Comment: EB5 Investment Amount, H1B Cap Demand vs Unemployment Rate
Today's Immigration Daily features several items of interest, including articles on EB5 Investment Amount, H1B Cap Demand vs Unemployment Rate, Philadelphia Cinco De Mayo Celebration and Immigration Detainer Issuance Update etc. Please scroll below to find the item(s) of interest to you. Please let us know your thoughts by writing to firstname.lastname@example.org.
Focus: International Students Expos in USA
International students are coming to the US in dramatically increased numbers. The explosion in Chinese, Indian and Korean students started less than a decade ago and continues. For EB-5 purposes students offer good prospects. We have been conducting events since 2014 educating students on EB-5 in New York, Washington DC, Massachusetts, Michigan and California. We are expanding these events to other locations in 2017 to cover the entire USA. For each city we promote the event to multiple campuses across the metropolitan region; this can vary from ten to twenty campuses per city. These are 1 day events that require a short single night stay trip from the sponsoring Regional Center or law firm. During the educational event covering the students' immigration options the
Earlier this month, the U.S. House of Representatives held a public hearing on the proposed DHS regulations that would raise the minimum EB-5 investment amounts to $1.35 million if in a TEA and $1.8 million by default. Rep. Jim Sensenbrenner (R-WI) expressed support for the minimum investment raises, with a rationale he explained as such:
“Other nations that have investor visa programs require much larger investments. […] Canada’s program requires at least one and a half million U.S. dollars in addition to a required personal net worth of over 7 million or more U.S. dollars.”
Wow, talk about an “alternative fact.” That anecdote is nowhere near accurate.
It is critically important that Congress and DHS understand how competing immigrant investor programs operate prior to enacting any changes, as they may inadvertently price the U.S. out of the worldwide immigration-by-investment market. We’ve previously discussed how you can move to Canada as an investor or entrepreneur, but perhaps the points bear repeating.
The Former Federal Immigrant Investor Program (IIP)
Canada does not presently have a federal investor program at the Federal level (we’re working to change that, by the way). In 2014, Citizenship and Immigration Canada terminated the previous IIP program. When it was active, the requirements were nowhere near as onerous as Sensenbrenner suggests: an investor had to evidence that he or she had business experience, possessed a net worth of at least CAN$1,600,000 that was gained legally, and invested CAN$800,000.
The Hillreports that El Carnaval de Puebla, an annual Cinco De Mayo celebration in Philadelphia, has been canceled because of*recent federal immigration crackdowns, organizers said.* Edgar Ramirez*told*a local NBC affiliate that as many as 15,000 people gather for the annual parade through South Philadelphia, marking the city's largest
Comment: Join ILW LinkedIn Group
ILW.COM cordially invites immigration professionals: attorneys, paralegals, law students and others to join the ILW.COM LinkedIn group. The ILW.COM LinkedIn Group is a place for you to enhance your network with others in the field, to discuss issues of mutual interest, and to keep on the top of the latest developments in immigration law.