Washington D.C., March 13, 2023: News broke over the weekend that three U.S. banks were being shuttered by U.S. banking regulators because they were experiencing financial constraints. Of these three banks, one would be familiar to many EB-5 investors: Signature Bank. Many EB-5 Regional Centers...
U.S. Citizenship and Immigration Services finally issued comprehensive guidance on parole for international entrepreneurs. The International Entrepreneur Parole program (IEP) was launched on January 17, 2017, with the stated purpose of spurring entrepreneurship, innovation and job creation in the United States. The IEP program provides “parole”...
Washington, D.C., March 8, 2023: USCIS recently announced that it is expanding premium processing to additional forms. In March, USCIS is expanding premium processing to certain F-1 students seeking Optional Practical Training (OPT) and F-1 students seeking STEM OPT extensions who have a pending Form...
On March 1, 2023, the Department of Homeland Security (DHS) issued a Federal Register Notice informing that U.S. Citizenship and Immigration Services (USCIS) will start collecting fees for the EB-5 Integrity Fund to administer EB-5 Regional Center Program, as required under the EB-5 Reform and...
On February 1, 2023, Indian Finance Minister, Nirmala Sitharaman announced the union budget for the financial year 2023. According to which, the Tax Collected at Source ("TCS") for foreign outward remittances under the Liberalised Remittance Scheme ("LRS") will be increased from 5% to 20%. TCS on...
Washington, DC, February 15, 2023: The US Department of State released the March Visa Bulletin today. All employment based preference categories for Indian born applicants retrogressed. The EB-1 classification retrogressed to February 1, 2022 for both India and China. Interestingly, EB-5 immigrant investor “reserved” categories remain...
Washington, DC, February 14, 2023: US Citizenship & Immigration Services today announced an improved interpretation of the age calculation for children of persons seeking US lawful permanent resident status and applying for I-485 Adjustment of Status. The new interpretation of the Child Status Protection Act of...
USCIS is extending the validity of Permanent Resident Cards (also known as Green Cards) for petitioners who properly file Form I-751, Petition to Remove Conditions on Residence, or Form I-829, Petition by Investor to Remove Conditions on Permanent Resident Status for 48 months beyond the...
On January 18, 2023, Immigration, Refugees and Citizenship Canada (IRCC) invited a total of 5,500 Express Entry candidates to apply for permanent residence in its 2 nd All Program draws for this year. The minimum Comprehensive Ranking System (CRS) cut-off dropped to 490 Points. Candidates from...
