The Department of Homeland Security (DHS) is reportedly considering new regulations that would limit the ability of H-1B workers who are in the lawful permanent residence (LPR) process to obtain an extension of their H-1B status beyond the usual six-year limit of authorized stay pursuant to AC21 (The American Competitiveness in the 21st Century Act). […] Read more..
We would like to invite you to a panel featuring one of our top EB-5 attorneys taking place October 19th in NYC. The EB-5 program is at the core of the 10,000+ green cards that have been issued to foreign investors over the past few years. Here at BMKLLP, our attorneys have been assisting such […] Read more..
What is EB-5? The EB-5 Program, launched in 1990, has been stimulating the U.S. economy by offering Conditional Permanent Residence to immigrant investors who create jobs for U.S. workers. The program has undergone many seismic shifts since its inception, which, combined with lengthy processing timeframes, has caused confusion and misinformation regarding the program to spread. […] Read more..
Yesterday, Congress reached a deal with the White House that, once passed at some point this September, would extend existing funding levels and other program authorizations (such as EB-5) included on the last “continuing resolution” (“CR”) through 12/8/17. The EB-5 authorization comes in Section 105 text of the deal released yesterday which: Continues all authorities, requirements, […] Read more..
EB5 Program Extended through Current Fiscal Year On December 15, 2015, Congress agreed to extend the EB5 Program under its existing rules with NO CHANGES through 09/30/2016. Accordingly, projects can continue to raise EB5 capital under existing TEA parameters and individual investors can still benefit from the existing $500,000 investment threshold. New legislation will continue […] Read more..