EB5 Investors Magazine English Edition Volume 6, Issue 2 | Page 33

TOP IMMIGRATION AT TORNEYS ENRIQUE GONZALEZ FRAGOMEN | MANAGING PARTNER, FLORIDA OFFICE Enrique Gonzalez is the managing partner of Fragomen’s Florida of f ice. He has more than 25 years of experience practicing immigration law. Gonzalez provides legal counsel to entrepreneurs and high net worth individuals regarding investment-based immigration, including the EB-5 program. In 2013, Gonzalez served as special counsel on immigration to Sen. Marco Rubio, where he was the senior advisor/negotiator for comprehensive immigration reform efforts led by Sens. John McCain, Jeff Flake, Lindsey Graham and Rubio. Gonzalez earned his J.D. from Cornell University. He speaks English and Spanish. WHAT TRENDS ARE YOU SEEING IN THE EB-5 INDUSTRY? From my perspective, the most significant trends in the EB-5 industry have been, first, the softening in the market for investors from China. This softening has driven changes in the market in that it has increased the competition for EB-5 investors among projects as well as prompted projects to turn their attention to markets such as Brazil, India and Vietnam. Second is the ever-growing need for redeployment of investor money to maintain them at-risk until the investor files for removal of conditions on their residency, and the lack of clear guidance from USCIS as to what qualifies as redeployment. WHY DID YOU GET INVOLVED IN THE EB-5 INDUSTRY? I began handling EB-5 cases in the early 1990s. The application process is much more clearly defined and regulated now than it was when the EB-5 program first started, and as a result, the volume of applications has grown significantly over the past decade. What motivated me then and now is the opportunity to help contribute to the U.S. economy and job growth at a pace and scale that is not easily matched by most other immigration programs. JENNIFER HERMANSKY GREENBERG TRAURIG | SHAREHOLDER Jennifer Hermansk y first began working on EB-5 investor cases in 2009. She has since been involved i n m o re tha n 10 0 re g io nal center projects and has handled thousands of investor petitions. Hermansky is a shareholder at the Philadelphia office of Greenberg Traurig, LLP and is part of the firm’s EB-5 team. With a degree in finance and a background in handling entrepreneurial cases for clients seeking E-2 or L-1 visas, Hermansky is intimately familiar with the business immigration process. She helps investors from their filing to when they become citizens, and counsels regional centers on issues of management, staffing and compliance. WHAT TRENDS ARE YOU SEEING IN THE EB-5 INDUSTRY? USCIS is becoming very stringent on its review of I-526 petitions and I-829 petitions. The agency is very carefully reviewing the I-526 petitions for source of funds of the investors, and many issues that they never focused on before are now issues for cases. It is very important for stakeholders to keep abreast of these trends and make sure investors are working with qualified attorneys. Beyond adjudications, we are seeing the development of new and emerging markets for EB-5 investors grow significantly, especially in countries like India, South Korea, UAE, Brazil and Venezuela. WHY DID YOU GET INVOLVED IN THE EB-5 INDUSTRY? My background and education are actually in finance, so EB-5 is a natural fit for me. It is such an interesting program, and I like that it benefits both U.S. workers and foreign nationals. I really enjoy working with clients to develop their business plans, economic reports and securities offerings, ensuring that each is EB-5-compliant and marketable to foreign investors. I find it very satisfying to work on a successful project with tangible and profitable results, while also seeing immigrants receive green cards. EB5INVESTORS.COM 33