April 17, 2013
with Kate Kalmykov
April 17th marked the release of the 844 page Border Security, Economic Opportunity, and Immigration Modernization Act of 2013. The comprehensive immigration reform bill was spearheaded by…
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