International Entrepreneur Rule almost gone

[tacobell fan]

05/03/2018: OMB Approved on 05/02/2018 Proposed Rule of Rescission of International Entrepreneur Rule

• This proposed rule to rescind International Entrepreneur Rule has gone through an unusual course of difficulties and delays ever since the Trump Administration decided to rescind this rule which was enacted and about to take effect in July 2017. Trump Administration then decided to suspend this rule, even before it was implemented for a day, and enact a final rule to delay effective date of the rule to March 2018. And then, Trump Administration introduced this "proposed" rule to rescind the final rule in November 2017. Since then it has taken almost close to six months for the OMB to approve the proposed rule. Considering the fact that usually OMB takes upto 90 days (three months) to decide any proposed rule, it has gone through an unusual delay at the stage of proposed rule making. As readers may recall, not too long ago, OIRA has a meeting with stakeholders to hear their opinions. Stakeholders strongly opposed rescission of the rule, but VOILA! OMB approved the proposed rule yesterday. The Rescission Proposed Rule is expected to be published in the federal register soon. Please stay tuned.

Source: immigration-law.com 

[tennisluvr]

Hmm but isn't this beneficial to them, even in the short term

[tacobell fan]

Just now, tennisluvr said:

Hmm but isn't this beneficial to them, even in the short term

Evariki bro? Gov? 

[Demigod]

1 minute ago, tennisluvr said:

Hmm but isn't this beneficial to them, even in the short term

analysis shows it didnot have that much economical impact as they expected anta ekkado blog lo chadiva...

[tacobell fan]

Just now, Demigod said:

analysis shows it didnot have that much economical impact as they expected anta ekkado blog lo chadiva...

Its a huge fraud. I met an attorney to see if I can apply. Insights are really shocking. A Russian man invested 500k and the company who took that investment filed bankruptcy. If you are willing to lose 500k on bad bet, then one can try. Lot of Chinese and Russian investors are ready to lose 500k. For us it's half a life money.

[tennisluvr]

Maybe they are afraid of the rich Chinese investors taking over entire cities 

[tennisluvr]

2 minutes ago, tacobell fan said:

Its a huge fraud. I met an attorney to see if I can apply. Insights are really shocking. A Russian man invested 500k and the company who took that investment filed bankruptcy. If you are willing to lose 500k on bad bet, then one can try. Lot of Chinese and Russian investors are ready to lose 500k. For us it's half a life money.

@ronitreddy ki ivi peanuts

[boeing747]

lawyers ki full pandaga idi unnantha kaalam

[Demigod]

5 minutes ago, tacobell fan said:

Its a huge fraud. I met an attorney to see if I can apply. Insights are really shocking. A Russian man invested 500k and the company who took that investment filed bankruptcy. If you are willing to lose 500k on bad bet, then one can try. Lot of Chinese and Russian investors are ready to lose 500k. For us it's half a life money.

mostly they are investing in real estate projects anta..asians main ga..so the govt is arguing real estate loki investment ela aina vastai it need not be from EB5 ani vadistunnaru..

[Tejas99]

This is not EB5; the rule you mentioned here is for a different visa for Entrepreneurs and start-ups

[Demigod]

2 minutes ago, Tejas99 said:

This is not EB5; the rule you mentioned here is for a different visa for Entrepreneurs and start-ups

yeah TS confuse ayyindemo kani..EB5 also they wanna stop anta..

[tacobell fan]

17 minutes ago, Tejas99 said:

This is not EB5; the rule you mentioned here is for a different visa for Entrepreneurs and start-ups

EB5 proposal is to double the investment. You're right. 

[Pumpuhaar]

[tacobell fan]

14 minutes ago, Demigod said:

mostly they are investing in real estate projects anta..asians main ga..so the govt is arguing real estate loki investment ela aina vastai it need not be from EB5 ani vadistunnaru..

This is the real issue. Anyone can create a company and say we are builders. Banks cannot grant them loans just based on their claim. For instance, if you are planning a highrise costs $100m, banks can only loan half, and the actual builder may not have remaining $50m and they will look for investors. That's where the International Entrepreneur comes into scene. It is not necessary that all of the investors choose this route but most of them because when you apply for EB5 you need to show 10 FT employees on payroll which is very tough for every investor so they adapt to lend it to big builders. Now the builder says he will either repay in 5 years with 1% interest. If you really calculate it's a huge loss in case your real intention is to invest. Or Builder can tell project is taking longer than expected and increase the repayment terms to additional 10 years. or Builder can scrap the project. It's a huge risk. 

 

The Regional center is the one who takes investor money and lend to anyone who need. They are then responsible for all paperwork. This regional center in Miami is closed. 

 

https://therealdeal.com/miami/2018/04/26/miamis-eb-5-regional-center-to-shut-down/