China EB-5 Visas “Unavailable” for Remainder of FY2014 – What Does This Mean?

By Bernard Wolfsdorf (in cooperation with AILA’s EB-5 Committee) On Saturday, August 23, 2014, Charles Oppenheim, Chief of the Department of State Immigrant Visa Control and Reporting Division, announced that, effective immediately, the EB-5 preference category had become “unavailable” for Chinese applicants.  This announcement was made at the sold-out AILA EB-5 Conference in Chicago during … Read moreChina EB-5 Visas “Unavailable” for Remainder of FY2014 – What Does This Mean?

China Youhuitong EB-5 Immigrant Visa Investors Impact

Recently, China Central Television (CCTV), China’s state-run broadcaster, accused Bank of China (BOC) of money laundering by helping wealthy Chinese send their money offshore (the service is named “Youhuitong”). The following day, China CITIC Bank emerged as the second national bank implicated in offering to illegally transfer money  overseas. Both banks decried the money laundering accusation, … Read moreChina Youhuitong EB-5 Immigrant Visa Investors Impact

How EB-5 Regional Centers and Sponsors can Evaluate Broker-Dealer, Investment Company and Investment Adviser Registration Requirements Under U.S. Securities Laws

Part I:  EB-5 Offerings Do Not Fit Standard SEC Registration Requirements  by Victor Shum & Catherine D. Holmes  The SEC has not provided clear guidance on how to comply with U.S. securities laws requiring registration as a securities broker-dealer, investment company or investment adviser when conducting EB-5 offerings The U.S. Securities and Exchange Commission (SEC) has … Read moreHow EB-5 Regional Centers and Sponsors can Evaluate Broker-Dealer, Investment Company and Investment Adviser Registration Requirements Under U.S. Securities Laws

Updates: Computer Crash Hobbles U.S. Visa, Passport Operations in China

Due to technical problems, the U.S. State Department is experiencing delays worldwide in visa and passport issuance. Visa applicants should be prepared for delays between their interviews and visa issuance. The glitch is with the Consular Consolidated Database (CCD), which is used by the Department to ensure security checks are conducted prior to approving, recording, and … Read moreUpdates: Computer Crash Hobbles U.S. Visa, Passport Operations in China