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Employee

Someone who is paid a wage or other remuneration that originates from within the new commercial enterprise and in exchange, provide labor or services for the new commercial enterprise. An employee also refers to someone who gives labor and services in a job that was generated directly or indirectly via investment in the commercial enterprise, as far as the ‘immigrant Investor Pilot Program is concerned. Contractors who are independent will not be part of this definitions. Essentially, individuals who are self-employed such as independent contractors and free-lancers are not part of this definition.

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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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