LexisNexis® Legal Newsroom
A Cut-Off Date for Chinese EB-5s?

"Charles Oppenheim, the Chief of Visa Control at the U.S. Department of State, recently announced that if EB-5 visa usage for Chinese nationals continues to grow, the issuance of EB-5 immigrant visas for Chinese investors may slow down sometime in the second half of fiscal year 2013. As demand continues...

Update on Wait Lines for Chinese EB-5 Investors

"The update in the March 2013 Visa Bulletin brings good news. It states: “Currently there is no reason to believe that it will be necessary to establish a China Employment Fifth preference category cut-off date during FY-2013, since demand over first six months of FY-2013 has now averaged...

SEC Says Immigration Program Offering Path to U.S. Citizenship Used to Defraud 250 Investors

A path to U.S. citizenship premised on an immigration program crafted to help create jobs, and surrounded with misrepresentations and false documents was the lure used by Anshoo Seithi and his controlled entities to defraud 250 investors of millions of dollars, according to an SEC complaint. The Commission...

Podcast: Steve Yale-Loehr on EB-5 China Retrogression

Steve Yale-Loehr , co-author of LexisNexis' 21-Volume 'Bible' of immigration law that has been cited in over 450 federal court decisions in cases from across the U.S. circuit courts of appeals, federal district courts, and the U.S. Supreme Court, is a busy man. I caught up with him at the...

DOS Alert: China EB-5 “Unavailable” for Remainder of FY2014

Cite as "AILA InfoNet Doc. No. 14082360 (posted Aug. 23, 2014)" "Effective immediately Saturday, August 23, 2014 the China Employment Fifth (EB-5) preference category has become "Unavailable" for the remainder of the FY-2014. This action is necessary because the maximum level...

Demand from China Soaks Up EB-5 Visa Quota

"Due to a surge in Chinese participation, the U.S. for the first time is on course this fiscal year to run out of immigrant-investor visas that offer a fast track to permanent residency. Started 24 years ago, the EB-5 program allots 10,000 visas annually to foreigners who invest at least $500,000...

EB-5 Investor Visa Program Maxed Out by Chinese Demand

"Steven Yale-Loehr, an immigration professor at Cornell University, said he expects the EB-5 investment boom to now slow down considerably. "It's been like a four-lane expressway and now it's going back down to two," he said. Because the visa program serves as a funding mechanism...

Expert: Despite Backlogs, EB-5 Investor Visa Program a 'Four-Way Win'

"For the first time in its 24-year history, an immigration program that grants visas to foreigners who invest at least half a million dollars in a U.S. business has nearly run out of visas for the fiscal year—largely because of unprecedented demand from Chinese applicants. ... The increased...

Expert: EB-5 Investor Visa Cap Won't Deter Chinese

"This summer, the State Department announced that it was on track to meet its limit of 10,000 EB-5 visas and promptly stopped issuing the visas to Chinese investors until Oct. 1. But the pause is unlikely to dissuade Chinese visa seekers, experts said. “The increased popularity of the EB-5...

EB-5 Hot Topics: China, Retrogression and More - Bernard Wolfsdorf

"Two events have recently impacted the popular EB-5 program and many are anxious to understand their impact. The Chinese economy has slowed from a dizzying double digit annual GDP growth rate, down to about 7.5% and, as a result, real estate prices have slowed. In addition, the anti-corruption campaign...

China EB-5 Cut-off Update: May 2015 or June 2015 - That is the Question?

"The Department of State April Visa Bulletin has now clearly stated that, “The establishment of [the China EB-5 cut-off] date can be expected no later than June [2015]”. Item D of the February 2015 Visa Bulletin advised that the expected increase in demand would require the establishment...

LexisNexis Investor Visa Expert: Real Estate the "Most Common EB-5 Project"

"Experts in the EB-5 program say it’s become common for former politicians, their relatives and other celebrities to trade on their names, because foreign investors — especially those from cultures like China in which business and politics are deeply intertwined — believe that...

Wolfsdorf Practice Advisory on EB-5, China Cutoff, CSPA, Age-Out

"Yesterday, I presented the panel discussion at the IIUSA meeting in Washington, D.C. with Charlie Oppenheim, the Chief of the Visa Control and Reporting Division at the U.S. Department of State. He announced the establishment of China EB-5 Cut-off date of May 1, 2013 . This China cut-off date will...

Wolfsdorf on China EB-5 Cutoff Date Problems; Apr. 22, 2015

On April 22, 2015 Bernard Wolfsdorf posted two pieces on his blog about China EB-5 cutoff date problems, here and here .

Expert: 85% of EB-5 Investors from China

Rosalie Murphy, Desert Sun, Oct. 30, 2015 - " At least 85 percent of EB-5 investors come from China, according to Cornell University immigration law professor Stephen Yale-Loehr . Part of the appeal of immigrant investor programs such as EB-5, he explained, is that investors can secure visas not...

Expert: Almost 90% of EB-5 Investors from China

China Daily, Mar. 9, 2016 - "Investors from China currently account for almost 90 percent of all EB-5 investors," Stephen Yale-Loehr, a law professor at Cornell University , told China Daily. ... Originally, few people immigrated to the U.S. using EB-5. As late as 2008, only 1,000 people a...

Updates on Minors as Primary EB-5 Applicants, Part 2: Practical Steps (Wolfsdorf, Aug. 4, 2016)

Updates on Minors as Primary EB-5 Applicants, Part 2 : Practical Steps; Bernard P. Wolfsdorf, Esq., Joseph M. Barnett, Esq., and Vivian Zhu, Esq., Aug. 4, 2016 - "This is no longer a hypothetical issue. Due to the Chinese EB-5 backlog, some Regional Centers and projects have begun accepting minors...