EB-5 AND PRESIDENT TRUMP'S JUNE 22ND EXECUTIVE ORDER SUSPENDING OTHER IMMIGRATION VISAS UNTIL THE END OF 2020
The President has taken unprecedented action to block issuance of new business visas, long relied upon by foreign corporations and individuals doing business in the United States. The ban includes employment-based immigrant visas, L-1 transfers for managers and executives and H-1Bs, among other categories. The details are many and complex.
However, one thing is crystal clear. This Administration will not block and will actually favor visas for foreign investors who create jobs for Americans. The EB-5 Green Card Program does that. To learn more about how you can apply and how the EB-5 can help you and your family emigrate to the United States by making an investment in a qualifying real estate or other development project, please watch our One Minute Briefing on EB-5 Basics. For many, the EB-5 is now the best choice for an investor, his or her spouse, and their children to permanently reside in the United States.
Eliot Norman, Esq.
PRESIDENT TRUMP'S NEW L-1/H-1B VISA BAN MEANS FOREIGN INVESTORS NEED TO PIVOT AND ADOPT NEW STRATEGIES
Corporate New Office & Greenfield Projects carry risks if they are too dependent on L-1 transfers and H-1B immigration of key foreign personnel to the USA. Foreign companies hoping to catch the rebound of business in the United States in 4Q 2020 and 1Q 2021 should focus again on using Cross-Border M&A Deals and Joint Ventures to acquire market share and grow their U.S. business. Why? When you "Americanize" your business. you have less risks of disruption to foreign supply chains, which include goods, services, technologies and human capital. For more information see our research and analysis of U.S. M&A opportunities in solar energy and other industry sectors at transatlanticpartners.org. Thank you. #mergersandacquisitions
YESTERDAY President Trump did it again. He Extended and Broadened His 60-day Suspension of "Entry of Alien Workers Presenting a Risk to the U.S. Labor Market" from June 24, 2020 to December 31, 2020.
The highlights: The previous Ban on most Businesses and Family Immigrants will continue without change. Notable Exceptions: EB-5 Investment Visas that are intended to create 10 Jobs per Investor. See Analysis below in our Video featuring J. Kaleyias from EB-5 Capital and Eliot Norman, Esq.
What's new? President Trump extends his Ban for the first time to nonimmigrant or temporary business and work visas. These include new visas for L-1s for International Corporate Transfers, the H-1B for professionals, the H-2B for seasonal workers and J-1 interns and trainees. Principal exceptions: existing visa holders, workers needed to fight Covid-19, or who are essential to the food supply chain. U.S. investment visas (E-2 and EB-5 Green Cards) remain exempt.
Conclusion: The Suspension's unprecedented "assault" on business visas means that companies who want to grow sales and profits in the United States should invest here. See transatlanticpartners.org for our research and analysis of Cross-Border M&A Deals and their importance to capturing market share in the U.S.A.
Rapid Expansion of U.S. Market for Horticulture Lighting
Philip James, Partner, TRANSATLANTIC Partners LLC
The overall horticulture lighting market is expected to grow from $2.43 billion in 2018 to $6.21 billion in 2023, a CAGR of 20.61%. Here are some key highlights:
The target key customers for this business are: