LexisNexis® Legal Newsroom
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...

Bernard P. Wolfsdorf on EB-5 Program Updates

" On May 6, 2013 U.S. Citizenship and Immigration Services (USCIS) opened its new Washington, D.C. EB-5 Program Office, staffed by new GS-14 high-level economists. These economists will adjudicate all EB-5 filings, starting with new I-924 applications to register Regional Centers. The current Director...

EB-5 Policy Memo Deserves an “A” – The Dawn of a New Era in EB-5 Adjudications

"After lengthy review, USCIS issued its long-awaited new EB-5 Policy Memorandum on May 30, 2013. In our December 2012 blog we: 1) Pointed out the need for predictability, including providing opportunity for comment before adopting new positions. USCIS gets an “A” here. 2) Asked...

SEC Clears Way (with Strict Rules) to Attract EB-5 Immigrant Investors

On July 12, 2013 Bernard P. Wolfsdorf and Adam Francoeur wrote : " Following the April passage of the Jumpstart Our Business Startups Act (“JOBS Act”), the Securities and Exchange Commission (SEC) announced the elimination of the ban against general solicitation for Regulation D offerings...

5 Reasons Why the EB-5 Program Will Flourish in 2014: Bernard P. Wolfsdorf

"This year, the EB-5 Immigrant Visa Category will be 24 years old. 2014 is also the Year of the Horse on the Chinese Zodiac, and the spirit of the horse embodies unremitting efforts to improve. Over the past two years, the EB-5 Program has undergone tremendous change, culminating in the issuance...

Latest Chinese EB-5 Visa Availability Projection: Bernard P. Wolfsdorf

"Bernard Wolfsdorf has engaged in a discussion with the State Department clarifying the State Department’s recent visa availability projections in Item E of the March 2014 Visa Bulletin . The State Department has indicated that the EB-5 category will be “Current” for the foreseeable...

EB-5 Predictions for 2015, the Year of the Goat - Bernard Wolfsdorf

"February 19, 2015 marks the beginning of the Chinese New Year. This will be the Year of the Goat, an animal known for its determination, elegance and good nature. The goat is also known to worry too much and while others impose on it, it is stronger than it seems and prevails in harsh conditions...

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...

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 .

Wolfsdorf on Minors as Primary EB-5 Applicants

Bernard P. Wolfsdorf , Esq. and Joseph M. Barnett, Esq., June 27, 2016 - "This article should be read together with the blog co-authored with Catherine DeBono Holmes , Esquire, a top securities Lawyer, “ Suggested Procedures and Possible Options for Accepting Minors as Investors in EB-5 Investment...