As expected, Senator Grassley, with significant support, including the support of IIUSA, has proposed a bill to reauthorize the EB-5 Regional Center Program (the “EB-5 Program”) in order to “prevent fraud and promote and reform foreign capital investment and job creation in American communities.”……
Various reasons exist for an EB-5 petition denial. The simplest of mistakes or oversights can end the most promising and potentially successful business enterprises. As with anything related to visas, attention to detail is paramount to ensure enough money is going towards a qualifying project. Specifically, EB-5 investors must devote $900,000 to a targeted employment area project. For non-targeted employment areas, the maximum investment doubles to $1.8 million. Attention to Detail is Paramount The devil…