Behring Regional Center is pleased to announce that the exemplar Form I-924 and I526 exemplar application for The Graduate EB-5 Project was approved by USCIS on April 27, 2021. The project was approved directly by USCIS, with no RFE or challenge from USCIS. The project’s construction is already completed, EB-5 job creation satisfied and student …
Behring’s case against DHS is still pending. The government is expected to file a brief to reply to Behring’s arguments against the validity of DHS’s recent attempt to ratify the 2019 EB-5 Modernization Rule on April 22, 2021…
Behring’s case against DHS challenging the validity of the 2019 EB-5 Immigrant Investor Program Modernization Rule is currently pending in federal district court. The next court date is May 6, 2021 when the court is expected to issue a final ruling…
On March 18, 2021, Senators Grassley (R-Iowa) and Leahy (D-Vermont) re-introduced the “EB-5 Reform and Integrity Act of 2021,” a bill that would reauthorize the EB-5 Regional Center Program, which is set to expire on June 30th, through 2026. The bill also includes measures designed to address fraud and national security concerns. Summary of the …
EB-5 investors often ask if using an EB-5 unsecured loan is permitted under EB-5 regulations. Many investors have family and friends who want to help finance their EB-5 investment to obtain a US green card. However, gifting funds might not be the most tax efficient way. Before the Zhang decision, USCIS required any loan proceeds …
In another EB-5 pioneering accomplishment, Behring congratulates its EB-5 investor who recently received I-526 approval and utilized profits from cryptocurrency trading as a lawful source of funds. Behring thanks attorney Niral Patel and the legal team at David Hirson and Partners for their expert legal guidance. Behring has extended its EB-5 visa capabilities a step …
Behring is in the news again for our latest efforts to improve the EB-5 industry in its EB-5 lawsuit against USCIS. This time is different though. We are not just innovating to offer better EB-5 investments, but to save the industry as a whole. After the new EB-5 rules started in November 2019, the industry ...The U.S. Circuit Court of Appeals for the District of Columbia Circuit, in Zhang v. USCIS et al., held that loan proceeds qualify as cash. Thus, it rejected USCIS’ interpretation that loan proceeds are “indebtedness” that must be secured by assets of the EB-5 investor. (Read the decision.) Previously, USCIS had rejected the I-526 petitions …
On July 24, 2020, USCIS updated its Policy Manual revising EB-5 redeployment requirements for EB-5 capital while EB-5 investors wait to complete their two-year conditional residency periods. The key changes include: Municipal bonds are no longer an acceptable redeployment strategy Redeployment must be consistent with purpose of the New Commercial Enterprise’s (NCE’s) ongoing business and deployed through the same NCE Redeployment must occur within geographic area of the regional …
DHS has agreed to rescind its rule to revoke student visas for international students whose schools have converted to an entirely online curriculum. Last week, US Immigration and Customs Enforcement (ICE) issued a new rule under the Student and Exchange Visa Program (SEVP) prohibiting international students from remaining in the United States if their schools …
