![\"Trump](\"http:\/\/www.immigration.ca\/wp-content\/uploads\/2017\/05\/Donald_Trump_official_portrait-e1495575823185-300x237.jpg\" "\\"Trump")
Talk of a major overhaul of the USA immigration<\/a> program proved to be posturing as none of the multiple proposals put forward gained any traction.<\/p>\nAfter a one week extension from the previous April 28 expiry, the program has now been extended for five months without change as part of the new Congress funding bill.<\/p>\n
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Current US EB-5 Investment Requirements<\/h3>\n\n- An EB-5 investor must invest in a new commercial enterprise.<\/li>\n
- The investor must invest at least $1 million when investing in a general area of business or at least $500,000 when investing in a targeted employment area (\u201cRegional Centres\u201d).<\/li>\n
- Within two years of admission as a Conditional Permanent Resident, the investor must create or preserve at least 10 full-time, direct or indirect jobs belonging to qualified US workers.<\/li>\n
- See\u00a0Tax Implications of Gaining Permanent Residence Through US EB-5 Visa<\/a>.<\/li>\n<\/ul>\n
\nSeveral bills have been tabled with plans for EB-5, including raising investment levels and changing how a Targeted Employment Area (TEA) is defined.<\/p>\n
Some of the uncertainty about President Donald Trump\u2019s stance on EB-5<\/a> was cleared up in a government statement published by the Washington Post recently.<\/p>\nDespite Trump\u2019s anti-immigration position, many felt he would separate EB-5 from any crackdown because of the foreign investment in real estate it attracts.<\/p>\n
\nRead More<\/b><\/p>\n\n- Trump Immigration Ban Sees Arabs Scramble For EB-5 Applications<\/a><\/li>\n
- Chinese Could Ignore EB-5 In Favour of Canada, UK, Australia<\/a><\/li>\n
- EB-5 Investors Left In Limbo By Trump Travel Ban<\/a><\/li>\n<\/ul>\n
\nHowever, the White House statement said it was \u2018in need of substantial repair\u2019.<\/p>\n
White House spokesman Michael Short said: “There are serious concerns held by the administration regarding the EB-5 visa program, in part because it is not being used as it was primarily intended.<\/p>\n
“The administration is continuing to evaluate reforms to the program, which we believe is in need of substantial repair.”<\/p>\n
There have been calls for the investment threshold to increase, with separate proposals suggesting $800,000 and $1.3 million respectively as the minimum requirement, but nothing has gained significant traction.<\/p>\n
It has faced criticism from several sources, who want it abolished. There are several ongoing court cases linked to potential EB-5 fraud. There are calls for a body to be formed to oversee these transactions, to ensure transparency.<\/p>\n
\nFraud Cases Linked to EB-5<\/h3>\n\n- Brokerage firm Raymond James paid a nearly $150 million settlement in a case involving alleged misuse of $200 million in EB-5 funds. Federal regulators say Ariel Quiros and Bill Stenger used investor money intended for a biomedical research facility in Vermont to buy a luxury ski resort in a deal facilitated by Raymond James. Some 169 investors will be repaid following the settlement.<\/li>\n
- Developer Lobsang Dargey was accused of defrauding Chinese investors out of money for a tower in Belltown. Dargey no longer has control of the project and denies any wrongdoing.<\/li>\n
- American Life, a recipient of more than $1 billion in EB-5 investment money, was fined $1.2 million for facilitating payments to unlicensed intermediaries in the U.S.<\/li>\n<\/ul>\n
\nThe extension until September 30 means any changes are not likely to happen until then.<\/p>\n
But with the White House saying it supports potential changes, it would seem prudent to expect an overhaul before another continuing resolution is granted.<\/p>\n
Further reading<\/b><\/p>\n\n- Affluent Chinese Investors Reject Australia\u2019s Revamped Significant Investor Visa<\/a><\/li>\n
- Australia to Boost Economy through Revamped SIV, Tax Breaks, and New Entrepreneur Visa<\/a><\/li>\n<\/ul>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The US EB-5 investment immigration program has been granted another temporary extension, this time until September 30, 2017. Talk of a major overhaul of the USA immigration program proved to be posturing as none of the multiple proposals put forward gained any traction. After a one week extension from the previous April 28 expiry, the…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-2o6","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/9182"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=9182"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/9182\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=9182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=9182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=9182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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Several bills have been tabled with plans for EB-5, including raising investment levels and changing how a Targeted Employment Area (TEA) is defined.<\/p>\n
Some of the uncertainty about President Donald Trump\u2019s stance on EB-5<\/a> was cleared up in a government statement published by the Washington Post recently.<\/p>\n Despite Trump\u2019s anti-immigration position, many felt he would separate EB-5 from any crackdown because of the foreign investment in real estate it attracts.<\/p>\n Read More<\/b><\/p>\n However, the White House statement said it was \u2018in need of substantial repair\u2019.<\/p>\n White House spokesman Michael Short said: “There are serious concerns held by the administration regarding the EB-5 visa program, in part because it is not being used as it was primarily intended.<\/p>\n “The administration is continuing to evaluate reforms to the program, which we believe is in need of substantial repair.”<\/p>\n There have been calls for the investment threshold to increase, with separate proposals suggesting $800,000 and $1.3 million respectively as the minimum requirement, but nothing has gained significant traction.<\/p>\n It has faced criticism from several sources, who want it abolished. There are several ongoing court cases linked to potential EB-5 fraud. There are calls for a body to be formed to oversee these transactions, to ensure transparency.<\/p>\n The extension until September 30 means any changes are not likely to happen until then.<\/p>\n But with the White House saying it supports potential changes, it would seem prudent to expect an overhaul before another continuing resolution is granted.<\/p>\n Further reading<\/b><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" The US EB-5 investment immigration program has been granted another temporary extension, this time until September 30, 2017. Talk of a major overhaul of the USA immigration program proved to be posturing as none of the multiple proposals put forward gained any traction. After a one week extension from the previous April 28 expiry, the…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-2o6","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/9182"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=9182"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/9182\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=9182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=9182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=9182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nFraud Cases Linked to EB-5<\/h3>\n
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