Manhattan Regional Center

+ 5월 13th, 2022Form I-956 and Form I-956H Published

On May 13, 2022, USCIS published the Form I-956, Application for Regional Center Designation on its website along with form instructions. USCIS notes that the Form I-956 should be used to request for USCIS designation as a regional center or to request an amendment to an approved regional center. After Form I-956 is approved, regional centers will need to file a project application and receive a receipt number for that application before new investors can file their I-526 petitions.

USCIS also published the Form I-956H, Bona Fides of Persons Involved with Regional Center Program, which is to be completed and submitted to supplement Form I-956 for each person involved with the regional center.

There is no information provided on processing times for the above two forms. We hope that USCIS will formally present this information soon.

MRC will be filing the abovementioned forms in the coming days, so that our investors will be able to file their I-526 petitions as soon as possible.

+ 5월 9th, 2022Congress Clarifies Legislative Intent in the EB-5 Reform and Integrity Act of 2022

On Monday, May 9, 2022, Congressional Leaders issued a letter to USCIS, which stated that requiring regional centers to go through a process to be redesignated is not required under the EB-5 Reform and Integrity Act of 2022 (“RIA”). The letter also stated that USCIS’ interpretation of the RIA and current guidance are confusing and has caused great concern in the EB-5 stakeholder community.

+ 3월 15th, 2022EB-5 RC Program Reauthorized Until 2027

On March 15, 2022, President Biden signed the omnibus appropriations bill H.R. 2471 – Consolidated Appropriations Act, 2022 which includes the EB-5 reform bill, titled the “EB-5 Reform and Integrity Act of 2022,” into law.

While we hoped and many people tried to fight like us for a $500K window, the EB-5 Reform and Integrity Act of 2022 does not provide for such an opportunity. It also does not provide for relief to the visa backlog faced by investors from Mainland China, which we will continue to advocate for.

We are disappointed that the increase in minimum investment amounts provisions would take effect on the date of enactment of the Act, while the Regional Center Program reauthorization through September 30, 2027, will take effect 60 days after enactment of the Act. As such, new I-526 petitions cannot be filed until 60 days after March 15, 2022 (i.e., May 14, 2022).

However, we applaud everyone for their efforts to achieve a 5-year reauthorization of the EB-5 Regional Center Program, which will provide stability to the industry for the next 5 years and includes integrity measures and changes to the RC Program that will have significant positive impact for investors and the industry.

+ 12월 17th, 2021MRC Receives I-829 Award from IIUSA

Our regional center has been verified to receive the award:

+ 6월 30th, 2021EB-5 Regional Center Program Lapse

On June 30, 2021, the EB-5 Regional Center Program has lapsed, because it has not been reauthorized. At this point, MRC will be devoting ourselves to lobbying efforts in hopes to help secure reauthorization of the EB-5 Regional Center Program as soon as possible. We believe that the EB-5 Regional Center Program is the best visa for the United States. If EB-5 is properly done (the way the Program was intended to), it is a win-win-win solution for 1) the U.S. government to build the U.S. economy, 2) investors who want to immigrate to the U.S., and 3) honest and capable developers who find it beneficial to use EB-5 capital. We believe that reauthorization will happen; it is just a matter of when it will happen. By dedicating ourselves to the lobbying efforts, we hope we can have a hand in making this happen more quickly.

+ 6월 22nd, 2021EB-5 Immigrant Investor Program Modernization Final Rule Vacated

On June 22, 2021, the judge in the Behring lawsuit issued an Order to vacate the EB-5 Immigrant Investor Program Modernization final rule, which became effective on November 21, 2019. This means that the minimum EB-5 investment for TEA projects is back to $500K immediately. It is likely that due to the outcome of this lawsuit, Congress will let the EB-5 Regional Center Program lapse while it finalizes and passes a comprehensive EB-5 reform bill that will most likely include increasing the minimum investment amount again. As such, for investors who want to invest at the $500K, this may be the last chance for them to do so prior to June 30th!

+ 6월 16th, 2021MRC Speaks at IIUSA Webinar on East Asia

On Wednesday, June 16, 2021, Manhattan Regional Center was one of the sponsors and panelists at IIUSA’s Investor Market Webinar Series East Asia. Mr. Alvin Wong, our Chief Operating Officer, spoke about updates and opportunities for the EB-5 Regional Center Program, including reauthorization efforts, post-COVID and project outlook, and investor demographics. Mr. Wong shared about his recent travel to Asia and reassured attendees that he sees a strong demand for EB-5 not only in the Asian countries, but everywhere else.

+ 5월 7th, 2021MRC Speaks at Virtual Expo South America

n May 6, 2021, Ms. Winnie Ng, Chief Executive Officer & Chief Counsel of the Manhattan Regional Center, spoke at the 2021 Virtual EB-5 & Uglobal Immigration Expo Global RCBI Markets & South America. She spoke with other experienced immigration attorneys on the panel “EB-5 in 2021: Early and Projected Impacts of The New Biden Administration on EB-5 Processes and Timelines.” Discussions topics included bill S. 831, the EB-5 Reform and Integrity Act of 2021, which was introduced by U.S. Senators Chuck Grassley (R-Iowa) and Patrick Leahy (D-Vt.), and the Citizenship Act of 2021. Ms. Ng expressed optimism about the future of EB-5 and about the new Biden Administration’s pro-immigration approach. She also foresees more positive changes to the EB-5 program, including reauthorization in the near future.

+ 3월 30th, 2021MRC Speaks at IIUSA Webinar on Brazil

On March 30, 2021, Manhattan Regional Center was one of the panelists at IIUSA Investor Market Webinar Series: Brazil & Latin America and spoke about new proposed EB-5 legislation that among other things provides for active participation of fund administrators adding to the transparency and security for the investors. Please click here to view the EB-5 Reform and Integrity Act of 2021.

+ 3월 4th, 2021MRC Speaks at IIUSA Webinar on Russia & CIS

On March 4, 2021, Manhattan Regional Center was one of the panelists at IIUSA Investor Market Webinar Series: Russia & CIS and spoke on 2021 investor market trends and due diligence stressing the importance of transparency in the regional center activities and protecting the interests of the investors.

+ 2월 11th, 2021MRC Speaks on 2021 Investor Market Trends at IIUSA Webinar

On February 11, 2021, Manhattan Regional Center was one of the panelists at IIUSA Investor Market Webinar Series: India & South Asia and spoke on investor market trends and due diligence: challenges and opportunities in 2021, outlook for the Biden administration, and conducting project due diligence for investors.

+ 12월 28th, 2020EB-5 Program Extended until June 30, 2021

On December 18, 2020, the Congress passed and the President signed a continuing resolution H.J.Res.107) to fund the government (including the EB-5 Program) from December 18 until December 20. Further continuing resolutions extended the government funding from December 20 until December 21 (H.J.Res.110 — became law on December 20, 2020) and from December 21 until December 28 (H.R.1520 – became law on December 22, 2020).

Please also be informed that on December 21, 2020, the House passed Consolidated Appropriations Act, 2021, which was later passed by Senate on December 22, which includes extension of the EB-5 program through June 30, 2021. The bill was signed by President Trump on December 27 and became public law. Please click here to view the text of the Act.

+ 10월 1st, 2020EB-5 Program Extended until December 11, 2020

On September 30, 2020 the Senate approved a continuing resolution to fund the government (including the EB-5 Program) from September 30 until December 11, 2020, which the President signed on October 1, 2020. As such, the EB-5 Regional Center Program has been officially extended until December 11, 2020.

+ 8월 28th, 2020MRC Receives 526 Award from EB5investors

Our regional regional center has been verified to receive the award:

+ 7월 24th, 2020USCIS Policy Manual Update regarding Redeployment

On July 24, 2020, USCIS issued an important Policy Manual update that provides long-awaited guidance affecting capital redeployment after the initial capital deployment has been returned to the new commercial enterprise (NCE). Key points to note from this update include:

– Redeployment must be through the same NCE and Regional Center, but does not need to be through the same job creating entity (JCE)

– Redeployment must be within the geographic area of the same Regional Center, but does not need to remain in a targeted employment area (TEA)

– Redeployment can be into any commercial activity that is consistent with the purpose of the NCE

– Redeployment should occur within 12 months to be considered “a reasonable amount of time to further deploy capital” but USCIS will consider evidence showing that a longer period was reasonable

– The purchase of financial instruments traded on secondary markets generally does not satisfy USCIS requirements for initial and further deployment of capital.

For more information, please see Volume 6, Chapter 2 of the Policy Manual.

+ 7월 14th, 2020Trump’s Executive Order on Hong Kong

On July 14, 2020, President Trump issued an Executive Order to “suspend or eliminate different and preferential treatment for Hong Kong.” The President determined that the Special Administrative Region of Hong Kong is no longer sufficiently autonomous to justify differential treatment in relation to the People’s Republic of China. It means that EB-5 investors who were born in Hong Kong are subject to the Mainland China retrogression line and need to wait for their EB-5 visas to be issued. The Executive Order goes into effect 15 days after issuance unless it is rescinded, amended, or Congress passes legislation to override this Executive Order.

However, the latest August Visa Bulletin had not indicated that Hong Kong-born investors are treated as part of the Mainland China-born yet. As such, it appears that Hong Kong-born investors who have received their I-526 approvals may apply for consular processing or adjustment of status in August.

Please also note that according to the website for the U.S. Consulate General Hong Kong and Macau, it has resumed limited immigrant and nonimmigrant visa services. We hope that investors from Hong Kong can schedule their interviews at the consulate before the Executive Order takes effect.

+ 6월 16th, 2020IIUSA Discussion with Charlie Oppenheim – Update

On June 16, 2020, Mr. Charlie Oppenheim, Chief, Visa Control and Reporting Division, U.S. Department of State, spoke at the IIUSA webinar and had some important updates about visa usage this fiscal year, the possibility of continuing to have forward movement for visa backlogged countries (India is now current!), and allocating at least 4200 more EB-5 visas for the next fiscal year. He also indicated that Hong Kong will continue to be treated as an independent country on the visa bulletin unless an act of legislation changes this. He also indicated that his previous projections about the time for new applicants to wait in line for a visa was wrong for India, which is the reason why India is now current, and he does not think it will be facing any visa backlog in the near future. This statement also implies that his projections about the wait times for Mainland China and Vietnamese applicants were also wrong. These are very exciting news for us and for the industry.

+ 4월 28th, 2020I-526 Approvals in Record Time for the Manhattan 11th Ave Marriott Hotel Project

As of April 28, 2020, we have received twenty-five (25) I-526 Approval Notices for our investors in Manhattan 11th Ave Marriott Hotel Project, with an average processing time of 8.5 months and the shortest processing time as 4.6 months!  We have been informed that our project’s quick processing times have helped many law firms break their record of the shortest I-526 approval time!

Many Congratulations to our investors and their families!

Please see below for a breakdown of the average processing times by country:

We are very happy to see that USCIS has been prioritizing adjudication of our project’s I-526 petitions, including petitions from Mainland China!  We look forward to receiving approvals for the rest of our investors in this project soon!

+ 11월 21st, 2019New EB-5 Rule Now Effective

The EB-5 Immigrant Investor Program Modernization Final Rule is now effective, as of November 21, 2019. Please click here to see the text of the new rule. We are in the process of finalizing the project documents for our upcoming project, which qualifies as a $900,000 Targeted Employment Area (TEA) project under the new rule’s TEA definition.  Please stay tuned for more information about our exciting new project!

+ 11월 20th, 2019Two MRC EB-5 Projects Closed

On November 20, 2019, we successfully closed two projects: 1) Manhattan 11^th Avenue Marriott Hotel Project and 2) LaGuardia AC by Marriott Hotel Project.  We are grateful to everyone who has supported us in the marketing of these projects! Congratulations to all our investors who obtained a spot in these projects and successfully filed their I-526 petitions before the price increase!  Construction of these projects is going well.  We look forward to inviting everyone to the Grand Opening of these hotels in the near future!

+ 11월 12th, 2019Manhattan 10th Avenue Courtyard by Marriott Hotel Opened Its Doors

On November 12, 2019, our Manhattan 10^th Avenue Courtyard by Marriott Hotel Project has completed construction, and the hotel has opened its doors for operations! Please click here to view the video.

+ 10월 28th, 2019MRC Receives IIUSA I-829 Award

On October 28, 2019, MRC was one of the thirteen recipients of the IIUSA I-829 Approval Award, which recognizes our success in receiving I-829 approvals during 2018-2019.  In particular, we have received I-829 approvals for three of our projects: 1) Brooklyn Boulevard Assisted Living Project, 2) The Charles Luxury Condo Project, and 3) Broadway 4D Times Square Theater Project.

We are proud of this achievement, which recognizes our effort in putting our investors’ immigration success as our top priority.

Please click here to read the IIUSA article about the I-829 Award Ceremony.

+ 8월 20th, 2019Our First I-526 Approval Notice for the Manhattan 11th Ave Marriott Hotel Project Received

This week, we received our first I-526 Approval Notice for the Manhattan 11th Ave Marriott Hotel Project. No RFE at all, straight approval in around 18.2 months! This is much faster than the 3-4 years USCIS published averaging processing time today. We expect that other investors’ approvals will soon follow and processing time should be even shorter than the first I-526 approval. Congratulations, Ms. Deng! 

+ 8월 14th, 2019LaGuardia AC by Marriott Hotel Project Top-Out

On August 14, 2019, we achieved a major milestone for the LGA Project. We are officially topped out.

+ 3월 29th, 2019One hundred (100) I-526 Approvals for Manhattan 10th Avenue Courtyard by Marriott Hotel Project

As of March 29, 2019, a total of 100  investors of the Manhattan 10th Avenue Courtyard by Marriott Hotel Project had their I-526 petitions approved. The shortest processing time was 10 months! Congratulations to our investors!!!

+ 10월 17th, 2018I-924 Exemplar Approved for Manhattan 11th Ave Marriott Hotel Project

On October 17, 2018, our Regional Center has received the 11th Ave project’s I-924 exemplar approval! It took just under 9 months for the exemplar to get approved. We believe this will make it faster for our investors to receive their I-526 approvals.

+ 10월 4th, 2018Early Return of Investor Funds for Brooklyn Blvd Assisted Living Project

We are one of the first regional centers to have a project that has paid investors back early – meaning, not requiring investors to wait until their I-829 petitions are approved (this was what USCIS required before June 14, 2017). For our Brooklyn Blvd Assisted Living Project, we repaid 35 out of the 36 investors who completed their 2-year conditional green card period (the “Sustainment Period” per the revised USCIS Policy Manual). We paid them back their capital contribution plus preferred return before their I-829 petitions were approved. 14 investors have now I-829 Approvals! (updated on August 28, 2019)

+ 8월 27th, 2018Over 50% of I-526 Approvals Received for the Manhattan 10th Avenue Courtyard by Marriott Hotel Project

As of August 27, 2018, over 50% of our EB-5 investors for the Manhattan 10th Avenue Courtyard by Marriott Hotel Project have received I-526 approvals! Many of our investors received their approvals well ahead of the current average I-526 case processing time of 18 to 24 months.  The shortest processing time so far is 10 months! Congratulations to our investors and their families!!!

+ 6월 1st, 2018Thirty-Eight (38) I-526 Approvals for Manhattan 10th Avenue Courtyard by Marriott Hotel Project

As of June 1, 2018, a total of 38 investors of the Manhattan 10th Avenue Courtyard by Marriott Hotel Project had their I-526 petitions approved. It took as little as 11.9 months for one of our investors to obtain approval, while the current estimated I-526 processing time range is 20 to 25.5 months (USCIS Case Processing Times Information Page). Congratulations to our investors!!!

+ 4월 23rd, 2018Final Action Date for Vietnam Announced

According to the recent U.S. Department of State Visa Bulletin, as of May 1, 2018, only those approved Vietnamese EB-5 investors under the Regional Center Pilot Program whose EB-5 petitions were filed earlier than July 22, 2014 will be able to proceed with the processing of their immigrant visa applications.  

+ 3월 29th, 2018Six More I-526 Approvals for Manhattan 10th Avenue Courtyard by Marriott Hotel Project

On March 29, 2018, MRC received the six more I-526 approvals for the Manhattan 10th Avenue Courtyard by Marriott Hotel Project! Congratulations to our investors!  All 10 investors who received I-526 approvals so far did not receive any requests for evidence and were approved within 15-18 months, which is under the current processing time of over 24 months!

+ 3월 27th, 2018First Four I-526 Approvals for Manhattan 10th Avenue Courtyard by Marriott Hotel Project

On March 27, 2018, MRC received the first four I-526 approvals for our investors in the Manhattan 10th Avenue Courtyard by Marriott Hotel Project, establishing investors’ and their family members’ eligibility for classification as EB-5 immigrant investors. Congratulations to our investors!

+ 3월 23rd, 2018EB-5 Program Extended to September 30, 2018

On March 23, 2018, President Trump signed a $1.3 trillion spending bill which includes extension of the EB-5 Regional Center Program until September 30, 2018.  While proposed legislation almost passed this time, no changes have been made to the program yet.  The minimum investment amount is still $500,000 in a targeted employment area (TEA).

+ 1월 25th, 2018Six I-829 Approvals for the Charles Condo Project

On January 25, 2018, MRC received the first I-829 approval for The Charles Condo Project, granting status of the unconditional lawful permanent resident of the United States for the investor as well as the investor’s spouse and children. Following our first success, five more investors have obtained their I-829s approvals to date. This project was successfully completed and the required number of jobs had been created.  The condominiums were sold and the EB-5 loan was repaid early.

+ 4월 5th, 2016First I-526 Approval for LaGuardia AC by Marriott Hotel Project

MRC Receives First I-526 Approval for LaGuardia AC by Marriott Hotel Project.

+ 5월 13th, 2015Updated 2015 TEA letters!

MRC Receives 2015 TEA (Targeted Employment Area) Project Letters from New York State Department of Economic Development.

+ 5월 5th, 2015Discover NY Project closes

Discover NY closes 16 million (32 investors).

+ 4월 23rd, 2015More USCIS CPR Approvals

4 Conditional Permanent Resident (CPR) Approvals from USCIS.

+ 3월 19th, 2015First CPR Approvals for Brooklyn Boulevard Assisted Living Project

First USCIS Conditional Permanent Resident (CPR) project approvals.

+ 7월 23rd, 2014(English) LaGuardia AC by Marriott Hotel Launches in Shanghai!

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+ 6월 27th, 2014(English) Wall Street Holiday Inn closes!

+ 5월 13th, 2014(English) I-526 Approval for Brooklyn Boulevard Assisted Living Project

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+ 4월 3rd, 2014(English) Broadway 4D

Manhattan Regional Center receives first 15 I-526 approvals for Broadway4D

+ 12월 12th, 2013(English) Discovery NY

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+ 3월 16th, 2013(English) WS Holiday Inn Seminar

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+ 2월 27th, 2013(English) Wall Street Holiday Inn

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+ 11월 30th, 2012(English) WS Holiday Inn Launches

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+ 10월 17th, 2012(English) MRC assigned Motion Picture and Video Amendment (NAICS 5121)

+ 10월 12th, 2012(English) Motion Picture and Video Amendment NAICS 5121

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+ 7월 8th, 2012(English) New Video for Broadway 4D Project

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+ 7월 7th, 2012(English) “The Charles” Launches

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+ 5월 26th, 2012(English) Broadway 4D Launches

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+ 3월 26th, 2012(English) Broadway 4D Theater Launched with Westlead Capital Inc.

+ 3월 19th, 2012(English) Brooklyn Boulevard Assisted Living Project launched in Xi’an

+ 3월 9th, 2012(English) Brooklyn Boulevard Assisted Living Project Launches

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+ 2월 25th, 2012(English) Shanghai Investment Conference with Wailian

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+ 7월 3rd, 2011(English) MRC presentation to investors in Beijing with Henry Global

+ 7월 2nd, 2011(English) MRC presentation to investors in Kunming with Henry Global

+ 7월 1st, 2011(English) MRC presentation to investors in Guangzhou with Henry Global

+ 6월 30th, 2011(English) MRC presentation to investors in Ningbo with Henry Global

+ 6월 29th, 2011(English) MRC presentation to investors in Suzhou with Henry Global

+ 6월 28th, 2011(English) MRC presentation to investors in Nantong with Henry Global

+ 6월 26th, 2011(English) MRC presentation to investors in Wuhan and Changsha with Henry Global

+ 6월 25th, 2011(English) MRC presentation to investors in Qingdao with Henry Global

+ 6월 24th, 2011(English) MRC presentation to investors in Weihai and Yantain with Henry Global

+ 6월 23rd, 2011(English) MRC presentation to investors in Jinan with Henry Global

+ 6월 22nd, 2011(English) MRC presentation to investors in Beijing with Henry Global

+ 6월 2nd, 2011(English) MRC presentation to investors in Zhuhai with Henry Global

+ 6월 1st, 2011(English) MRC presentation to investors in Shenzhen with Henry Global

+ 5월 31st, 2011(English) MRC presentation to investors in Guangzhou with Henry Global

+ 5월 30th, 2011(English) MRC presentation to investors in Kunming with Henry Global

+ 5월 29th, 2011(English) MRC presentation to investors in Nanjing and Wuxi with Henry Global

+ 5월 26th, 2011(English) MRC presentation to investors in Qingdao with Henry Global

+ 5월 25th, 2011(English) MRC presentation to investors in Harbin with Henry Global

+ 5월 24th, 2011(English) MRC presentation to investors in Shijiazhuang with Henry Global

+ 5월 23rd, 2011(English) MRC presentation to investors in Beijing with Henry Global

+ 5월 12th, 2011(English) Manhattan 10th Avenue Courtyard by Marriott Project

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+ 1월 5th, 2011(English) Manhattan Regional Center receives approval by USCIS

On January 5, 2011, USCIS designated Manhattan Regional Ceпter as а Regional Center within the Immigrant Investor Pilot Program.