Despite the many uncertainties in the Covid-19 world, one thing is certain: Hong Kongers have emigration options. Countries including the U.K., Japan, and Australia have all expressed a desire to welcome Hong Kong residents into their countries. Most notably, the U.K. has offered Hong Kong BN(O)s a path to residency and [...]
The annual I-924A filing season is upon us. Why is this of critical importance to all EB-5 stakeholders? Because failure to file a timely Form I-924A is cause for USCIS to issue a notice of intent to terminate (NOIT) against the regional center. Under the current USCIS policy, if a regional center is [...]
IMPORTANT EB-5 POLICY UPDATE July 24, 2020 USCIS released today a policy update regarding redeployment of repaid EB-5 proceeds. You can access the Policy Alert here. Here are some initial important observations: Further deployment “must be within the geographic area of the same regional center” “[P]urchase of financial instruments on the [...]
AILA Webinar on EB-5 Regulations - Must Attend Event for Immigration Lawyers TODAY August 9, 2019, 2:00-3:30 pm Eastern Time Hear from those who have been close to the ground on both the Notice of Proposed Rulemaking (NPRM) and the final EB-5 Modernization Regulations. The panelists will cover the key changes with a "boots-on-the-ground" [...]
July 24, 2019 The EB-5 Modernization Regulations were published today with an effective date of November 21, 2019. The 120-day runway to implementation extends beyond the next regional center program sunset date on September 30, 2019. This means there's opportunity for legislative reauthorization to pass, mooting these rules. American Immigration Lawyers Association summarizes the final [...]
EB-5 Alert July 10, 2019 The House Passes H.R. 1044 to Remove the Per Country Caps Today, the U.S. House of Representatives passed the Fairness for High-Skilled Immigrants Act of 2019 (H.R. 1044). The vote was 365 in favor and 65 against. The bill, if enacted, would remove the 7% per country cap on employment-based visas, including [...]
OMB Completes Review of EB-5 Modernization Regulations June 28, 2019 American Immigration Lawyers Association Reports: On June 27, 2019, the Office of Management and Budget (OMB) completed review of the EB-5 Immigrant Investor Program Modernization final regulation. In order for this final regulation to become effective, it must be published in the Federal Register. The [...]
EB-5 Notes June 10, 2019 Good News About EB-5 and Carolyn Lee PLLC Clients We are pleased and proud to share some significant EB-5 news to kick off your week. Successful Navigation of Material Change CanAm recently repaid its investors on its 38th EB-5 project, a $12 million loan used to fund redevelopment of the [...]
Carolyn Lee PLLC Commemorates D-Day – 75th Anniversary June 6, 2019 It’s a solemn day as well as one of pride and gratitude. We remember the heroes of June 6, 1944 – D-Day. See the photo gallery on Politico. See the Time Magazine video for the story behind Robert Capa’s photos of Normandy on [...]
May 20, 2019 This Monday morning, Carolyn Lee PLLC is pleased to share an important legislative update. This past Friday, May 17, 2019, the EB-5 industry stakeholders sent a joint letter to Congress requesting a 6-year reauthorization of the EB-5 regional center program with shared legislative reform principles. The full text of the letter is [...]
