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Essential tech workers should be exempted from US visa restrictions

The IT industry body Nasscom recommends that IT workers be exempted from US visa restrictions on the grounds that they are “essential workers.” IT workers are crucial to the functioning of hospitals, healthcare, and other industries essential to the US’s post-pandemic recovery.

Furthermore, because the pandemic has not increased US unemployment in the IT sector—and in fact there are thousands of unfilled IT jobs—the Trump administration’s claim that jobs need to be reserved for US workers is not valid in the IT arena.

Nasscom says that barring IT workers with non-immigrant visas (such as the H-1B and L-1) from entering the US is a formula for national economic pain. Suresh Rajan of LCR Capital Partners notes several clients with non-immigrant visas have decided to switch to the EB-5 visa to ensure permanent residency in the US.

See the original article here.

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in February 2022, and continues to work with international families that want to explore alternative residency options.

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