Kate Kalmykov, co-chair of GT’s Global Immigration & Compliance Practice, spoke on the “Securing EB-5’s Future Webinar: How Will Pending Litigation Impact the Industry?” hosted by JTC Nov. 20
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Jennifer Hermansky Quoted in EB5 Investors Article, ‘Why EB-5 Regional Centers Need to File the Updated Form I-956G’
GT Immigration & Compliance Practice Shareholder Jennifer Hermansky is quoted in an article titled “Why EB-5 Regional Centers need to file the updated Form I-956G,” published on the EB5 Investors …
Continue Reading Jennifer Hermansky Quoted in EB5 Investors Article, ‘Why EB-5 Regional Centers Need to File the Updated Form I-956G’Kate Kalmykov Quoted in EB-5 Investors Magazine, ‘Why EB-5 regional centers need to act by Dec. 29’
Kate Kalmykov, Co-Chair of Greenberg Traurig’s Immigration and Compliance Practice, is quoted in a Dec. 14, 2022 EB-5 Investors Magazine article titled “Why EB-5 regional centers need to…
Continue Reading Kate Kalmykov Quoted in EB-5 Investors Magazine, ‘Why EB-5 regional centers need to act by Dec. 29’EB-5 Regulations Summary
As previously blogged (see EB-5 Regulations Published for Public Inspection), the EB-5 regulations have been published as of July 24, 2019, as final, to take effect Nov. 21,…
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Congress Passes Another Continuing Resolution After 3 Day Shutdown – EB-5 Extended to Feb. 8
By a vote of 266-150 on Jan. 22 (three days after the previous extension deadline of midnight on Jan. 19), the House passed the Senate amendment, extending Continuing Appropriations for government services and programs to Feb. 8.
The bill now goes to the president who is expected to sign it into law.Continue Reading Congress Passes Another Continuing Resolution After 3 Day Shutdown – EB-5 Extended to Feb. 8
Reminder: Many USCIS Filing Fees Will Increase on December 23, 2016
On May 4, 2016, the Department of Homeland Security (DHS) published a notice of proposed rulemaking in the Federal Register inviting public comment on a proposed increase in the U.S.
Continue Reading Reminder: Many USCIS Filing Fees Will Increase on December 23, 2016
Greenberg Traurig’s Jennifer Hermansky Selected as one of The Legal Intelligencer’s 2016 ‘Top Women in Law’
The Legal Intelligencer’s editorial staff selected the top 25 attorneys across Pennsylvania for the 2016 Top Women in Law recognition. This year, Greenberg Traurig attorney Jennifer Hermansky was recognized and…
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Greenberg Traurig Attends The Wailian 2016 Overseas Investment Seminars for Chinese Investors in Qingdao and Guangzhou China
Greenberg Traurig attorney, Laura Reiff, recently presented at the Wailian 2016 Overseas Investment Seminars in Qingdao and Guangzhou, China. Among the hundreds of attendees and distinguished presenters was former Ambassador…
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Permanent Residency Through the EB-3 Program: What’s Lawful and What’s Not
I recently returned from a month in Vietnam meeting with clients and potential immigrants to the United States. Over the course of the past five years and in my travels to Vietnam, I have watched the EB-5 program grow in popularity as a tool for Vietnamese nationals to self-sponsor for a U.S. green card. In fact, Vietnam now ranks second in EB-5 visa usage worldwide.
The growing interest in immigration to the U.S. has also spurned in Vietnam a new trend, with some immigration agents promoting the EB-3 visa program, to target clients that cannot afford the EB-5 program or wish to spend less money to immigrate to the U.S. This development is alarming, as in many cases, the way the EB-3 program is being described and offered to the Vietnamese public is inconsistent with the U.S. Citizenship and Immigration Service (USCIS) and U.S. Department of Labor Regulations (DOL) laws and regulations. In the most egregious cases, these EB-3 for sale programs intentionally circumvent the legal requirements and are fraudulent.
By way of background, EB-3 stands for Employment-Based Third preference category – a concept long existent in U.S. immigration law and a valid means to a green card when properly used. Employment-based sponsorship in U.S. immigration is divided into several preference categories, with the Employment-Based Third category being reserved for sponsorship for positions requiring:
- Less than two years’ training or experience (unskilled workers). This is predominately the focus of the Vietnamese EB-3 for sale programs; or
- At least two years of experience in the field of expertise (skilled workers); or
- A Bachelor’s degree.
The process of employment-based sponsorship in the EB-3 category entails a three step process:
1. A PERM application is processed and filed by the employer with the DOL. The process involves the U.S. employer engaging in various methods of recruitment to find U.S. workers for the position. This is because the DOL’s main purpose is to ensure that U.S. workers get preference for jobs. The DOL determines the prevailing wage rate for the position that the employer is required to pay. Only after recruitment is completed, and if the employer can show that it was not able to find minimally qualified, able, or willing U.S. workers for the position, would the DOL certify and approve a PERM application. If the sponsoring organization receives applications from interested individuals in the U.S. in response to the ads but does not review and interview the applicants or disclose receiving the applications to the DOL, the sponsoring company and all persons involved in the process can be subject to enforcement action.Continue Reading Permanent Residency Through the EB-3 Program: What’s Lawful and What’s Not
Representative Zoe Lofgren and Representative Luis Gutiérrez Introduce EB-5 Regional Center Reauthorization Legislation
On July 29, Representative Zoe Lofgren, Ranking Member of the House Judiciary Committee, Subcommittee on Immigration and Border Security, and Representative Luis Gutiérrez introduced H.R.3370, the Entrepreneurial Business Creating Jobs Act of 2015 to permanently reauthorize and reform the EB-5 Regional Center Program. Representative Lofgren’s sectional summary can be found here.
The legislation provides visas for foreign entrepreneurs who obtain venture capital or seed financing and wish to start businesses in the United States. And it provides visas for foreign entrepreneurs who are in the United States in non-immigrant status operating an existing business and can show that the business is growing.
The legislation also permanently reauthorizes the Conrad State 30 J-1 Visa Waiver Program, and authorizes for five years the E-Verify Program and the Special Immigrant Nonminister Religious Worker Program. Below are the major components of the legislation:
Provisions for “Venture Capital-Backed Start-Up Entrepreneurs”
- Visas are made available to foreign entrepreneurs on a conditional basis who are sponsored by, as defined by the legislation, a “qualified venture capital fund,” one or more “angel investors,” a “qualified business,” or who obtain funding through a “qualified seed accelerator.”
- In order to have conditions removed, the entrepreneur must show that within a two-year period, the business created full-time jobs for five or more U.S. workers; raised an additional $2 million in capital investment; earned $1 million in revenue; or created full-time jobs for three U.S. workers with salaries of $100,000.