There has been an avalanche of data released by the USCIS & IIUSA in the past two months, particularly at the 2018 AILA & IIUSA EB5 Industry Forum held in Chicago on Oct 29 & 30 2018. Continue reading “EB5 Info & Updates for Nov 2018”
The first question on any EB-5 Investors mind is how to safeguard their Investment from fraud and bad projects. In this post, we will focus on fraud in EB-5. As many of you must have read or heard about fraud cases in EB-5 projects, it is very much a big challenge to ensure that an Investor is not taken for a ride. So what are the warning signs of fraud, some of them are quite obvious, some of them not so much, so here we go.
Verify EB-5 Advisor credentials
If you are using an advisor for your EB-5 project, check to make sure that the advisor is a FINRA registered representative. This can easily be done through Brokercheck. If you are in the US, it is imperative that you only use a Registered rep. as it is unlawful for non-registered reps. to solicit EB-5 investments. If you are outside the US, you might use agents/middlemen in your own country for finding an EB-5 project, but remember that your Investment should always be made directly from your bank account to the escrow bank account of the EB-5 Project’s Regional Center. If anyone is asking you to route the funds through them for currency exchange purposes or country restrictions, that is a red flag for EB-5 fraud. USCIS does check to make sure that your funds were transferred to the escrow account in compliance with all the rules and regulations of your country of residence.
Guarantee of a EB-5 Visa or Permanent residency
Investing through the EB-5 program makes you eligible for an EB-5 visa and the permanent residency after going through the steps of the EB-5 process. But any Regional Center/Project or Agent that guarantees it is obviously unaware of the USCIS EB5 rules which explicitly mention that EB5 investments should be “at risk investments”, which basically means that Projects cannot guarantee the return of Investment. Any agreement signed by the Investor and the Project guaranteeing the return of investment or green card will be disqualified by USCIS and the USCIS will reject the investors EB-5 petition. If a side letter is signed between the parties, those documents need to be filed with the EB-5 petition. So in effect there is no way any EB-5 project can guarantee it. This might seem like a small point, but this has happened in EB-5 investments and investors have been rejected.Continue reading “Warning Signs of fraud in EB-5 Investments”
The EB-5 Visa investment program has been around since 1990. For the first 24 years, it wasn’t widely popular. For the first time, in 2014, the full quota of 10,000 EB-5 visas per year were fully utilized. Continue reading “222% increase in Indian EB-5 Petitions received by NVC at the end of Mar 2018”
If you are interested in the EB-5 Visa for you and your family. Send us an email, we will send you a Free Checklist document explaining the EB-5 process and what to look out for. Let’s get started.
There are many things, a prospective investor needs to do before selecting a good project for investment, the Top 5 things to look out for are: Continue reading “Top 5 things to look for in an EB-5 Project”
Vietnam eb-5 Final action date
The May 2018 US Dept. of State Travel Bulletin has published that Vietnam now has a Final Action Date of July 22 2014, same as China. Continue reading “EB-5 Updates for April 30th 2018”
The March 2018 USCIS Visa bulletin, published on Feb 13 2018, states that there is a high EB-5 visa demand from Vietnam. This will result in Vietnam reaching the per country quota available for FY-2018 by March itself. Continue reading “Vietnam EB-5 Petitions cut-off date in March 2018”
The EB-5 Regional Center program reauthorization has been extended till March 23 2018 as part of the Continuing Resolution signed by President Trump yesterday. Continue reading “EB-5 Updates for Feb 11 2018”
This post has been updated to reflect the new EB-5 Regional Porgram sunset date. The new sunset date is: September 30 2018.
Congress scrambled early friday morning (feb 10) to end one of the shortest shutdowns in modern US government history. Continue reading “EB-5 program extended as Congress votes to end shutdown”