LexisNexis® Legal Newsroom
Hong Kong Terminates Its Immigrant Investor Program

After Canada terminated its federal immigrant investor program in early 2014, US eliminated another fierce competitor. Yesterday in an unexpected turn of event, Hong Kong indefinitely suspended its Immigrant Investor Program, or the Capital Investment Entrant Scheme (CIES). This is good news for the...

Is an Increase of the EB-5 Program's $500,000 Minimum Investment Inevitable?

The burning question on the table when the EB-5 regional center program comes up before Congress for renewal this fall, concerns the likelihood of an increase in the qualifying investment that may be made to the program. Renewal itself is not in doubt, as Congress has extended the regional center program...

Letter to Congress Regarding the EB-5 Program: Is DHS Improperly Overreaching?

by Mona Shah and Lory Rosenberg The upcoming EB-5 Regional Center reauthorization process affords an opportunity to examine and adjust many facets of the EB-5 program, from its structure to aspects of the adjudication process. On April 27, 2015, Mr. Jeh Charles Johnson, the current Secretary of Homeland...

Outline of the June 4, 2015 USCIS EB-5 Conference Call on Job Creation

On June 4, 2015 USCIS held a conference call on expenses that are includable (or excludable) for job creation. Senior economists from the Immigrant Investor Program discussed the expenses that were includable (or excludable) for purposes of estimating job creation, and answered non-case specific stakeholder...

Bill S.1501 Introduced Today for Reauthorization of the EB-5 Regional Center Program

Senate Judiciary Committee Chairman Charles Grassley (R-Iowa) and Ranking Member Patrick Leahy (D-Vt.) have introduced S. 1501 (the “American Job Creation and Investment Promotion Reform Act of 2015”) , which if passed, will reauthorize the EB-5 Regional Center (RC) program for another five...

SEC Brings First Unregistered Broker Charges Based on EB-5 Program

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 following an investment of $1 million, or $500...

An Insider’s View of the EB-5 Program Extension to September 30, 2016

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, decided to bow into pressure from many within...

EB-5 Program Becomes Examination Priority For Both the SEC and FINRA

Private Placements: Focusing Closely on EB-5 Program It is well-known in the EB-5 community that the Securities Exchange Commission (the “SEC”) is scrutinizing the EB-5 program closer than ever. The SEC and the Financial Industry Regulation Authority (“FINRA”) each formalized...