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You're trying to leverage what you already have, not bring on more salary and overhead.


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They are shocked when they find out they have to bring in more people, which is contrary to their business model as developers. The other big hurdle, says Hayhurst, and one getting bigger by the day, is tracing the sources of funds. In the dozens of EB-5 deals Hayhurst has seen, he has never seen evidence of ill-gotten gains or sheltering of funds.

But at the same time, as he sees activity from all over Southeast Asia, one thing still shocks him.


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In the rest of the world, including sophisticated economies like Japan or Australia, that doesn't happen — you can't get a credit report. Recently I had a deal with a Japanese investor, and just could not get any background you would normally expect. It's common not just for EB-5 deals, but for any foreign investment. That said, Hayhurst did help facilitate an EB-5 deal involving Japanese investors in a Canadian firm that repurposes industrial slag for cement and has various operations across several Western states. They could meet the job test. Pure expense is yet another obstacle. In Q2 , there were a pending total of 13, I petitions and 3, I petitions.

Average wait times were around 13 months, according to a check of the USCIS website earlier this week. I think it has a lot to do with how much you complicate or do not complicate your templates for investors to file petitions. And we won't underwrite projects that utilize all these indirect jobs. That brings up a practical problem, he says, because the company's capital needs and market opportunity are both occurring now.

This map shows where each state's largest immigrant group comes from, excluding Mexico

That creates a real tension, and sense of frustration. Partly because of that lag, he says, in his experience the proportion of EB-5 projects that reach completion is less than 10 percent. If you're a smaller compay, part of what you offer is speed, and the ability to convince investors you can take an idea from beginning to end very quickly.

He says the delays have "created problems in terms of the infeasibility of using escrow arrangements.

Continuing Professional Development (CPDs)

Now they've had to relax those because deals have to go forward. We're still in an adolescent stage of development. It isn't a mature program.

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We want to flush out and prosecute and penalize bad actors. We don't want money-laundered funds to be investment, or have threats to national security.

Stunning visualization shows how US immigration evolved over years - Insider

But the real problem is how quickly we can get where we need to be. Hayhurst compliments foreign investor programs he's seen in Singapore and Canada. In Singapore, for instance, a liquor distribution company had three-, five- and year goals. And there's a more realistic hurdle, meaning they give a longer time frame to build up job creation, as opposed to the EB-5 program that really wants to see something up front on day one.

If you had some kind of graduated program that follows that model, it certainly would be easier for people to get their arms around. Like EB-5, the Canadian program was so popular with the Chinese that it was shut down in in order to "eliminate the backlog," which some might read as cover for "not letting in any more Chinese. According to published reports based on government data requests, the new program had received just six applicants as of June. Angelo Paparelli is heartened by what he calls "reasonable additional regulation" of EB-5, considering its checkered past.

‘I never thought I’d say this, but I miss the Obama rules’

And he's equally heartened by rapidly increasing interest in EB-5 from institutional players. But he also foresees a shakeout: "We may see a smaller number of Regional Centers," he says, "or see special-purpose Regional Centers that really are there only to promote the developers' transactions.

Animated Map Shows History Of Immigration To The US

Nick Mastroianni, however, sees a glass half full Adam Bruns has served as managing editor of Site Selection magazine since February Imagine a student on an F-1 visa who is authorized to work on campus half-time. One week during her junior year, she inadvertently works a few extra hours. A little over a year later, she and a U.


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But under the new policy, her unlawful presence would be stretched back to begin in her junior year, barring her from returning to the United States for ten years. Further reading:.

follow link Alternatively, the U. Department of Justice accredits certain non-profit organizations that provide low-cost or free immigration legal services.

Stamford immigration expert: Quiet the rhetoric

To stay up to date on changes throughout the U. Denial rates for H-1B petitions is at an all time high and attorneys believe its because the United States Citizenship and Immigration Services USCIS has increased the standard of proof for approval without the requisite legal authority. Add Comment Comments. Characters Remaining: We have sent you a verification email.