Wednesday, April 27, 2016

Final Call! 2016 China Caribbean Investment & Finance Forum May 3

This is final call for online registration!  2016 China Caribbean Investment & Finance Forum will be discussing various Chinese investments and alternative EB-5 financing in the region.  To book today, log on http://ChinaCaribbeanForum.com 

ABG announces US China Investment Chicago Forum

US China Investment Chicago Forum is taking place on June 30, 2016 in Naperville (west suburb of Chicago), Illinois.  The much-anticipated investment and finance forum will bring together executives and professionals real estate investment industry's most active market participants for a day of high level discussion, peer to peer exchanges and one on one networking sessions.  We are expecting over 20 executives from China to participate in this event. 

The event will have limited seats for senior-level executives from both the US and China and will feature honest and in-depth dialogues with the leading experts on how to effectively attract private equity and EB-5 investments from China.  In addition, the Forum offers unique networking sessions that willenable participants to establish useful and productive contacts and generate fresh deal flow or potential investment opportunities as well as possible funding leads from equity partners in China.  Invited speaker faculty will be announced. 

Who Should Attend: EB-5 Developers, Regional Centers, Attorneys, Investment Consultants, Real Estate Developers, Equity Managers, Investment Banks, Family Offices, Private Wealth Managers, REITS, Fund of Funds, Distressed Funds, Hedge Funds, Accountants, Insurance Companies

Register online: http://2016Chicago.eventbrite.com

Watch live: Shumlin news conference on Jay Peak, EB-5

(Source: Burlington Free Press) Watch live: Shumlin news conference on Jay Peak, EB-5, click here  http://www.burlingtonfreepress.com/ to watch.

Also from Vermont's NPR news "For Some EB-5 Investors, Immigration Questions Loom Large" - see the story at http://digital.vpr.net/

Tuesday, April 26, 2016

CURBED: Jay Peak Could Be Forced to Close Due to Fraud Allegations

Curbed.com reports "Jay Peak Could Be Forced to Close Due to Fraud Allegations - A court-appointed receiver says the ski area is losing money" and see a full story at http://ski.curbed.com/

WCAX: EB-5 investors anxious about immigration status after alleged NEK fraud

WCAX reports EB-5 investors anxious about immigration status after alleged NEK fraud.  See the video interview at http://www.wcax.com/story/

EB-5 Update – 80% of EB-5 Immigrant Visas Issued to Chinese Nationals

(Source: Bernard Wolfsdorf) On Friday, April 22, Bernard Wolfsdorf, Managing Partner of Wolfsdorf Rosenthal LLP, spoke on a panel at the 9th Annual EB-5 Advocacy Conference in Washington, D.C. hosted by Invest in USA with Mr. Charles Oppenheim, Chief of the Visa Control and Reporting Division for the U.S. Department of State. During the panel, Mr. Oppenheim released preliminary visa issuance data for the first six months of Fiscal Year 2016 (October 1, 2015 – March 31, 2016) on EB-5 immigrant visas. 

Ten Things I Learned from Charles Oppenheim, Chief of the Visa Control and Reporting Division within the U.S. Department of State during our IIUSA Panel on April 22, 2016

1. Chinese nationals received 80.40% of the EB-5 immigrant visas issued in FY 2016 to date. This is down from 83.54% in FY 2015.
2. South Korea is back in 2nd place with almost 3% (2.98%) of EB-5 visas pushing Vietnam into 3rd place (1.64%). Vietnam had 2.86% of all EB-5 immigrant visas in FY 2015.
3. In 4th place is Taiwan with 1.63% and Venezuela comes back into top 5 with 1.03%. Venezuela was last in the top 5 in FY 2013.
4. The I5 EB-5 category, that is $500,000 Regional Center – TEA cases continue to dominate the program constituting 95% of all EB-5 immigrant visas issued in the first 6 months of FY 2016, compared with 98.2% in FY 2015.
5. The T5 EB-5 category, that is $500,000 Direct – TEA cases increased to 3.08% of all EB-5 immigrant visas issued in FY 2016 to date, compared with only 0.94% in FY 2015.
6. The C5 EB-5 category, that is $1m Direct, non-TEA increased dramatically by 189% to 1.74% of all EB-5 immigrant visas issued in FY 2016 to date, compared with 0.6% in FY 2015.
7. In FY 2015, 991 EB-5 Form I-485 Adjustment of Status applications were filed, whereas, in the first 6 months of FY 2016 alone, 731 I-485s were filed. Adjustments are on pace to increase by 47% from FY 2015. This is almost certainly because USCIS allowed EB-5 applicants to file Form I-485 applications based on Chart B – Date for Filing – listed in the U.S. Department of State Visa Bulletin for October and November 2015.
8. The May 2016 Visa Bulletin EB-5 cutoff date for China moved forward again to February 8, 2014 (but only by 7 days from April 2016). The June 2016 Visa Bulletin EB-5 cutoff date for China is estimated to be at February 15. By the end of September 2016, the best case scenario is that the China EB-5 cutoff date will have advanced to March 8, 2014, however, China EB-5 movement could be very slow and only advance to February 22, 2014.
9. An EB-5 investor with a priority date of March 21, 2014 will likely be current for final interview scheduling on or about November 2016.
10. An EB-5 investor with a priority date of October 15, 2014 may not be current for final interview scheduling until well after August 2017.