Articles Posted in Entrepreneurs

by

The American people have spoken. Donald Trump will return to the White House on January 20, 2025, becoming the next President of the United States.

This past month, the Trump administration has been busy laying the groundwork to implement stricter border policy measures, strike-down Biden-era immigration policies, and put in motion the large-scale deportation of undocumented immigrants.

But how could a Trump presidency impact legal immigration?

In this video, attorney Jacob Sapochnick explains what we can expect to see from the incoming Trump administration, with a specific focus on the changes that could impact business immigration law. You will learn about the five major changes that employers and foreign workers should consider in the months ahead.

If you’re an employer looking to hire foreign talent, or are actively employing foreign workers, then you won’t want to miss this video. If you’re a foreign worker going through the visa process, or thinking of applying for a visa, we will share with you the insider information you need to know to ensure your process is successful.

Want to know more? Just keep on watching

Overview

The Trump administration’s immigration policies are expected to impact workers in all industries. Individuals close to the President elect have revealed that they are preparing executive actions on immigration to be rolled out soon after Trump takes office in January.

Here are the top five ways that Trump’s immigration policies will impact business immigration.

#1 The Use of Executive Orders

During his first term in office, Donald Trump relied heavily on executive orders to bring about far-reaching changes in immigration policy, including his notorious “Muslim travel ban.”

As you may recall, in 2017 President Trump signed an executive order banning people from six Muslim-majority countries, from entering the United States for a period of 90 days. These countries were Iran, Iraq, Libya, Somalia, Syria, and Yemen.

The executive order prevented nationals from entering, even if they held visas to travel to the United States, causing wide-spread family separation for those seeking to be reunited with their spouses, parents, and children in the United States.

Upon taking office, we expect President Trump to issue a series of executive orders that will restrict the admission of certain foreign nationals to the United States and codify his hardline immigration policies.

Continue reading

by

Are you interested in self-petitioning for a green card (permanent residence) in 2024? If so, you won’t want to miss this important video.

Overview

Did you know that it is possible to apply for a green card on your own through a self-petition and avoid the process of getting a U.S. job offer? In this video, we discuss the top three ways you can apply for permanent residence without a U.S. company sponsoring you and without a U.S. job offer.

Option #1: Employment-Based First Preference Category, EB-1A Aliens of Extraordinary Ability

The first immigrant visa classification we will discuss is the EB-1A visa. This immigrant visa is suitable for individuals who have attained “extraordinary ability” in the sciences, arts, education, business, or athletics through sustained national or international acclaim in their field.

Those who qualify for the EB-1A category can self-petition for their visa on their own. They do not need a U.S. job offer nor employment sponsorship to apply for permanent residence.

EB-1A is Current on the Visa Bulletin 

Additionally, as of June 2024 the EB-1A category remains current on the Visa Bulletin for all countries except India and China, which means that most applicants will not need to wait to apply for adjustment of status to permanent residence so long as the category remains current. For nationals of India and China please see the EB-1A wait times on the June 2024 Visa Bulletin.

Continue reading

by

In this video attorney Jacob Sapochnick discusses the State Department’s release of the June 2024 Visa Bulletin. Learn all about the changes we are seeing in the family-sponsored and employment-based categories for the month of June in this video.

Adjustment of Status Filing Chart June 2024

For the month of June 2024, the U.S. Citizenship and Immigration Services (USCIS) will continue to use the Dates for Filing Chart for all family-sponsored preference categories, and the Final Action Dates Chart for all employment-based preference categories, when applying for adjustment of status to permanent residence in the United States.

Top Highlights of the June Visa Bulletin

Employment-Based Categories

Unfortunately, for the employment-based categories, the June Visa Bulletin shows no movement.

  • The Dates for Filing chart in June remains unchanged from the previous months.
  • The Final Action Dates for EB-1, EB-2, and EB-5 remain unchanged.
  • Only EB-3 India will advance by one week.

Family-Sponsored Categories

Continue reading

by

If you are holding any crypto assets, such as bitcoin, Ethereum, or any other blockchain cryptocurrency, can you use those assets to move to the United States?

In this video, attorney Jacob Sapochnick discusses the use of crypto assets as the source of funds for E-2 visa investment purposes and everything you need to know about this topic.

Overview

Is there a way to move to the United States using crypto assets?

Yes. The visa type that can be used for this purpose is the E-2 Treaty Investor nonimmigrant visa, which allows qualifying applicants to start and manage their businesses in the United States, by making an irrevocable investment in their business and hiring U.S. workers.

The E-2 visa allows foreign nationals to live and work for their U.S. business for an initial duration of two years. Thereafter, investors may apply for E-2 extensions in increments of up to two years each. One of the great advantages of the E-2 visa is that there is no limit to the number of extensions you can apply for, so long as you maintain a sincere intention to depart the United States when your visa status expires.

Additionally, this visa allows your spouse and unmarried children under age 21 to accompany you to the United States by seeking the E-2 classification as your dependents.

Continue reading

by

Every month the Department of State releases the Visa Bulletin, which tells visa applicants how long they must wait before they can apply for their green cards to immigrate to the United States.

Unfortunately, the Dates for Filing chart of the Visa Bulletin has not seen any forward movement in recent months, and the Final Action Dates have moved very slowly for most employment-based preference categories.

What does this mean for employment-based categories experiencing long delays such as EB-2? Keep on watching to find out more.

Overview

For employment-based visa applicants stuck in the lengthy backlogs, there is an effective way to combat the visa backlog by downgrading to the employment-based third preference category (also known as EB-3), which is currently moving faster than the other employment-based preference categories on the Visa Bulletin.

What is an EB-3 downgrade?

The EB-3 downgrade refers to the process of strategically moving from another employment-based category (one that is moving slowly), to the employment-based third preference category (EB-3) to take advantage of the faster movement of the category on the Visa Bulletin. This is particularly helpful for nationals of countries facing very high demand for immigrant visas such as India and China.

Continue reading

by

In this video, attorney Jacob Sapochnick discusses a very important topic in immigration law: How can E2 treaty investors avoid application denials?

Many E2 investors looking to start their businesses in the United States frequently ask, what is the minimum amount of investment that is satisfactory to the immigration authorities for the E2 treaty investor program, and how can I maximize my chances of success?

If this topic interests you, please keep on watching our video.

Overview

Minimum Investment Amounts

One of the most common reasons for an E2 visa denial is where the applicant fails to demonstrate that they have made a “substantial” investment in their business venture.

A substantial investment is defined as one that is:

  • Substantial in relationship to the total cost of either purchasing an established enterprise or establishing a new one
  • Sufficient to ensure the treaty investor’s financial commitment to the successful operation of the enterprise
  • Of a magnitude to support the likelihood that the treaty investor will successfully develop and direct the enterprise. The lower the cost of the enterprise, the higher, proportionately, the investment must be to be considered substantial.

Continue reading

by

In this blog post, we will discuss the top five ways that foreign investors can get a green card in the United States. This post will benefit potential investors or foreign nationals who want to maximize their chances of gaining permanent residence in the United States.

Overview

If you are a foreign investor or an entrepreneur there are essentially five ways to self-petition for permanent residence without the requirement of a job offer or employment sponsorship.

Option One: Green Card through the EB-5 Immigrant Investor Program

The first option is the EB-5 Immigrant Investor Program. This program allows qualifying investors to obtain conditional permanent residence through an EB-5 visa. To qualify, investors must make a capital investment of $800,000 (in a Targeted Employment Area Regional Center Project) or $1,050,000 (in a new commercial enterprise that you create or buy into – also known as direct EB-5 investments). You must also demonstrate that the capital you are investing comes from a lawful source, and that your investment will create at least 10 new jobs for U.S. workers. Additionally, your capital investment must be committed to the project for at least five to seven years.

Once an investor’s EB-5 petition has been approved, he or she will receive a 2-year conditional green card. Before the expiration of the green card, the investor must remove the conditions on his permanent resident status by filing an I-829 petition with USCIS. When removing the conditions on permanent residence, investors must prove that they made the required investment and that all EB-5 requirements were satisfied such as job creation.

Once USCIS approves the I-829 petition, the applicant’s residency status is no longer conditional and the investor will be issued a 10 year green card.

EB-5 Direct Investments

EB-5 direct investments are those where the capital is invested in a new commercial enterprise such as a franchise operation, hotel real estate development projects, large restaurants, IT projects, retail chain operations, and large construction projects.

One of the most important components of the EB-5 application process is that you must be prepared to demonstrate the source/origin of your investment funds through documentary evidence. In other words, your investment funds must be traceable to their originating source.

Continue reading

by

 

Would you like to know how you can renew your U.S. visa in 2023? If so, then this video is right for you.

Overview

Your U.S. visa has expired and now it’s renewal time. In this video, attorney Jacob Sapochnick discusses the general process of applying to renew your U.S. visa in 2023 at a U.S. Consulate or Embassy overseas.

Please note that there are hundreds of different U.S. visa categories that have their own eligibility criteria and renewal requirements. The information provided here does not, and is not intended, to constitute legal advice. To obtain legal advice on your particular facts, case, or circumstances, please consult with a licensed immigration attorney.

For visa specific information and documentary requirements, applicants may contact their closest U.S. Embassy or Consulate.

Visa Renewal Steps

Here are the main steps that any applicant must take when renewing their visa at a U.S. Consulate or Embassy abroad.

Step One: Make sure that you qualify for your U.S. Visa Renewal

First and foremost, regardless of your visa type you must be prepared to provide documentary evidence to the Consular official to prove that you remain eligible for the renewal of your visa.

For example, if you are renewing a student visa you must provide your updated Form I-20 Certificate of Eligibility for Nonimmigrant Student Status to show that you remain eligible to study in the United States. If you are applying to renew your tourist visa, you must continue to demonstrate your eligibility such as proof of temporary stay, strong ties to your home country, proof of sufficient finances to cover your temporary stay, etc.

Continue reading

by

In this video, attorney Jacob Sapochnick answers one of your frequently asked questions: Can undocumented immigrants open their own business in the United States?

If you would like to know more about this topic, please keep on watching!

Overview

This is one of the most widely misunderstood topics of discussion in immigration. The answer is yes, any person whether documented or undocumented can start a business in the United States.

Individuals can form a Limited Liability Company (LLC) or any other corporate structure irrespective of their legal status in the United States. This is because the LLC or corporate entity is a separate entity from the individual. The LLC can obtain an Employer Identification Number, also known as an EIN from the Internal Revenue Service (IRS) for the purpose of tax administration. To obtain an EIN, the principal business must be located in the United States or U.S. territories, and the member applying for the EIN must have a valid Taxpayer Identification Number, such as a Social Security Number (SSN), Individual Taxpayer Identification Number (ITIN), or EIN.

However, if you are employed by the LLC or corporate entity without lawful authorization to work in the United States, you will be in violation of the law, however the business registration in and of itself is legal.

Continue reading

by

In this video, attorney Jacob Sapochnick tells you everything you need to know about the EB-5 Immigrant Investor Program in the year 2023. While there have been recent Congressional changes to the program, it is still an option for those who wish to obtain their green card through a qualifying investment.

If you would like to know more about the EB-5 Immigrant Investor Program, please keep on watching!

Did You Know? The EB-5 Immigrant Investor Program was first created by Congress in the year 1990 to stimulate the United States economy through job creation and capital investment by foreign investors. In return for their qualifying investment, investors receive conditional permanent residence in the United States, and are required to remove their conditions on permanent residence by filing Form I-829 within 90 days of their conditional green card’s expiration.

In 1992, Congress extended the program to allow for Regional Center investment, which sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centers approved by USCIS based on proposals for promoting economic growth.

Overview

EB-5 Investment Visa: The Ultimate Guide in 2023

What is the EB-5 investor visa?

The EB-5 investor visa allows qualifying investors (and their spouse and unmarried children under age 21) to receive conditional permanent resident status (a 2-year green card).

One of the ways in which foreign investors may qualify for the EB-5 classification is by investing through regional centers designated by USCIS based on proposals for promoting economic growth.

When investing in regional centers, investors will choose a project offered by the regional center in which they wish to invest. Typically, the projects offered for investment are real estate development projects. For regional center investment, the investor does not need to invest in a project in his or her state of residence. The investment can occur anywhere in the United States.

Additionally, regional center investment allows investors to passively invest in the project, without having to direct or manage it themselves. Regional center investment is the most common way to qualify for the EB-5 visa. In fact, 95 percent of all EB-5 investors file their cases through Regional Center investment.

Another way to qualify is by investing directly in a new commercial enterprise that you intend to direct and operate. In this case you will be managing the project yourself. Only 5 percent of EB-5 investors opt for investment in a new commercial enterprise, because it is more risky.

On March 15, 2022, President Biden signed the EB-5 Reform and Integrity Act as part of the Consolidated Appropriations Act, 2022 (Public Law 117-103), which created new requirements for the EB-5 immigrant visa category and the Regional Center Program. EB-5 immigrant visas are currently authorized under the Regional Center Program through September 30, 2027.

Continue reading