Saturday, February 28, 2015

Report from China: Chinese migration leaders call for regulation enforcement

A group of Chinese migration leaders and executives have been meeting with Beijing authority to urge enforcement of Chinese exit and entry regulations and laws to prevent and eliminate solicitations by US based immigration attorneys and offshore based foreign consulting firms without exit/entry service licenses in China. Some executives suggested to report such illegal practices to China's Ministry of Justice and US SEC.  Currently the Ministry of Justice issues licenses to foreign law firms that intend to establish presence in China, and only a few international immigration law firms have obtained such licenses.  Many foreign firms choose to cooperate and partner with Chinese local firms. The Ministry of Public Security issues license to migration agencies for conducting immigration services. As EB-5 program is getting widely attention in China, Chinese migration industry has felt direct competitions from some of US based solicitors and law firms.  Chinese authority has already shut down a few illegal operations around the country.  For more information about EB-5 program and its Chinese investors market, contact us at artisanbusiness@gmail.com .

Thursday, February 26, 2015

Long Anticipated SEC Enforcement Action In EB-5 Targeting Unlawful Broker Fees Arriving Shortly


(Source: Homeier & Law) NEWS ALERT FOR THE EB-5 INDUSTRY

The SEC's formal announcement of its enforcement action in the EB-5 industry concerning receipt of unlawful broker fees looks to be coming very soon.  We and fellow securities counsel practicing in the EB-5 space have warned for some time that the SEC has been conducting a wide-ranging investigation into the payment of fees by EB-5 regional centers to immigration attorneys and other persons not registered as securities brokers, in return for sourcing investors for the regional centers’ projects.  This practice appeared widespread prior to 2010; however with our arrival and that of other securities lawyers into the industry around that time, our group advice that receipt of such fees by unlicensed persons could likely run afoul of the broker registration rules seemed generally to be heeded, and the practice substantially diminished.  Nevertheless, in a classic case of it being impossible to “un-ring the bell,” the SEC is now bringing enforcement actions against a number of those attorneys, including many who had already abandoned the practice on the advice of securities counsel prior to the SEC’s arrival in EB-5.  It appears that the targeted lawyers are being required to disgorge the payments they unlawfully received dating back for the five years of the standard statute of limitations, or to January 1, 2010, plus interest (and, in “appropriate” cases, with penalties being assessed, as well), in some cases amounting to $1 Million or more, for each lawyer.  As yet, it is unknown whether this spate of enforcement actions will mark the conclusion, or only the beginning, of the SEC’s enforcement actions on this issue. We understand the SEC is investigating EB-5 issuers and regional centers for “aiding and abetting” unregistered brokering activity by engaging and paying unregistered intermediaries, as the SEC has done in recent enforcement actions outside the EB-5 sphere.  The agency has publicly and prominently announced that enforcement is a top priority, and the impending formal announcement of its action in EB-5 clearly demonstrates its resolve.  Further enforcement action should be expected, in particular as to legacy practices by industry participants.  EB-5 securities issuers (just like those outside EB-5) are well advised of their ongoing need—and duty—to strictly comply with all applicable securities laws and regulations, including but not limited to the immediate broker fee issue.  The assistance of experienced securities counsel in helping accomplish this compliance should be secured as early in the investment process as possible to avoid outcomes like this.

Sunday, February 22, 2015

Only a few booth left! - The 2015 Investment Immigration Opportunity Summit

The 2015 Investment Immigration Opportunity Summit (Hangzhou Zhejiang Province) is one of the premier investment summits featuring investment, immigration and business opportunities to Chinese individuals.The full day March 22nd Conference and Exhibition will be hosted at the Hyatt Regency Hangzhou and will include opening ceremony, presentation by expert speakers, project seminars and a networking reception with more than 20 migration agencies. 

The exhibitors include American Dream Fund, RockBridge Senior Living Communities, Artis Senior Living Community, RED Development and more!

Saturday, February 21, 2015

ABG team visits Miami area

ABG team is visiting Miami and West Palm Beach area to meet with project developers. To learn more about EB-5 program, contact us today at artisanbusiness@gmail.com.

Friday, February 20, 2015

EB5 Linkedin Group

Are you on Linkedin? If you are a member of Linkedin.com social network, please join our EB5 related support group at http://www.linkedin.com/groups?gid=2070240&trk=hb_side_g

Thursday, February 19, 2015

USCIS EB-5 Processing Times Updated


USCIS has updated averaged processing times for Immigrant Investor Program. I-526 Petitions are up to 14 months. I-829 petitions  to remove conditions are currently at 11.4 months. I-924 Regional Center applications are up to 11.1 months. The EB-5 Immigrant Investor Program is set to expire September 30, 2015. You can see the updated processing times here. We will host an EB-5 project financing forum in Chicago on April 8th to discuss updates with EB-5 program.

Wednesday, February 18, 2015

USCIS Invitation: EB-5 Interactive Series: Requests for Evidence on Lawful Source of Funds for Investment

From: U.S. Citizenship and Immigration Services [mailto:uscis@public.govdelivery.com]
Sent: Thursday, February 12, 2015 12:10 PM
Subject: USCIS Invitation: EB-5 Interactive Series: Requests for Evidence on Lawful Source of Funds for Investment, 2/26/2015


Dear Stakeholder,

U.S. Citizenship and Immigration Services (USCIS) invites you to participate in the first engagement of a new informational series, EB-5 Interactive, on Thursday, Feb. 26, from 1 to 2:15 p.m. (Eastern). The topic of discussion will be lawful source of funds used for capital investment in the EB-5 program.We will discuss common reasons why petitioners receive requests for evidence and types of evidence that are helpful to submit. Participants will have the opportunity to share their experiences in demonstrating lawful source of funds for capital investment.

Why This Is Important
Any assets acquired directly or indirectly by unlawful means, such as criminal activity, will not be considered capital pursuant to the Immigration and Nationality Act section 203(b)(5) and Title 8 of the Code of Federal Regulations (8 CFR) section 204.6(e). Additionally, per 8 CFR section 204.6(j) and Matter of Ho, 22 I&N Dec. 206 (Assoc. Comm’r 1998), a petition must demonstrate by a preponderance of the evidence that the petitioner’s capital was his or her own and was obtained through lawful means.

Who Should Participate
This session is open to anyone, but may be most useful to those who have submitted, or will be submitting, Form I-526, Immigrant Petition by Alien Entrepreneur. To register for this session, please follow the steps below:
  • Visit our registration page to confirm your participation
  • Enter your email address and select “Submit”
  • Select “Subscriber Preferences”
  • Select the “Event Registration” tab
  • Provide your full name and organization
  • Complete the questions and select “Submit”
Once we process your registration, you will receive a confirmation email with instructions on how to participate in this session. If you have any questions about participating, or if you do not receive a confirmation email within two business days, please email us at Public.Engagement@uscis.dhs.gov.

Happy Chinese New Year!


Artisan Business Group would like to wish everyone a Happy Chinese New Year! The year of the Goat/Sheep comes 8th in the Chinese Zodiac Calendar and officially begins February 19th as the first day of the Chinese lunar calendar. The beginning of Spring Festival will be celebrated for the next couple weeks. Happy Chinese New Year!

Tuesday, February 17, 2015

ABG to co-host senior living management conference in China


Artisan Business Group will be co-hosting a senior living management conference at the Love for Life Senior Living Center near Beijing March 20, 2015.  The conference will feature US industry speakers and welcome over two hundred industry leaders from all over China. The Love for Life Senior Living Communities is developing twenty senior care centers around China. China is becoming one of the fastest growing markets for senior care industry.  Artisan Business Group is working with Chinese real estate developers to develop ALFs in China.

Monday, February 16, 2015

Artisan Business Group to host inbound migration agents in DC and Orlando

Artisan Business Group will be hosting a group of inbound Chinese migration professionals in Washington DC and Orlando March 1-8, 2015. The group will be meeting with ABG's consulting clients and immigration attorney to learn the latest business environment with the EB-5 industry. To learn more about EB-5 program, contact us today at 217-899-6661.

Sunday, February 15, 2015

The 2015 Investment Immigration Opportunity Summit: All standard booths sold out!

 Standard Booths Sold Out!


The 2015 Investment Immigration Opportunity Summit (Hangzhou Zhejiang Province) is one of the premier investment summits featuring investment, immigration and business opportunities to Chinese individuals.The full day March 22nd Conference and Exhibition will be hosted at the Hyatt Regency Hangzhou and will include opening ceremony, presentation by expert speakers, project seminars and a networking reception with more than 20 migration agencies. 

Register your booth at http://www.goalliance.org    Premium and Sponsorship Exhibitor Packages are still available starting at $3500.

Event Host & Organizer: Shinyway Emigration, one of the most active EB-5 migration agencies in China. 

Saturday, February 14, 2015

Register today for 2015 EB-5 VIP China Business Delegation



Artisan Business Group will guide the 2015 EB-5 VIP China Business Delegation to Shanghai, Beijing, Hangzhou and Shenyang from March 12-23rd. After successfully leading a 17 member delegation in November 2012 to Shanghai, 13 member delegation in 2013 to Beijing and 13 member delegation to Southern China in 2014, Artisan Business Group now plans to organize an exclusive and smaller delegation to some of the most dynamic cities in China.

The EB-5 VIP delegation will attend EB-5 conferences, meet with key migration agents and business executives throughout their time in China’s major financial centers and two of the fastest growing cities.  The main activities include meetings with leading emigration agencies and professional introductions with potential business partners; "The Evening of Shanghai" private reception (March 14, 2015) with emigration agents and local business executives; attending the 2015 Invest in America Summit (Shanghai March 14-15) and the 2015 annual Investment Immigration Opportunity Summit (Hangzhou March 22); and other planned activities and business functions across the cities.

If your company or Regional Center has a project that needs investors, then this is the delegation for you to join. The 2015 EB-5 VIP China Business Delegation’s core objective is bringing US business executives to meet their potential EB-5 partners in China. Whether you have a project that needs migration agents now, or you have a project that will need the connections in 6 months, this VIP delegation gives you the unique platform to form productive working relationships with potential migration agents in China. Contact Tyler McKay at artisanbusiness@gmail.com for more information on the event.

Thursday, February 12, 2015

Brian Su continues meetings in Beijing


Brian Su is meeting with migration agents during his trip in China to discuss industry trends and future of EB-5 immigrant investor program. Emigration agents are curious about the renewal of the EB-5 program which is set to expire September 30, 2015. Questions also are focused on project due diligence and retrogression of EB-5 investors due to the large demand of Chinese EB-5 investors. These are the major concerns for emigration leaders as they head into the Chinese New Years festivals next week. Artisan Business Group will continue to monitor the concerns and will be going back to China March 12-23rd to host events such as the EB-5 VIP Business Delegation and 2015 Investment Immigration Opportunity Summit March 22nd in Hangzhou.

Wednesday, February 11, 2015

EB-5 Investment Summit now accepts US Exhibitors





The 2015 Investment Immigration Opportunity Summit is one of the premier investment summits featuring investment, immigration and business opportunities to Chinese individuals. The March 22nd Exhibition will take place in Hangzhou which is the capital and largest city in Zhejiang province, located southwest of Shanghai and only a short one hour train ride.  The Zhejiang Summit is designed to appeal mainly to overseas students with intent to obtain legal and permanent residence in the US, young families with future family and educational planning, high net worth individuals with global investment purposes and individuals interested in investing in EB-5 immigrant investor program. Professionals from immigration and related industries have been invited to provide insights, including trends and policies, taxations, legal system, educations in the US, etc.

The Zhejiang Summit will be a conference that is committed to migration agents, potential investors, project developers, EB-5 regional centers, and migrant professionals that are of great influence in migration industry with center stage, exhibitors, workshops and networking events. The full day March 22nd Conference and Exhibition will be hosted at the Hyatt Regency Hangzhou and will include opening ceremony, presentation by expert speakers, project seminars and a networking reception with more than 20 migration agencies. 



Register your standard booth starting from $2500 at http://www.goalliance.org/.  Sponsorship Packages are available.