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.