Website Securities Compliance On May 7th, Catherine DeBono Holmes, Esq. and Victor T. Shum, Esq. released an interesting article titled The Basic Rules of Website Advertising for EB-5 Securities Offerings. This article is an important read for all Regional Center managers to help ensure continued website compliance with U.S. securities laws. A Roadmap to the Use of EB-5 Capital (NYU) …
New U.S. China Visa Term Agreement
We received a couple of emails yesterday questioning the impact of the new visa agreement between the U.S. and China on the EB-5 industry. For those that have not yet heard, starting today (November 12th), China and the U.S. have agreed to begin granting each other’s citizens longer business, tourism and education visa terms. The White House has said that …
South Dakota Regional Center Fiasco
This past Tuesday, Republican Mike Rounds defeated Democrat Rick Weiland in the South Dakota Senate race. Rounds, the former governor of South Dakota, has remained in the spotlight throughout the entire election process for his involvement in mismanagement of the EB-5 program in South Dakota. During Rounds’ administration, the state of South Dakota offered green cards to foreign investors in …
The Great Chinese Exodus Benefits EB-5
This past weekend, the Wall Street Journal published a Saturday Essay titled The Great Chinese Exodus. “A survey by the Shanghai research firm Hurun Report shows that 64% of China’s rich – defined as those with assets of more than $1.6 million – are either emigrating or planning to.” Many in China are discovering that they can now buy a …
NY Times Immigration Reform Op-Ed
The New York Times ran an Op-Ed written by Sheldon Anderson, Warren Buffet and Bill Gates on the topic of immigration reform. The Op-Ed, titled Break the Immigration Impasse, strongly advocates for the EB-5 Program as well as for its continued reform efforts. [T]he EB-5 “immigrant investor program,” created by Congress in 1990, was intended to allow a limited number of …
Real Estate Corners the EB-5 Market
It is no secret that the vast majority of EB-5 Regional Centers pursue projects involving real estate development. Some of the most popular projects to date include office buildings, retail developments, and hotels. These type of real estate projects are suitable to the EB-5 Program because they are often able to show the required number of jobs for each EB-5 …