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May 2011


May 23, 2011 | Posted by Jeffrey Barlekamp, Associate | Permalink

On May 19, 2011, USCIS announced significant improvements to the administration of the EB-5 Immigrant Investor Program.  As many of you know, the EB-5 program makes 10,000 green cards available annually to foreign nationals who invest $1 million (or under certain circumstances $500,000) in a new commercial enterprise.  The investment must also create or preserve at least 10 full-time jobs for qualifying U.S. workers.  Although EB-5 investors may petition on their own, it is easier and safer to petition through a designated “Regional Center” – private or public entities that are recognized by USCIS as promoting economic growth and job creation.  These Regional Centers generally have shovel-ready projects ready and waiting.  And, most are located in “targeted employment areas,” meaning investors usually only need to invest $500,000 to qualify for a visa.  But, before foreign investors can invest in these projects, the Regional Centers must first petition USCIS to have their investment projects approved, a process that takes months of back-and-forth discussions between USCIS and the Regional Centers.  It then takes more months for the individual immigrant investor’s actual EB-5 petition to be processed.

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May 9, 2011 | Posted by Ruthizer, Ted | Permalink
Now that summer hiring season is here, we thought it would be helpful to you to reissue a past Client Alert advising on the test to determine which persons may be hired as unpaid interns. read more