On July 24, 2019, the Department of Homeland Security published the final rule for The EB-5 Immigrant Investor Program Modernization. The final rule for The EB-5 Immigrant Investor Program Modernization went into effect on November 21, 2019.
However, this new rule still leaves some uncertainty and risks, particularly with Targeted Employment Area (TEA) designations. TEA designations are important because a project that is designated as being in a TEA can accept EB-5 investors at the lower investment amount of $900,000.
On November 21, 2019, new regulations went into effect, dramatically altering the EB-5 Immigrant Investor Program. Here’s what you need to know:
The U.S. Department of Homeland Security (DHS) proposed a final rule, drastically redefining the definition of “public charge,” while expanding the list of public benefits that could render many immigrants inadmissible for entry into the U.S.
Originally set to go into effect on Oct. 15, 2019, multiple lawsuits across the U.S. along with Federal judges in New York and California have ordered a nationwide block.
Scroll down to see what could change should this final ruling go into effect.
On October 17, 2019, Attorney Eric Dominguez, Partner at David Hirson & Partners, LLP (DHP) and Region 18 President of the Hispanic National Bar Association, attended the Hispanic National Bar Association’s Corporate Counsel Division and Region 18 along with the Latina Lawyers Bar Association and the Mexican American Bar Association for a discussion on transitioning to an in-house position. This event allowed attendees to learn from a distinguished panel of speakers who spoke on topics, including: how to market your skills and how to leverage your professional network in order to identify potential opportunities. The featured speaker for the event was the Honorable Manuel P. Alvarez, the Commissioner for California’s Department of Business Oversight.
Attorney Dominguez and DHP continue to support the Hispanic National Bar Association’s goals of empowering the Latino community and legal profession.
Contact us for more information on U.S. immigration issues and to see how we can help you with your immigration goals.
Evelyn Hahn and Jessie Park with Honorable Judge Richard Lee at OCKABA Installation Dinner on October 10, 2019
On October 10, 2019, Attorney Evelyn Hahn, Partner at David Hirson & Partners, LLP (DHP) and Jessie Park, DHP’s Director of Client Relations – Korea, attended the Orange County Korean American Bar Association’s (OCKABA) 14th Annual Installation Dinner at Kia Motors America’s headquarters in Irvine, California. OCKABA was established in 2005 to foster professional and personal relationships among Korean American attorneys, provide pro bono legal services to the Orange County Korean American community, promote the appointment of Korean American judges, and facilitate the efforts of Korean American law students to navigate the transition to licensed practice.
This year, OCKABA honored the Honorable Judge Richard Lee, who is the first Korean American judge to be appointed to the Superior Court of Orange County. Mr. Don Liu, the Chief Legal and Risk Officer for Target Corporation, was the keynote speaker for the event. DHP is proud to have sponsored OCKABA’s Annual Installation Dinner for the past several years. Attorney Hahn has been an active member of OCKABA and has participated in OCKABA Foundation’s Pro Bono Clinics and volunteering legal services. David Hirson & Partners, LLP will continue to support the Korean American legal community by volunteering legal services and supporting various OCKABA events.
Attorney Hahn heads DHP’s dedicated Korean practice group and is regarded as a trusted source for numerous immigration matters. Contact us today to schedule a consult regarding you and your family’s immigration pathway.
Attorney Phuong Le, Partner at David Hirson & Partners, LLP (DHP) recently returned from educating Vietnamese nationals about U.S. immigration strategies and standards. Attorney Le is recognized in Vietnam as a trusted source for U.S. immigration law and innovative immigration strategies.
On October 5, 2019, Attorney Le presented at the Khai Phu Vietnam Investment & Migration Summit held at Le Meridien Saigon. Attorney Le discussed and answered questions about EB-5, L-1, and E-2 visas. These visas are all popular and valuable pathways for Vietnamese families to successfully immigrate to the U.S. Attorney Le talked about how upcoming major changes to the EB-5 program make now the best time to invest and apply for an EB-5 visa.
After November 20, 2019, the EB-5 program changes, including increasing the minimum investment amount. DHP’s experienced attorneys can help you understand all of the changes to the EB-5 program as well as other U.S. visa possibilities.
While Attorney Le leads DHP’s dedicated Vietnam practice, DHP also has other teams of immigration professionals ready to assist individuals and families from all over the world with their U.S. immigration plans.
Contact us today to schedule a strategy session and find out your best options for U.S. business and family immigration.
On September 16, 2019, David Hirson & Partners, LLP attended the 10th-anniversary celebration of Congresswoman Judy Chu’s service in the U.S. House of Representatives. As the Representative of California’s 27th District, Representative Judy Chu has been a hard-working champion for her constituents, including immigrants, veterans, people of color, and many more. The Congresswoman and her husband have both served the public’s interests for decades.
David Hirson & Partners, LLP is proud to have supported the Congresswoman’s efforts for intelligent immigration reform and economic development for many years. As the Representative for the San Gabriel Valley, where a lot of EB-5 investments and investors flowed into, the Congresswoman was very aware of the EB-5 Program and its benefit to local economies and U.S. workers. She has supported the EB-5 program for many years and continues to support positive modernization efforts of the program.
Contact David Hirson & Partners, LLP for more information about U.S. immigration reform and the EB-5 Immigrant Investor Program.
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1122 Bristol Street
Costa Mesa, CA 92626
2033 6th Avenue, Suite #600
Seattle, WA 98121
Phone: +1 949.383.5369
David Hirson & Partners, LLP has over 30 years of experience in corporate, business & investment immigration law. Our business immigration practice provides a full range of services, including a nationally recognized EB-5 investment immigration practice.