Blog Archives
What Does Coronavirus Mean to the EB-5 Industry
The Coronavirus and EB-5 As the coronavirus spread across the globe, countries closed borders, shut down non-essential businesses and implemented shelter at home orders. Undoubtedly, COVID-19 had and continues to have human and economic impact of unprecedented proportions, affecting nearly every community and every industry. In order to better understand its impact on EB-5, let’s review what the EB-5 program stands for. The EB-5 is foremost an investment program. It
4 Reasons Foreign Investors Love the EB-5 Visa
The EB-5 visa has been popular with foreign investors for more than three decades due to its many advantages. The program, administered by the United States Citizenship and Immigration Services (USCIS), enables a foreign investor that invests at least $900,000 USD into a U.S.-based business to obtain a permanent green card for the applicant, and his or her family, provided the investor meets certain criteria. The program was implemented by
10 Reasons You Should Pursue an EB-5 Green Card
If you’ve just recently heard about the EB-5 green card, you are not alone. This lesser-known visa category has been gaining more popularity in recent years, even though it was established by the United States Congress in 1990. The EB-5 visa is an immigrant investor visa that provides a direct path to permanent residency in the United States. But this is not the only advantage that makes it so desirable.
5 Reasons to Switch Your H-1B Visa to an EB-5 Visa
There are many visa paths available to foreigners who seek to live, work or study in the United States. And they each come with their own set of requirements and limitations. Generally, the H-1B visa is popular since it is a temporary (nonimmigrant), employment-based visa that is granted to an eligible temporary worker when a U.S. employer applies for the petition. While this may be a fast track to living
Another Quality EB-5 Project from The LCP Group – the Harlow in D.C. Is Almost Sold Out
The new Harlow multi-family residential complex in Washington, D.C., was almost fully leased before its grand opening on Oct. 17, with 95% of its units accounted for at that time. The Harlow is a pet-friendly 10-story building with 179 mixed-income apartments that have spectacular views of Canal Park and 4,000-square-feet of ground floor retail space. The building offers townhomes and one- and two-bedroom apartment homes, some with dens. This property
LCP’s Flagship EB-5 Project Beats Goldman Sachs Tower as Tallest Building in New Jersey
At 900 feet tall, the new 99 Hudson building located near the waterfront in Jersey City has replaced the Goldman Sachs Tower as the tallest skyscraper in New Jersey. The 79-story luxury high-rise condominium features a combination of avant-garde architectural design and glass and has 7,500 square feet of new pedestrian plazas, open green spaces, and a wealth of retail and recreational opportunities. It is fitting that this skyscraper, with
Taking the Guesswork Out of EB-5 Wait Times
The EB-5 investor visa program is a great way for foreign investors to invest in a real estate project in the United States while simultaneously obtaining a permanent U.S. green card for themselves and their eligible family members. Naturally, the top question from most potential investors is, “How long will it take until I can move to the U.S.?” Unfortunately, the EB-5 process timeline is an estimate, and for some,
EB-5 Green Card Investment Amount Increases from $500K to $900K in November 2019
For those contemplating applying for a U.S. EB-5 green card, now may be the time to act since the U.S. Citizenship and Immigration Services, DHS (USCIS) recently issued a final rule to change the EB-5 investment amount from $500,000 USD to $900,000 USD in a targeted employment area (TEA) and from $1 million to $1.8 million in non-TEA areas. The rule is set to take effect on November 21, 2019,
Increasing H-1B Denials Drive Visa Holders to Permanent EB-5 Visa Option
Recent challenges surrounding the United States’ H-1B visa program, which allows American employers to temporarily hire skilled foreign workers, have gained global attention as the denial rate steadily increases. As per statistics from the United States Citizenship and Immigration Services (USCIS), 61,346 petitions initially were rejected in 2018, up from 13,073 in 2015. And this year, that number is on track to climb to approximately 100,000 with almost 25,000 petitions
New EB-5 Rule May Almost Triple Required $500K Investment Amount for U.S. Green Card
Securing a U.S. green card via the EB-5 program may cost investors nearly three times more than the current $500,000 requirement due to a new regulation circulating in Washington, D.C. The EB-5 Immigrant Investor Program has a new Modernization Regulation pending that may significantly increase the required investment amount from $500,000 to $1,350,000 in a Targeted Employment Area (TEA), and from $1 million to $1.8 million for non-TEAs. Those who