US Clarifies EB-5 Amid Continued Chinese Demand

Law360, Los Angeles (August 11, 2015, 8:47 PM EDT) -- A policy memorandum earlier this week from U.S. Citizenship and Immigration Services provides much-needed clarity on how the agency will treat what’s becoming a long temporal gap between an EB-5 project's completion and an investor's receipt of a green card — a gap partly driven by a continuing influx of investors from China, lawyers say.

The memo, which addresses questions of job creation and investment requirements, comes as USCIS receives criticism for its lack of clarity on just how it views jobs and investment during what’s becoming a longer and longer period of review prior to green card issuance.

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