February 6, 2012
EB-5 visa use booms; ex-elected officials cash in; immigrant investor funding eyed for sports facilities in Sacramento, Oakland
Atlantic Yards Report
EB-5 is all over the news these days, in terms of record-breaking statistics, new opportunities to deploy immigrant investor funds, former elected officials cashing in, and some questionable deals.
The Association to Invest In the USA (IIUSA), the trade association for the EB-5 Regional Center Investment Pilot Program, on 2/1/12 celebrated a new peak in investment immigration....
Atlantic Yards Report, New cautions from China about EB-5 investments (taxes, investment risk)
Even as EB-5 business--and the ambition behind it--continues to grow, there's new caution in China about the benefits and costs of EB-5 investments, in which a $500,000 investment in a purported job-creating enterprise brings green cards for the immigrants and their families.
In a 1/10/11 article headlined Expats in US pay high price, China Daily reported some pitfalls, given that not only must residents pay taxes on worldwide income, there are new reporting requirements....
Posted by eric at February 6, 2012 11:12 AM