Latest on the imminent Chinese EB-5 visas numbers for 2013

According to Charles Oppenheim, the Chief of Visa Controls and Reporting Division at the U.S. Department of State spoke at a recent IIUSA conference in Washington D.C., if the current growth trajectory continues for Chinese EB-5 investors investing in the EB-5 regional center programs, he anticipates that the issuance of Green Cards to Chinese investors will be suspended in the second half of 2013.

On a side note, the Chinese are the leading source of overseas students in the United States and only looks to increase. Besides receiving a green card, many EB-5 investors coming from this region are not only looking at colleges for their children, but more and more are looking to leave China to get their children in grammar schools in the United States.
(Great article in USA Today: http://www.usatoday.com/story/news/world/2012/11/14/china-leadership/1704551/)

Here’s how the Visa Bulletin For December 2012 from the Department of State explains it:

The following advisory is based strictly on the current demand situation. Since demand patterns can (and sometimes do) change over time, this should be considered a worst case scenario at this point.

It appears likely that a cut-off date will need to be established for the China Employment Fifth preference category at some point during second half of fiscal year 2013 [i.e., April to September 2013]. Such action would be delayed as long as possible, since while number use may be excessive over a 1 to 5 month period, it could average out to an acceptable level over a longer (e.g., 4 to 9 month) period. This would be the first time a cut-off date has been established in this category, which is why readers are being provided with the maximum amount of advance notice regarding the possibility.

The above projection[ ] [is] for what could happen during … the next few months based on current applicant demand patterns. The determination of the actual monthly cut-off dates is subject to fluctuations in applicant demand and a number of other variables which can change at any time.

Read full article here: Visa Bulletin For December 2012

Webinar from IIUSA regarding Regional Centers 2012 Annual Reporting (Form I-924A)

(Source: IIUSA) Regional Centers don't forget to get your I-924A completed and submitted to USCIS by December 29, 2012. Join IIUSA on 11/9 for a webinar regarding Regional Centers 2012 Annual Reporting (Form I-924A).

SIGN UP HERE -  http://iiusablog.org/events/iiusa-host-119-webinar-regional-centers-2012-annual-reporting-form-i924a/

US House passes three year extension of EB-5 regional center program

On September 13, 2012, the U.S. House of Representatives passed S. 3245 (412-3) – which includes a three year re-authorization of the EB-5 Regional Center Program through September 2015.  Having passed by the Senate on August 2, the bill is now on its way to President Obama for signature – likely later this week.  Judiciary Committee Chair Lamar Smith (R-TX), Immigration Subcommittee Ranking Member Zoe Lofgren (D-CA), Representative Rick Larsen (D-WA), and Representative Peter Welch (D-VT) all spoke in favor of the EB-5 Regional Center Program re-authorization.

Check progress here - http://www.govtrack.us/congress/bills/112/s3245


 

EB-5 Visa Usage (2006-March2012)

Big thanks to IIUSA for generating this report on EB-5 visa usage dating back to 2006 to our current month. IIUSA thoughtfully provides charts that illustrate the increase in EB-5 visa usage by year and tracks the trends for each individual country that participates. The Chinese nationals continue to dominate the list (accounting for nearly 70% of EB-5 visas issued in 2011 and 2012 to date), but a keen observation notes that Iran and Venezuela have moved into the top five countries by EB-5 visa usage. The report indicates that 2,405 visas had been issued in FY2012 as of March 2012.

View EB-5 Visa Graphs and Charts Here

Source: IIUSA, By Peter Joseph

For more in depth information regarding investing or financing for EB-5 contact us- 

Empire State EB-5 

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Reauthorizing the EB-5 Regional Center Program: Promoting Job Creation and Economic Development in American Communities

 

Senate Judiciary Committee

Full Committee

DATE: December 7, 2011
TIME: 10:00 AM
ROOM: Dirksen 226

OFFICIAL HEARING NOTICE / WITNESS LIST:

 

November 30, 2011

NOTICE OF COMMITTEE HEARING

The Senate Committee on the Judiciary has scheduled a hearing entitled “Reauthorizing the EB-5 Regional Center Program: Promoting Job Creation and Economic Development in American Communities” for Wednesday, December 7, 2011, at 10:00 a.m., in Room 226 of the Dirksen Senate Office Building.

By order of the Chairman.
ORIGINAL LINK HERE 

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