EB5 Investors Magazine Volume 5, Issue 2 - Page 53

TOP IMMIGRATION ATTORNEYS programs, including the U.S. EB-5 investor visa, he regularly liaises with Asian private clients to address their global entrepreneurial or investor citizenship or residency immigration needs. He also advises human resource personnel, legal department, managers, executives and professionals and multinational corporations on a variety of global immigration matters with an emphasis on the establishment and improvement of immigration compliant global mobility programs including jurisdic tions wi th less for malize d immigration processes and procedures. CHAD R. ELLSWORTH Partner Fragomen Worldwide C had R. Ellsworth is a partner at Fragomen Worldwide and has been with the firm for 15 years. His practice focuses on representing individual and business clients on a wide variety of corporate immigration, private client and related employment matters. Ellsworth advises many high net worth individuals in their immigration related investments. As investors from Asia are the largest users of global investor migration WHAT TRENDS ARE YOU SEEING IN THE EB-5 INDUSTRY? Immigrant visa retrogression has had a chilling effect on the Chinese EB-5 market and may eventually have a similar impact on the Vietnamese market given the popularity of the program. As such, many regional centers are now diversifying their investor markets. I have seen a significant increase in EB-5 usage from non-traditional markets such as India and Africa. Given the global trend towards restrictive immigration policies, including popular destinations such as Australia and the United Kingdom, of investor petitions. She has devoted her entire practice to EB-5 because she is truly passionate about it, allowing her to build a thorough understanding of the process. With a degree in finance and a background handling entrepreneurial cases for clients seeking E-2 or L-1 visas, Hermansky is intimately familiar with the business immigration process and applies this knowledge to her EB-5 cases. Leveraging her knowledge base, she helps investors from the moment they decide to file until they become U.S. citizens, and counseling regional centers on issues of management, staffing and compliance. JENNIFER HERMANSK Y Shareholder Greenberg Traurig LLP J ennifer Hermansky is a shareholder at the Philadelphia office of Greenberg Traurig LLP and is part of the firm’s EB-5 team. She first began working on EB-5 investor cases in 2009 and then added regional center matters to her repertoire. Hermansky has since then been involved in more than 100 regional center projects and has handled thousands the EB-5 program is an increasingly attractive option for entrepreneurs and investors from non-traditional markets such as India and Africa. WHY DID YOU GET INVOLVED IN THE EB-5 INDUSTRY? Fragomen has been one of the leaders in the EB-5 industry since the program’s inception in the 1990 ’s. My direc t interest in the program occurred through representing global financial services institutions who frequently have private clie nts in ne e d of e ntre pre ne urial or investor citizenship or residency solutions, including EB-5. I frequently work with entrepreneurs, investors and their advisors to understand the client's particular circumstances and what they aim to achieve to advise on the solutions most relevant to them. EB-5 is frequently the top choice for entrepreneurs and investors given the dynamism of the U.S. economy and the other significant opportunities afforded by U.S. permanent residency. WHAT TRENDS ARE YOU SEEING IN THE EB-5 INDUSTRY? USCIS is becoming more stringent on their cases under the new administration. They are very carefully reviewing the I -526 petitions for source of funds of the investors. 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 m a r ke t s f o r E B - 5 i n v e s t o r s g r o w significantly, especially in countries like Vietnam, India, South Korea, UAE, Brazil and Venezuela. WHAT DO YOU THINK THE FUTURE OF THE EB-5 INDUSTRY LOOKS LIKE? I believe this year will be a game-changer for the EB-5 program. It is likely we will see an increased investment amount for the first time in the program’s history. I also think we will see changes to how TEA determinations are made and by which agencies. It also is likely that we will finally see some much needed and anticipated integrity measures put into place. EB5INVESTORS.COM 52