NewslettersL A W L E R & L A W L E R N E W S L E T T E R [ March 2010]It is H-1B TimeWe are now preparing H-1B visa petitions for filing on April 1, 2010. We recommend all petitions be filed on that date to ensure capturing a visa number. There are two groups -- general with 65,000 visa numbers and U.S. advanced degree (Master's and Ph.D., etc.) holders with 20,000 visa numbers. The year before last, many more petitions were received than general group numbers were available. Last year, the visa numbers were available until Christmastime. Visas For Company OwnersUSCIS has for decades recognized that a corporation is a separate legal entity from its owner(s) and thus, if otherwise qualified, could sponsor the company's owner(s) for an H-1B (specialist), L-1 (intracompany transferee), O-1 (extraordinary ability), or E-3 (Australian specialist) visa, each of which requires an employer sponsor. This policy is detrimental to entrepreneurs forming startups which create employment in the U.S. The American Immigration Lawyers Association has protested this policy and is advocating for revocation. EB-5 Investor VisasOne investing $500,000 in a business creating 10 jobs can apply for an EB-5 green card. The whole process usually takes about 7 to 12 months. "Regional Centers" provide projects for groups of investors - i.e., limited partners. While other green card application processes may take many years, the EB-5 is a quick way for many to achieve a green card. For more information on EB-5 visas, see my web page, www.aboutvisas.com, and click on "investors." |
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