Banking and Finance

Recent Posts

What is an EB-5 Investment “At Risk” – A Discussion of the Degree of Risk Required
Posted on 9 Jul 2014 by Mona Shah & Yi Song

Proof of an investment being “at risk” is an important element of the EB-5 Immigrant Investor Program. A certain element of risk is what demonstrates the immigrant’s commitment to the investment and job creation that are central to the... Read More

EB-5 Job Creation Issues: Regional Center Project vs. Direct Pooled Project in Face of Chinese EB-5 Visa Retrogression
Posted on 8 Jan 2015 by Mona Shah

The news of visa retrogression for Mainland China EB-5 investors initially resulted in a flurry of information. The inevitable uncertainties arising from visa retrogression, however, have sparked much speculation and conjecture. Both agents and prospective... Read More

Crowdfunding and EB-5: What Insights do the New SEC Rules Offer for EB-5 Practice?
Posted on 8 Nov 2013 by Yi Song

On October 24, 2013 the Securities and Exchange Commission (SEC) released the proposed rules governing crowdfunding, which is an evolving method of raising capital through Internet and social media websites. Title III of the “Jumpstart Our Business... Read More

Can I Purchase a Regional Center or a Regional Center License? Does the Final Policy Memorandum Shed Any Light?
Posted on 2 Dec 2013 by Mona Shah & Yi Song

At this time there are 439 USCIS approved regional centers, however not all regional centers are active. Buying and selling USCIS approved RC’s some with exorbitant price tags has become a hot topic in the EB-5 arena. While such a contract for... Read More

Bank of China Money Laundering Accusation Crisis–Is This the Start of Cooling Off For EB-5 Investment From China?
Posted on 14 Jul 2014 by Yi Song

China’s state television accused Bank of China, one of the biggest state-owned commercial banks in China violates the currency exchange rules and involves in shadow banking and money laundering on a large scale. This news is rather alarming to the... Read More

The September Foreign Exchange Notice Increases Difficulties for Chinese EB-5 Investors
Posted on 10 Sep 2015 by Mona Shah

by Mona Shah and Hui Zeng China employs firm currency regulations that are designed to prevent large amounts of currency moving out of the country. Each Chinese citizen can only exchange an equivalent amount of USD 50,000 within one calendar year,... Read More

An Insider’s View of the EB-5 Program Extension to September 30, 2016
Posted on 5 Jan 2016 by Mona Shah

by Mona Shah & Omar Hakim The Battle to Reform EB-5: After months of vigorous debates, endless negotiations, constant redrafting, and a frenzy of last minute investor filings, it was much ado about nothing! Congress, never known for efficiency... Read More

Should Chinese Investors Still Apply for EB-5 with a 10-Year Visitor’s Visa Available?
Posted on 26 Nov 2014 by Mona Shah & Yi Song

President Obama announced that effective from November 12, 2014 Chinese applicants applying for a business, tourist or student visas to the United States, would now be eligible for 10-year business and tourist visas and 5-year student visas. However,... Read More

SEC Brings First Unregistered Broker Charges Based on EB-5 Program
Posted on 25 Jun 2015 by Thomas O. Gorman

The EB-5 program was designed to create a path to becoming a permanent residence in the U.S. for certain immigrants while facilitating job creation in the United States. Initiated in 1990, the program gives a foreign applicant a path to permanent residency... Read More

SEC Security Fraud Charges Against Assisted Living Facilities —Should EB-5 Practitioners Be Concerned?
Posted on 18 Dec 2014 by Mona Shah & Yi Song

Assisted living facilities (ALFs) have always been a popular choice for EB-5 investors. On December 3, 2013, the Securities and Exchange Commission (SEC) announced securities fraud charges against top executives at an assisted living facility. What is... Read More

USCIS Issues Warning Regarding Regional Center Names
Posted on 17 Aug 2015 by Omar Hakim

Last week, USCIS issued a warning advising that EB-5 regional centers and related commercial enterprises should not contain the words “United States,” “U.S.,” “US” and “Federal” in their names. The concern... Read More

How Will US-China Relations Affect EB-5 Investment? – From APEC to Visa Extension
Posted on 17 Nov 2014 by Mona Shah & Yi Song

Asia-Pacific Economic Cooperation or APEC has been the talk of the town. Established in 1998, APEC is a premier forum to facilitate the economic growth, cooperation, trade and investment in the Asia-Pacific region. The world’s two biggest economies... Read More

What the Troubled Chinese Stock Market Could Mean for EB-5
Posted on 9 Jul 2015 by Mona Shah

As of late, financial headlines have been dominated by economic turmoil and recent default in Greece. Little attention however has been focused on the sudden financial crisis currently gripping China, the world’s most populous country and second... Read More

EB-5 Funding & Transportation Projects – A Perfect Fit for Jobs, Accessibility and the Environment
Posted on 21 Sep 2015 by MShahMathewDaus

Congress created the EB-5 Program in 1990 to benefit the U.S. economy by attracting investments from qualified foreign investors. Under the Program, each investor must prove that at least ten new jobs were created or saved as a result of the EB-5 investment... Read More

EB-5 Visa Numbers Unavailable For Chinese Applicants Until Oct. 1, 2014
Posted on 26 Aug 2014 by Mona Shah & Yi Song

On August 23, 2014, the day we feared finally came. At the American Immigration Lawyers Association (AILA) EB-5 Conference in Chicago, Mr. Charles Oppenheim, the Chief of Immigrant Visa Control and Reporting Division in the US Department of State, announced... Read More