EB-5 Regional Center Pilot Program’s Likely Renewal: What Your Firm Should Be Aware Of
Over the years, foreign national investors have been utilizing the Regional Center Pilot Program to obtain EB-5 visas. By investing in regional centers, immigrant investors support and promote economic growth and job creation for qualified U.S. workers. However, unlike the standard EB-5 visa category, the Program is temporary and is set to expire on September 2016. Should this Program be renewed or made permanent, significant concerns such as those in relation to compliance requirements and transparency, are expected to emerge and would likely impact the immigration regulatory landscape. Thus, keeping apace with the recent development is crucial for immigrant investors, developers, and regional centers to cope with the possible changes and minimize potential legal pitfalls.
In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders will help the audience understand the fundamental and complex aspects of this significant topic. They will provide an in-depth discussion of EB-5 Regional Center Pilot Program. Speakers will also offer best practices in mitigating risks and ensuring compliance with applicable laws.
Key topics include:
- EB-5 Regional Center Pilot Program - An Overview
- EB-5 Violations and Obligations
- Recent Legal Issues and Litigation Risks
- Possible Implications
- Best Risk Mitigation Strategies
Rana Jazayerli, Partner, Phillips Lytle LLP
Robert F. Loughran, Partner, Foster Global LLP
Charles Kuck, Managing Partner, Kuck Immigration Partners LLC
Anthony Korda, Attorney, The Korda Law Firm
Mickayla Zinsli, Director of EB-5 Services, Wright Johnson, LLC
- Legislative Action:
- What to expect
- Continued Resolution
- The election and EB-5
- Could changes be retroactive
- Regulatory Action:
- New regulations
- EB-5 Policy Manual
- Site visits
- Increased filing fees
- GAO Report
- Current Program Challenges:
- Visa backlogs
- China retrogression and child age outs - minors as the investors
- Fraud and other integrity issues
- SEC actions
- Integrity Issues:
- Increased fraud and its impact on the program overall
- SEC violations and investigations
- Security concerns re immigrant investors.
- possible integrity fund
- Possible Program Changes:
- Increase investment amount
- Definition of a TEA
- Visa allocation
- Job calculation methodologies
- Require exemplar approval of all projects
- Investor requirements
- Impact on Regional Centers:
- Setting up a new regional center
- Current regional center operations
- Rent-a-Center model
Who Should Attend:
- Finance Lawyers
- Foreign Investors
- Immigration Officers
- Chief Financial Officers
- Financial Reporting Managers
- Fund Managers
- Investment Advisers
- In house M&A practitioners
- Other Interested Professionals
Robert F. Loughran is a Partner of Foster LLP and is Board Certified in Immigration and Nationality Law by the Texas Board of Legal Specialization. He has over 20 years of experience representing and advising Investors and Ultra High Net Worth individuals on U.S. and global immigration law. Mr. Loughran is nationally recognized as a leading EB-5 attorney and regularly advises developers on the formation of EB-5 Regional Centers. He has advised hundreds of individual investors on the EB-5 process and alternative immigration categories.
Robert F. Loughran is a Partner of Foster LLP and is Board Certified in Immigration and Nationality Law by the …
Ms. Jazayerli provides counsel on all areas of U.S. immigration law, with a focus on employment-based visas, counseling employers on a broad range of immigration matters, including the hiring of foreign nationals under temporary employment visa categories such as H-1Bs and L-1As. She also advises employers on proper I-9 form compliance and the use of the federal E-Verify employment authorization program.
In addition, Ms. Jazayerli has extensive expertise in the EB-5 Immigrant Investor visa program, providing assistance to individuals seeking U.S. permanent residency through investment, and U.S. companies seeking EB-5 Regional Center designation to allow them to finance job creating projects.
She is a member of the American Immigration Lawyers Association and the Association to Invest In the USA (IIUSA). Ms. Jazayerli graduated with a Bachelor of Science in Foreign Service degree from Georgetown University’s Edmund A. Walsh School of Foreign Service in 1992; received her J.D. from Columbia University School of Law in 1996; and completed her M.A. at American University’s School of Communication in 2002.
Ms. Jazayerli provides counsel on all areas of U.S. immigration law, with a focus on employment-based visas, counseling employers on …
Mr. Charles Kuck is the Managing Partner of Kuck Immigration Partners LLC and oversees its nationwide immigration practice.
Mr. Kuck’s practice focuses on U.S. Immigration and Nationality Law and international migration matters. Mr. Kuck assists EB-5 investors, nonimmigrant E-2 investors, employers and employees with business and professional visas, labor certifications, immigrant visas, consular representation, and citizenship matters.
Mr. Kuck has been recognized as one of the 5 most highly regarded corporate immigration lawyers in the United States, and has previously served as National President of the American Immigration Lawyers Association and as President of the Alliance of Business Immigration Lawyers.
Mr. Kuck also advises employers on compliance procedures in verifying the work eligibility of all new employees as required under the I-9 employer sanctions provisions of the Federal Law and is a leader in training and compliance programs on the E-Verify and IMAGE. His clients include technology firms, manufacturers, multinational corporations, individual investors and entrepreneurs, as well as families, individual immigrants and asylum seekers.
Mr. Kuck also maintains an active Federal Court practice focusing on immigration issues. He has represented asylum seekers in more than 600 trials before the Immigration Courts.
Mr. Charles Kuck is the Managing Partner of Kuck Immigration Partners LLC and oversees its nationwide immigration practice. Mr. Kuck’s …
Anthony Korda was admitted to the Bar of England and Wales in 1988 and prior to moving his practice to the US practiced in the English courts as a Barrister of the Supreme Court of England & Wales for many years.
He is licensed as an Attorney in the State of California and is an active member of the American Immigration Lawyers Association, the Federal Bar Association and the American Bar Association. He now handles all aspects of employment, business and family immigration in the USA.
Anthony is admitted to practice before the US Supreme Court, the California Supreme Court, the 9th and 11th Circuit Court of Appeals and the US District Courts for the Middle District of California and the Northern District of Florida.
Anthony focuses his practice on EB-5 Related matters and has successfully filed hundreds of I-526 Investor Petitions Applications to I-829 Petitions to Remove Conditions of Residence and applied for I-924 Regional Center designation, Exemplar Approval and filed I-924 Annual Returns for many Clients.
Anthony also works successfully with a number of Regional Centers as a reviewing Attorney and provides legal and administrative services to a number of Regional Centers.
As an EB-5 Investor himself (originally from the United Kingdom) Anthony brings a unique perspective to the process.
Fluent in English and German, Anthony practices from his offices in Naples-Florida, Beverly Hills-California and London-England.
Anthony Korda was admitted to the Bar of England and Wales in 1988 and prior to moving his practice to …
Mickayla Zinsli is the Director of EB-5 Services, bring a unique EB-5 operational background to the Wright Johnson team. Mickayla was formerly the director of regional center, navigating the many challenges that come with EB-5.
Mickayla is active within the EB-5 industry through numerous capacities including, servings as an IIUSA Policy Committee member; founding member of the EB-5 Rural Alliance; and regularly presents on the topic of EB-5 at various conferences, both domestically and internationally. Mickayla has been featured in EB-5 Investors Magazine, a leading magazine in the EB-5 industry. The article, “Non-Traditional” EB-5 Projects Make a Big Splash, was released in April 2015. In the interview, Mickayla spoke of some of the challenges bringing non-traditional EB-5 projects to fruition.
Prior to the EB-5 industry, Mickayla worked at the Department of Homeland Security’s Center of Innovation at the U.S Air Force Academy where she focused on innovation within the U.S. Federal Government, though public-private partnerships. Mickayla was responsible for the Intel Corp. and IBM partnerships, aiding in their collaborative research and development. Originally from Minnesota, Mickayla obtained her Bachelor of Arts in both Management and Entrepreneurship from the University of North Dakota.
Mickayla Zinsli is the Director of EB-5 Services, bring a unique EB-5 operational background to the Wright Johnson team. Mickayla …
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About Foster Global LLP
A global immigration law firm, Foster LLP was founded in 1973, and currently has the most board-certified attorneys in nationality and immigration law in Texas. Foster LLP has worked closely with investors and entrepreneurs, providing mission-critical advice, consultation and immigration support for new technology start-ups, and immigrant investors seeking to enter the U.S. market. The firm’s Investor Visa Group has been a leader in direct EB-5 visa petitions since the initiation of the green card category in 1990, along with successfully advising countless individual clients on EB-5 green card petitions filed through regional centers.
About Phillips Lytle LLP
Phillips Lytle LLP is a premier regional law firm that is recognized nationally for its legal excellence. With offices in New York State, Washington, DC, and Canada, our attorneys serve a multinational client base including FORTUNE 1000 companies, global and regional financial institutions, not-for-profit organizations, middle market companies, startups, entrepreneurs and individuals on important matters affecting their businesses and personal wealth.
About Kuck Immigration Partners LLC
Our clients are the foundation of our Firm. We use our decades of direct experience in Immigration Law to work on each case in a collaborative, team approach. We ensure that our case preparation, process and even our communications with our clients are focused on ensuring that you know and understand what we are doing for you, why we are doing it, and when it will be done.
Charles Kuck is the Managing Partner of Kuck Immigration Partners, and oversees its nationwide immigration practice. He is the past National President of the American Immigration Lawyers Association (AILA) and the past President of the Alliance of Business Immigration Lawyers (ABIL). With this wealth of experience, Mr. Kuck and his partners have created a unique immigration law firm. One dedicated to fighting for all immigrants. One dedicated to continuing and growing the American Dream for the next generation of immigrants.
Kuck Immigration Partners' experienced attorneys and paralegals assist employers and employees with business and professional visas, labor certifications, immigrant visas, consular representation, and citizenship matters before the USCIS. The firm's attorneys are also well known and respected advocates for our clients. We represent people in the defense of ICE I-9 audits and Department of Labor (DOL) Audits. We fiercely defend our clients in Immigration Court. We have filed and won hundreds of asylum cases over the last 25 years. And, we zealously advocate for immigration reform and the rights of immigrants at every opportunity.
About The Korda Law Firm
Anthony Korda at The Korda Law Firm is an Immigration Attorney who focuses his practice on Business and Family Immigration, with a particular emphasis on EB-5 cases. Anthony has successfully filed hundreds of I-526 and I-829 Petitions for EB-5 investors. He regularly advises Clients on the creation of new Regional Centers, amendments to Regional Center designation and works with developers seeking to raise Capital through the EB-5 Visa program.
Originally from the UK where he practiced as a Barrister for many years, Anthony brought his family to the U.S. using the EB-5 visa program, giving him a unique perspective of the process.
About Wright Johnson, LLC
Wright Johnson is the leading EB-5 consulting firm focused on Regional Center development, economic impact studies, and business plan composition. The firm has completed over 650 business plans and 500 economic impact studies on behalf of clients filing I-526 and I-924 petitions. Wright Johnson has a 100% success rate with USCIS approval of documents. The staff lectures across the globe and consults on numerous issues facing potential and current EB-5 projects.