新的EB-5规则要求投资者谨慎行事

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10月11日,负责监督移民的美国联邦机构美国公民及移民服务局(USCIS)发布了期待已久的美国投资居留计划EB-5所需的投资期限(称为 “维持期”)指南。

该指导方针指出,投资者可能在投资短短两年后收回所需的80万美元资本。尽管EB-5领域的许多人一直在等待移民局澄清维持期要求,但10月11日移民局的政策留下了许多悬而未决的问题,包括该指南本身是否是根据美国法律要求的适当程序发布的。

《官方规约》


随着2022年3月15日《2022年EB-5改革和诚信法案》(“RIA)” 的通过,有关EB-5的官方法规已更新。与管理任何官方法规的联邦机构一样,移民局必须根据禁止的程序制定正式法规。只有在正式的规则制定程序(需要公共通知和评论程序)之后,法规才会成为管理法律的规则。

尽管EB-5计划的参与者一直在要求USCIS发布指导和法规,但尚不清楚USCIS是否具有修改现有规则的法律权力,除非遵守规则制定程序。在可以将现行法规理解为符合新法规的情况下,例如维持期,尤其如此。

混乱的原因


造成这种混乱的原因是新法律本身的法定措辞。法律要求潜在移民的投资 “预计将持续投资不少于2年”。对EB-5法律中关于 “取消条件” 或投资者持有永久绿卡的部分进行了编辑,删除了投资者 “维持” 投资的具体措辞。但是,取消条件部分允许投资者在最初的两年有条件居留期限之外还有一年的时间来证明他们只有在保持资本投资的情况下才能创造就业机会。

移民局口译


美国公民及移民服务局似乎将这两项条款解释为只需要两年的积极投资。移民局进一步要求将初始投资保留在初始项目中,直到创造足够的就业机会为止。但是,新法律还规定,如果在投资者有资格偿还初始投资之前偿还了初始投资,则可以进行 “重新部署”。

继续投资或重新部署


如果初始投资必须满足最低维持期和创造就业机会的要求,那么要求重新部署资本是不合逻辑的。如果法律允许在更长的时间内继续投资以证明创造就业机会,那么在短短两年后提取资本的能力似乎是不合逻辑的。当全面阅读RIA时,新的USCIS指南似乎站不住脚。

投资时间表已定义


两年投资时间表何时开始的问题也没有答案。移民局的指导方针指出,开始日期是 “向创造就业机会的实体提供全部投资” 的日期。这是EB-5的钱花掉的时候吗?贷款何时到期,但尚未融资?创造就业机会的实体可以存入EB-5资金而不使用吗?过桥融资如何影响这种计算?这些都是未解答的问题。

构建 EB-5


总之,EB-5项目发起人必须负责任地构建EB-5工具,EB-5投资者不应急于达成承诺在两年内返还资金的协议。目前,在EB-5资金全部转移到JCE/借款人之后,将EB-5对初始项目的投资维持至少两年似乎是最安全的。投资者应随时了解有关维持期的持续发展,因为将来法院或移民局的政策中肯定会再次出现这个问题。更重要的是,无论规则有何变化,EB-5投资者都必须彻底评估潜在投资的金融和移民风险。

要了解有关 EB-5 签证计划Peachtree的EB-5产品,联系 agreene@peachtreegroup.com

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Interested in an EB-5 Visa? For More Information, Visit Us Online → peachtreegroup.com/eb-5