EB-5

Lawsuit Filed to Stop Wastage of EB-5 Investor Visas

Retrieved on: 
Saturday, August 6, 2022 - 4:02am

This lawsuit seeks to compel the State Department to follow the plain language of its own regulations...

Key Points: 
  • This lawsuit seeks to compel the State Department to follow the plain language of its own regulations...
  • Approximately 18,000 EB-5 visas were wasted last fiscal year and cannot be used anymore without Congressional action.
  • In fiscal year 2022, ending September 30, 2022, over 11,000 immigrant visas should be available to China-mainland EB5 investors, and it is almost certain most of these will be wasted.
  • Without judicial intervention, they will be waiting many more years for a green card while the government wastes thousands of visas.

EB5 BRICS Comments on New EB-5 Visa Form I-526E for Regional Center Investors

Retrieved on: 
Tuesday, July 19, 2022 - 1:44pm

The EB-5 Reform and Integrity Act of 2022 introduced major changes to both the filing and qualifying requirements for investors under the EB-5 program, thus requiring changes to the form.

Key Points: 
  • The EB-5 Reform and Integrity Act of 2022 introduced major changes to both the filing and qualifying requirements for investors under the EB-5 program, thus requiring changes to the form.
  • The form is divided into two versions: Form I-526, Immigrant Petition by Standalone Investor, and Form I-526E, Immigrant Petition by Regional Center Investor.
  • The New Form I-526E will be utilized by immigrant investors who want to combine their investment with one or more other investors seeking EB-5 classification under the new regional center program.
  • If you'd like to meet and discuss EB-5 immigration and EB-5 investments including Current Direct EB-5 opportunities and Regional Center EB-5 Projects (subject to program reauthorization), fill out the form.

Regional Center Lawsuits Receive Favorable Preliminary Injunction Ordering the Immediate Start of the EB-5 Regional Center Program

Retrieved on: 
Wednesday, June 29, 2022 - 12:11am

Soon after the recent Congressional reauthorization of the EB-5 Regional Center Program, USCIS introduced a requirement for existing regional centers to go through a re-application process in order to continue to operate as a functioning regional center.

Key Points: 
  • Soon after the recent Congressional reauthorization of the EB-5 Regional Center Program, USCIS introduced a requirement for existing regional centers to go through a re-application process in order to continue to operate as a functioning regional center.
  • This resulted in two lawsuits that challenged the revised EB-5 reform that specifically counter the new regional center requirements and associated fees.
  • The first lawsuit, filed by Behring Regional Center challenged the requirements by USCIS to redesignate regional centers and as of June 23rd, 2022, this lawsuit received the favorable preliminary injunction ordering the immediate start of the EB-5 Regional Center Program.
  • USIF became "the first" regional center to be recognized by 18 major financial institutions including J.P. Morgan, Wells Fargo & BlackRock.

Regional Center Lawsuits Receive Favorable Preliminary Injunction Ordering the Immediate Start of the EB-5 Regional Center Program

Retrieved on: 
Tuesday, June 28, 2022 - 11:46pm

Soon after the recent Congressional reauthorization of the EB-5 Regional Center Program, USCIS introduced a requirement for existing regional centers to go through a re-application process in order to continue to operate as a functioning regional center.

Key Points: 
  • Soon after the recent Congressional reauthorization of the EB-5 Regional Center Program, USCIS introduced a requirement for existing regional centers to go through a re-application process in order to continue to operate as a functioning regional center.
  • This resulted in two lawsuits that challenged the revised EB-5 reform that specifically counter the new regional center requirements and associated fees.
  • The first lawsuit, filed by Behring Regional Center challenged the requirements by USCIS to redesignate regional centers and as of June 23rd, 2022, this lawsuit received the favorable preliminary injunction ordering the immediate start of the EB-5 Regional Center Program.
  • USIF became "the first" regional center to be recognized by 18 major financial institutions including J.P. Morgan, Wells Fargo & BlackRock.

Civitas Welcomes Federal Court Ruling Enjoining Unlawful USCIS Action

Retrieved on: 
Tuesday, June 28, 2022 - 9:06pm

DALLAS, June 28, 2022 /PRNewswire/ -- The District Court for the Northern District of California, on Friday, June 24, issued a preliminary injunction in Behring Regional Center vs. Mayorkas et.al. The Court ordered in part that previously designated EB-5 regional centers "must presently be permitted to operate;" this order enjoins the government from implementing its action deauthorizing EB-5 regional centers. This decision clears the way for investors to file new immigration petitions (I-526) under the EB-5 Reform and  Integrity Act of 2022.

Key Points: 
  • The Court ordered in part that previously designated EB-5 regional centers "must presently be permitted to operate;" this order enjoins the government from implementing its action deauthorizing EB-5 regional centers.
  • Five leading EB-5 regional center operators Civitas Capital Group , CanAm Enterprises , EB5 Capital , Golden Gate Global , and Pine State Regional Center are gratified that the Court recognized the agency's unlawful action and the significant harms resulting to all preexisting regional centers operating in good faith.
  • Civitas Capital Group is a nimble alternative investment manager, founded in 2009, offering compelling, niche opportunities in U.S. real estate.
  • Civitas exists to create opportunities that enrich our communities, investors, and employees alike.Driven by relentless creativity, Civitas digs deeper to uncover opportunities that others miss.

EB5 Capital Welcomes Federal Court Ruling Enjoining Unlawful USCIS Action

Retrieved on: 
Tuesday, June 28, 2022 - 7:42pm

The Court ordered in part that previously designated EB-5 regional centers must presently be permitted to operate; this order enjoins the government from implementing its action deauthorizing EB-5 regional centers.

Key Points: 
  • The Court ordered in part that previously designated EB-5 regional centers must presently be permitted to operate; this order enjoins the government from implementing its action deauthorizing EB-5 regional centers.
  • This decision clears the way for investors to file new immigration petitions (I-526) under theEB-5 Reform and Integrity Act of 2022.
  • Five leading EB-5 regional center operators EB5 Capital, CanAm Enterprises , Civitas Capital Group , Golden Gate Global , and Pine State Regional Center are gratified that the Court recognized the agencys unlawful action and the significant harms resulting to all preexisting regional centers operating in good faith.
  • For more information, follow EB5 Capital on LinkedIn and visit www.eb5capital.com.

Respected and Enduring Immigration and Real Estate Legal Firm, Liu & Bitterman PLLC, Celebrates 21st Anniversary by Announcing Reorganization - Samokhleb & Bitterman Law Group P.C.

Retrieved on: 
Tuesday, June 28, 2022 - 1:58pm

NEW YORK, June 28, 2022 /PRNewswire/ -- ZL Capital's affiliated law firm, Liu & Bitterman PLLC announced its reorganization as Samokhleb & Bitterman Law Group P.C. in an ongoing celebration of 21 years as an immigration and real estate firm in the New York area. Founded by Chinese immigrant and legal expert, Yu Liu, featuring partners Yevgeny Samokhleb and Greg Bitterman, the expansion and reorganization of the firm is a continued renewal of the team's commitment to helping clients successfully immigrate to the United States, while also helping other clients secure their financial and real estate legacies.

Key Points: 
  • in an ongoing celebration of 21 years as an immigration and real estate firm in the New York area.
  • Samokhleb & Bitterman Law Group: The Evolution of a Law Firm
    2001: Firm founded by Yu Liu as Liu & Associates PLLC; office located in Flushing, New York.
  • 2014: Greg Bitterman joins firm as partner, bringing criminal and real estate expertise; firm renamed Liu and Bitterman PLLC; Yevgeny Samokhleb joins as a partner, overseeing EB-5 department.
  • Samokhleb & Bitterman Law Group: Professional Legal Representation
    "As an immigrant from China, I am able to put my feet in the clients' shoes," said founder Yu Liu.

EB-5 Investments Restart after Behring's Major Legal Victory

Retrieved on: 
Saturday, June 25, 2022 - 10:01pm

BLACKHAWK, Calif., June 25, 2022 /PRNewswire/ -- Behring Co., a vertically integrated real estate developer and the operator of Behring Regional Center ("BRC"), praised the U.S. District Court of the Northern District of California's decision to issue a preliminary injunction, setting aside the deauthorization of EB-5 regional centers by U.S. Citizenship and Immigration Services ("USCIS"). Today's decision by U.S. District Judge Vince Chhabria held that USCIS almost certainly committed legal error when it unilaterally deauthorized designated EB-5 regional centers existing at the time that the EB-5 Reform and Integrity Act of 2022 ("RIA") was enacted into law and required regional centers to apply and receive approval for new designation before allowing them to operate and accept new EB-5 investors. Read the decision here.

Key Points: 
  • The court's order enables Behring Regional Center, and all pre-authorized Regional Centers, to sponsor EB-5 projects.
  • USCIS is required to accept I-526 petitions filed by new EB-5 investors that make qualified EB-5 investments through BRC.
  • Behring's EB-5 investment options include lower risk debt-style investments and higher earning preferred equity and common equity, all of which are open to investors immediately.
  • Behring owns and operates the Behring Regional Center, a USCIS accredited EB-5 regional center with 100-percent investor approval history serving hundreds of investors since 2013.

Innovation Leader John Shen Joins President Biden at White House Bill Signing

Retrieved on: 
Tuesday, June 14, 2022 - 10:55pm

National business leader John Shen attended the official signing of the Commission to Study the Potential Creation of a National Museum of Asian Pacific American History and Culture Act into law at the White House on Monday, June 13th.

Key Points: 
  • National business leader John Shen attended the official signing of the Commission to Study the Potential Creation of a National Museum of Asian Pacific American History and Culture Act into law at the White House on Monday, June 13th.
  • I am thrilled to have been able to share this important moment with industry leaders like John Shen.
  • Commented Shen: I am honored to be at the White House at the invitation of President Biden to celebrate our culture at a time when many in our community face challenges.
  • American Lending Center (ALC) is a private non-bank lending institution and nationally recognized leader in small business lending.

Greenberg Traurig and Visa Franchise to Present 'Choosing the Optimal Path for Permanent Residency in the US: Understanding the Direct EB-5'

Retrieved on: 
Tuesday, June 7, 2022 - 6:35pm

FLORHAM, N.J., June 7, 2022 /PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP Immigration & Compliance Practice Shareholder Kate Kalmykov and Visa Franchise Managing Director Patrick Findaro will present a webinar on understanding direct EB-5 investment and the path to permanent residency in the United States June 8 at 1 p.m. Click here to RSVP.

Key Points: 
  • Webinar attendees will learn about requirements, legal adjudication trends, and structuring opportunities in these immigrant visa categories.
  • Attendees will also learn how franchise businesses can qualify for investment under the direct EB-5.
  • About Greenberg Traurig: Greenberg Traurig, LLP has more than 2400 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East.
  • Greenberg Traurig is Mansfield Rule 4.0 Certified Plus by The Diversity Lab and net carbon neutral with respect to its office energy usage.