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Credit Suisse, a financial holding company, released a report saying that there are 128,200 ultra-high net worth (UHNW) individuals in the world. To be classified as an UHNW, a person’s net worth must exceed $50 million. According to the report, the number of UHNW individuals has increased by 98,700 from what it was a year… Read More
Recently, the Department of State announced that the annual maximum number of EB-5 visas allotted for Chinese natives had been reached. This means that EB-5 visas were unavailable for natives of China until the start of the new fiscal, which began on October 1, 2014, but there may be a few additional effects. One potential… Read More
The EB-5 investor visa program has created numerous jobs in the United States, allowed for the funding of many businesses and real estate projects, and has allowed thousands of high net worth individuals to immigrate to the U.S. and become tax payers. The EB-5 program unfortunately has a history which includes some examples of improper… Read More
As reports and allegations of misappropriation of EB-5 funds become more common, it is more important than ever for potential EB-5 investors to do due diligence before choosing a project or Regional Center. One example of a problematic EB-5 project came to light in a complaint recently filed by the Securities Exchange Commission (SEC). According… Read More
Project developers are increasingly turning to the EB-5 Immigrant Investor Visa Program to raise capital. A designation as a Regional Center by United States Citizenship and Immigration Services (USCIS) allows a project developer to raise funds from foreign investors, who in exchange receive an EB-5 visa, and eventually a Green Card. If you are a… Read More