Roy Carrasquillo will be participating in the panel “Redeployment: How the Policy Manual Update Affects Current and Future Investors & Projects” on November 12, 2020 at the IIUSA Virtual EB-5 Industry Forum. October 25, 2020

Roy Carrasquillo, Chair of CLG’s EB-5 Immigrant Investor Program Services and Compliance Practice Group will be joining other distinguished EB-5 stakeholders in the panel “Redeployment: How the Policy Manual Update Affects Current and Future Investors & Projects” on November 12, 2020 during the “2020 IIUSA Virtual EB-5 Industry Forum.”

After years of waiting, on July 24, 2020 the U.S. Citizenship and Immigration Services (“USCIS”) issued a policy alert clarifying policy guidance in the USCIS Policy Manual regarding redeployment of investment capital, including further deployment after the job creation requirements are satisfied.  This new guidance addressed issues such as how long does the NCE has to redeploy the funds and what is required to satisfy USCIS’s requirements.

“Although we finally received guidance from USCIS on the issue of redeployment, it is important that investors, regional centers and developers understand how these new guidelines will affect existing and future EB-5 projects, as failure to comply with these new requirements may result in the denial of an investor’s immigration application” said Roy Carrasquillo, Chair of CLG’s EB-5 Immigrant Investor Program Services and Compliance Practice Group.

The EB-5 Industry Forum is the year’s premier EB-5 conference focusing on providing in-depth education and business development on a global scale.  Hundreds of EB-5 industry stakeholders are expected to participate virtually in this event which will cover featured topics ranging from Economic Development Finance to Opportunity Zones/NMTC, Securities Law, and more.  IIUSA is the national, membership-based 501(c)(6) not-for-profit industry trade association for the EB-5 Program.

CLG’s EB-5 Immigrant Investor Program Services and Compliance practice is a multidisciplinary group of attorneys drawn from our Securities, Immigration, Real Estate, Taxes and Litigation practice areas, who provide an integrated approach for clients with matters involving the EB-5 Program  Our EB-5 team has experience obtaining USCIS Regional Center designation for project pre-approvals and amendments (Form I-924) and Annual Reporting (Form I-924A). Our EB-5 immigration team also has experience centralizing and reviewing I-526 petitions for sources of funds on behalf of regional centers and/or issuers to ensure compliance with the EB-5 Program, as well as filing and reviewing I-526 and I-829 petitions on behalf of individual investors.

If you would like to attend the 2020 IIUSA Virtual EB-5 Industry Forum, you can use the following link and benefit from CLG’s sponsor discount:

Please utilize this link to secure the discount.