Serving EB-5 investors in USA and Asia, with empathy and specialized skills gained through years of experience, our office focuses on quality rather than quantity.


[HOT] The most urgent goal of USCIS for the EB-5 Program should be . . .

One single goal of USCIS for the EB-5 Program should be issuing clear guidances on many outstanding EB-5 issues and enforcing them consistently. There are still too many outstanding EB-5 issues, even though the EB-5 Program has been "revived" around 2003. EB-5 practitioners will tell you there are too many inconsistent decisions for the EB-5 Program to be relied upon by business persons.

Few examples of inconsistent decisions:

1. Even though the EB-5 project has been pre-approved by CSC via an amendment procedure by paying a hefty fee, CSC often will issue RFEs asking project-related questions even though there has been no material changes from the time of the pre-approval and/or fraud or misrepresentation.

National Visa Center Processing Info

After I-526 has been approved, if consular processing procedure is chosen, I-526 case file is sent by USCIS to the National Visa Center (NVC) which acts as a processing house to receive necessary documents and information and set up an IV interview date.

2012/01/12 -- Redlined Overarching Draft Memo by Mayorkas with further changes

This version contains redlined changes to the November 9, 2011 draft overarching memo. If USCIS could arrive at a definitive and clear guidance for a SINGLE EB-5 issue which all CSC examiners will follow for every time USCIS holds a meeting, then there would be no more EB-5 issues misleading or confusing EB-5 regional centers, practitioners and investors. Discuss one single issue and then settle it and then move onto another issue -- that's the way it should work. USCIS has to issue clear guidance and then enforce the guidances through internal training and supervision -- that's the only way the EB-5 Program will progress.

[HOT] Office Inspector General Report in Jan 2012

Go to below link. This report reveals the inner-working and/or attitudes prevalent within the agency that controls the EB-5 adjudication. Very interesting stuff.

http://eb-5center.com/files/OIG_12-24_Jan11.pdf

Read the below link for AILA's point of view:

http://ailaleadershipblog.org/2012/01/09/senator-grassley-the-puppetmaster/

Things do not look good regarding EB-5 cases and other cases.

I-551 temporary stamps evidencing CPR status

For Internal Research Purpose. Until I-829 has been approved or there has been a final order of removal after I-829 denial, EB-5 investor and family members can obtain I-551 temporary stamps evidencing CPR status.

[Q] Can a LP be formed to purchase bonds issued by a city for its infrastructure project?

One difference I see is that where a LP is formed to make a commercial loan to a city agency for its infrastructure project, there is a precedent (Izumii case), but for purchasing bonds, there is no precedent case. We would not be surprised if this issue is revisited by USCIS in future.

[HOT] What is a "pre-approval" for an EB-5 project?

It is a procedure allowed by USCIS whereby a regional center submits, in a form of an amendment to the regional center designation -- I have no idea why USCIS should consider a new project as an amendment of the designated RC when all one is asking is to confirm that the proposed EB-5 project falls within the parameters of the approved RC designation and complies with the EB-5 law -- for a pre-approval of a particular EB-5 project the regional center will embark on in a very near future. This procedure was set up by USCIS to give some consistency and shorten adjudication time frames for I-526 petitions filed in connection with a particular EB-5 project.

[HOT] Another article on Katigbak and Izummi

Written by Joseph P. Whalen, a former government employee who is familiar with the INA.

http://www.ilw.com/articles/2011,1228-whalen.shtm

[HOT] A good opinion article on the state of EB-5 project pre-approval procedure

The below is an honest opinion article written by another EB-5 practitioner.

http://www.nationofimmigrators.com/investor-immigration/guest-immigratio...

Most EB-5 practitioners would agree with what the author says. The article points out very troubling concerns, such as:

1. USCIS not working together internally.

2. CSC not consistent in policies.

3. CSC unable to shorten the I-526 processing.

[HOT] Future USCIS EB-5 Teleconference scheduled for 2012

USCIS has released the schedule for 2012 EB-5 Teleconferences as follows:

http://eb-5center.com/files/2012_EB-5_Teleconferences_Scheduled.pdf

According to many EB-5 practitioners, these teleconferences are not that helpful. Also, EB-5 practitioners agree that CSC does not appear to follow what USCIS says in these teleconferences. Lastly, USCIS picks out only those agenda questions they want to answer; in other words, USCIS avoids tough questions, or their answers are too general in nature.

[HOT] NY Times article on EB-5 issue of TEA

http://www.nytimes.com/2011/12/19/nyregion/new-york-developers-take-adva...

One knowledgeable EB-5 practitioner made several good points regarding the above article which we would like to share:

1. What is wrong with "gerrymandering" when the the law permits states to make TEA determinations, and states are certainly free to certify TEA based on a "gerrymandered" map. The article would have been more informative if the article could show why or how the TEA designation was unlawful.

2. The article implies that New Yorkers are fully employed, while people in Vermont are living in the street. That is false. There are plenty of places in NYC, including and especially in central areas, where unemployment figures are high.

[HOT] Judge delays the State Center EB-5 linked development project in Baltimore

See:

http://thedailyrecord.com/2011/12/16/judge-dismisses-state-center-counte...

Whether the judge's ruling delays or causes a problem for the project really depends on the nature of the lawsuit and whether the lawsuit is asking for an order to stop any construction from taking place. What we are saying is that it really depends on whether the lawsuit has any merit.

[Q] Can you get an advance from credit cards and come up with EB-5 funds?

[Q] I have several options for gathering the funds needed to invest for the EB-5. I wanted to know if I can use advances from credit cards to make it happen?

No. Review the definition of "capital" which excludes unsecured (personally-owned properties) loan.

CBP Entry Issues

For internal research purpose. Restricted access.

[HOT] NAICS link

http://www.census.gov/cgi-bin/sssd/naics/naicsrch?chart=2007

North American Industry Classification System (NAICS) is becoming more relevant in EB-5 RC designations and job-calculation methodologies. Incorrect or inappropriate NAICS will lead to denials. Of course, USCIS will decide what is incorrect or inappropriate NAICS.