Lake Point EB-5 Sees 1st Six Month I-526 Approval! Congratulations to our newest Lake Point Capital Partners EB-5 investor from Vietnam, whose I-526 was approved by USCIS in a blazing six months (no RFE, of course.) USCIS EB-5 team: you rock and we are very grateful for your efforts, aware as we are of the extraordinary workload pressures you continue to face. Late last summer, when our first I-526 petition was finally approved after languishing at USCIS for over 18 months, “jubilation” hardly begins to express what we felt here at Team Lake Point. I can only imagine what those first approvals felt like for our pioneer Limited Partners, who patiently watched 8 months turn to 12 turn to 18…talk about blind faith! These days, it seems a new Lake Point EB-5 approval arrives almost weekly, but it never gets old nor is the joy dim…
Canada Kills Immigrant Investor Program, Refunding Pending Cases It looks like the U.S. EB-5 Program is getting an unintentional boost from our neighbors to the North: Canada has just announced that it is ending its Investor Visa program, which has been extremely popular in China and proved an insurmountable adversary to the more encumbered, complex EB-5 investor visa offered by the United States. Calling the program a failure, Canada announced the closure of the program without much fanfare, stating as follows: “To eliminate the existing backlog, which is diverting resources away from better performing economic immigration streams, the Government intends to return applications and refund associated fees paid by certain federal Immigrant Investor Program and Entrepreneur Program applicants…” According to our Asia teams, this will represent a flood o… Continue Reading →