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Green and Spiegel - An Immigration Law Firm

The Immigrant Investor Blog

May 7, 2019

EB-5 Quota Backlog Updates: India Spikes to 8.4 Years; Vietnam Holds Steady

Matthew Galati

Roughly six months ago Green and Spiegel provided DHS’ Chief of the Visa Control and Reporting Division Charles Oppenheim’s EB-5 quota backlog projections. The numbers provided key insights for many, especially those weighing EB-5 who have children that might “age out” due to long visa queues. Today Mr. Oppenheim provided an important update. Learn more in this blog.

Apr 12, 2019

Matthew T. Galati Wins Legal Intelligencer 2019 Professional Excellence Award

Matthew Galati

Green and Spiegel congratulates Matthew T. Galati, who has just received a 2019 Professional Excellence Award and named a “Lawyer on the Fast Track” by The Legal Intelligencer.

Apr 11, 2019

Israeli E-2 Visas Confirmed for May 1, 2019

Matthew Galati and Benjamin S. Green

The Israeli E-2 visa will soon become a reality. As reported by our office in late March, the long-awaited treaty investor agreement between the United States and Israel was expected to become effective in just few short weeks. As an update, the U.S. Embassy has now confirmed that Israeli E-2 visa applications will be accepted as of Wednesday, May 1, 2019. Learn more in this blog!

Apr 2, 2019

EB-5 Visa Demand Slows in Early 2019; Launching Vietnam Forward and Calling Into Question Whether India Retrogression Will Take Effect This Fiscal Year

Matthew Galati

Last fall, we covered perhaps the most important EB-5 development of the year,DOS’ Chief of the Visa Control and Reporting Division Charles “Charlie” Oppenheim’s projections for various countries’ EB-5 visa backlog times, based on an October 2018 filing. Of particular note were longer than expected wait times for Mainland China and Vietnam, and a warning to the industry to brace for India’s backlog to begin “no later than July 2019.”However, more recent data calls these projections into question. Learn more in this blog.

Apr 2, 2019

2018: A Record Year for Grenada Citizenship by Investment

Benjamin S. Green

Grenada’s Citizenship by Investment Programme allows individuals and their families to obtain citizenship or permanent residence for the island country through making investments in the local economy. Investors dismayed by longer wait times or onerous financial commitments in other countries have increasingly looked to Grenada as a viable option for them and their families. Learn more in this blog.

Apr 2, 2019

Grenada Citizenship by Investment Programme Opens New Tourism Pricing Reduction

Benjamin S. Green and Matthew Galati

Grenada’s Citizenship by Investment Programme makes it possible for those who invest in Grenada’s economy or real estate development to gain citizenship, and the associated benefits that come with it such as a relatively powerful passport and the potential E-2 visa availability. Now, the ability for certain investors to realize this potential opportunity will be less expensive. Learn more in this blog.

Mar 20, 2019

The Israeli E-2 Visa Is Expected to Go Live on May 1, 2019

Matthew Galati

We have tracked the roll-out of the Israeli E-2 visa for several years. Implementation may finally take effect in just six weeks’ time, according to the Israeli office of Population and Immigration Authority (PIBA). Learn more in this blog.

Feb 28, 2019

Matthew Galati Quoted in Bloomberg Law Article EB-5 Regulations at OMB

Matthew Galati

On Feb. 25, 2019, Matthew Galati, who leads Green and Spiegels U.S. Investors and Entrepreneurs Division, was quoted in “Immigrant Investor Visa to See Regulatory Changes Soon,” printed by Bloomberg ​Law. Read the full article here.

Feb 25, 2019

New EB-5 Regulations Expected Soon as USCIS Finalizes Rule and Sends Text to OMB

Matthew Galati

For over two years, we’ve extensively covered USCIS’ proposed EB-5 Modernization Rule. On Friday, February 22, USCIS formally completed its revisions to the proposed rule via the notice and comment process, sending its draft of the Final Rule to the Office of Management and Budget (OMB). There is no published timetable for OMB’s assessment and publishing of the Final Rule into the Federal Register. Learn more in this blog.

Feb 22, 2019

Green and Spiegel Takes Dubai!

Matthew Galati and Benjamin S. Green

On February 10th and 11th, Green and Spiegel EB-5 Section Head Matthew Galati and Associate Benjamin Green attended the UGlobal Immigration Expo in Dubai. Read about the full event recap here.

Feb 15, 2019

Amidst Border Wall ‘Emergency,’ President Signs Legislation Extending EB-5 Regional Center Program to Sep. 30, 2019

Matthew Galati

On Thursday, February 14, 2019, the United States House and Senate passed funding legislation re-authorizing vital immigration programs including the EB-5 Regional Center Program through September 30. The omnibus measure, titled HJ Res 31, spans over 1,000 pages and contemplates many governmental functions. Learn more in this blog.

Jan 28, 2019

Back in Business: Government Reopens, EB-5 Regional Center Program Revived

Matthew Galati

On Friday January 25 — a chaotic day plagued by major air travel delays amidst affected government employees leaving work due to missed wages...

Jan 15, 2019

Vietnam Officially Added to CPTPP, and Potential Benefits to Investors Follow

Benjamin S. Green

The Government of Canada has officially updated program delivery instructions for business visitors and investors holding Vietnamese passports, given that the Comprehensive and Progress Trans-Pacific Partnership (CPTPP) for Vietnam entered into force on January 14, 2019. Read the full blog to learn more.

Jan 14, 2019

EB5Investors Magazine Names Matthew T. Galati a Top 25 Immigration Attorney

Matthew Galati

Congratulations to Matthew T. Galati for being named a Top 25 Immigration Attorney by EB5Investors Magazine in January 2019 for his experience, reputation, and passion.

Jan 11, 2019

Employment-Based I-485s: Ability to Use the Earlier Date for Filing Charts May Come to a Close

Matthew Galati and Benjamin S. Green

Back in September, United States Citizenship and Immigration Services (“USCIS”) was allowing applicants to file their I-485 applications for adjustment of status in both the employment-based and the family-based categories according to the earlier-in-time Filing Date Charts. Put another way, USCIS has been accepting Form I-485 filings for all prospective qualifying immigrants before a visa number is technically available. Green and Spiegel has been filing our clients’ files in light of this change for months, however, it appears that this will shortly come to an end. Learn more here.

Dec 27, 2018

Government Shutdown: USCIS Still Accepting Investors’ I-526 Filings Despite Lapse

Matthew Galati

On Friday, December 21st, 2018, Congress adjourned without reaching an agreement on a government spending deal, resulting in a partial government shutdown. There were a number of sunsetting immigrant programs relying on Congress’s reauthorization by the midnight expiration deadline, including the EB-5 Immigrant Investor Regional Center Program.

Dec 17, 2018

Investors Eye U.S. Visas as Cure to Brexit Economic Fears

Matthew Galati

Since the first referendum vote in June 2016, the UK government has been dealing with an arduous and controversial process of exiting the European Union (EU). Brexit is expected to officially happen on March 29, 2019. What that exit looks like on a national and international context is fueling great anxiety for our prospective clients, particularly with regard to the future economic uncertainty in the UK’s business and investing sector.

Dec 6, 2018

Congress Passes EB-5 Regional Center Extension to Dec. 21; Measure Heads to President’s Desk

Benjamin S. Green

Early Thursday, both houses of Congress passed a short-term spending bill that would extend the EB-5 regional center program and other immigration programs requiring reauthorization to December 21, 2018. The House and Senate passed the legislation by voice vote after cancelling roll call votes this week, affected by the State funeral and National Day of Mourning for President George H.W. Bush. The bill is now being sent to President Trump for his signature.

Oct 31, 2018

Department of State Gives EB-5 Backlog Projections and Anticipates Cutoff Dates

Matthew Galati

At the AILA / IIUSA joint conference on October 30, 2018, DHS’ Chief of the Visa Control and Reporting Division Charles Oppenheim gave his projections regarding wait times that families subject to the EB-5 visa backlog might face. His presentation provided the most up-to-date projections available based on current information. The numbers provide key insights for many, especially those weighing EB-5 who have teenage children that might “age out” due to long visa queues.

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Oct 28, 2018

Might This Be ‘Last Call’ for $500,000 EB-5?

Matthew Galati

Real talk: let me start this blog by admitting, “Yeah, I know you’ve heard this before.” The EB-5 industry has been saying it fo...