Managing Partner Bernie Wolfsdorf was recently featured on the very first episode of the EB5 Investor’s podcast. In this insightful conversation with Ali Jahangiri, Bernie explains new program requirements since June 2nd, 2022, and gives his insight on the Behring case.
Watch the podcast here.
U.S. Citizenship and Immigration Services (USCIS) has reported struggles with delays in scheduling and re-scheduling biometrics appointments due to a combination of factors, including demand, capacity, restrictions related to the COVID-19 pandemic, and extreme weather. Below are helpful tips for applicants, in a Q&A format: What are biometrics? Biometrics may include fingerprints, photographs, and signature. They allow USCIS to confirm your identity and run required background and security checks. When do I need to provide biometrics? After you file your application, petition, or request, if biometrics are needed, USCIS will schedule your biometric services appointment at a local application support center (ASC), where your biometrics will be collected on machines designed for this purpose. USCIS will notify you by mail about your ASC appointment. USCIS will notify you if it can reuse biometrics submitted previously. What do I need to bring to my biometrics appointment? You must bring your ASC appointment notice (Form I-797C) and valid photo identification, such as your green card, passport, or driver’s license. You may also want to bring a copy of your completed application, petition, or request, as USCIS does not provide copies at appointments. What happens if my biometrics appointment was canceled due to pandemic issues? USCIS will […]
The EB-5 Regional Center program continues to lapse as the U.S. Congress sifts through legislative priorities like the President Biden’s “Build Better Back” bill, the defense budget, the debt ceiling, and others. It is beyond frustrating for many who have been waiting anxiously since June 30, 2021, for reauthorization. Bernie Wolfsdorf, WR Immigration’s Managing Partner, stated, “If the U.S. government fails to extend the program, after 30 consecutive extensions, this would adversely impact the U.S. as a reliable investment market, and we are likely to see a further steep decline in Foreign Direct Investment (FDI). FDI has recently recorded a 49% drop to an estimated $134 billion. This will ultimately impact the U.S. in many critical areas including job loss. While I am confident Congress will extend, or at least grandfathering existing immigrant investors who have followed the rules, it is difficult to understand the logic where Congress allocates 55,000 green cards in a random giveaway lottery, but immigrant investors who have put billions into the U.S. economy, and have created tens of thousands of jobs, are forgotten. Many investors have diligently saved every dollar to invest in the EB-5 program to give their children the opportunity to study and […]
