Feb82024
Effective January 1, 2024, the Corporate Transparency Act (“CTA”) has come into force, bringing with it substantial reporting obligations on small businesses. Given the stringent reporting obligations, tight reporting deadlines, and steep penalties associated with noncompliance, it is critical to be well informed about the new law and take the necessary steps to adhere to...
Understanding the complex and dynamic EB-5 process requires an understanding of the key players involved. From immigration attorneys navigating legal complexities to securities attorneys who structure investment projects and economists evaluating the economic impact of proposed projects, each player plays a crucial part in helping investors obtain a green card through the EB-5 Immigrant Investor...
The EB-5 Program Reform and Integrity Act (RIA) of 2022 authorizes certain new investors to file a Form I-485 (Application for Adjustment of Status) along with a Form I-526 (Immigrant Petition by Standalone Investor) or Form I-526E (Immigrant Petition by Regional Center Investor). This is called concurrent filing, and to take advantage of it, there...
USCIS recently introduced a final rule that details improvements made to the online filing of H-1B petitions. The rule focuses on establishing a beneficiary-focused selection process for employer registrations and codifies the FY 2025 registration period. As an effort to strengthen integrity and minimize the risk of fraud in the H-1B registration process, selections will...
USCIS just announced an increase in filing fees, the first hike since 2016. The agency claims that the current fees are not sufficient to cover the cost of operations, the expansion of humanitarian programs, federally mandated pay raises, and additional staffing requirements. Additionally, USCIS asserts that the enhanced filing fees will be allocated towards the...
Jan292024
The Mortgage Bankers Association estimates that nearly $1 trillion in multifamily CRE debt will mature by 2027. An historically large number of multifamily debt maturities is on the horizon, leading many borrowers seeking to extend time on their current loans waiting for better interest rates and loan terms, rather than refinancing their property at a...
The U.S. Citizenship and Immigration Services (USCIS) is embracing modernization by introducing online filing for H-1B applications, marking a significant shift from the traditional paper-based submissions. This development promises to be a game changer, significantly reducing both the time and costs associated with the process. The announcement on January 12, 2024, unveiled USCIS’s commitment to...
The R-1 visa is a niche visa category and facilitates the temporary entry of ministers and non-ministers in religious vocations and occupations into the US for the purpose of performing religious work. Eligibility The employment must be with one of the following entities: (1) a non-profit religious organization in the US, (2) a religious organization...