Part 2: Pre-Immigration Disposition of Assets: Options [IMPORTANT NOTE: The subject of global taxation is immensely complex and varies from jurisdiction to jurisdiction.  The scope of this article is broad and does not constitute legal advice.  Any individual concerned about global tax implications needs to discuss the subject in detail with qualified tax advisors in both their home country and in the foreign countries in which they are investing and/or considering as a future immigration destination.] Although there are some isolated exceptions, a person does not become liable for taxation in a given country until they become a “tax resident” of that country.  While getting U.S.

AVS Leadership Team in Meetings to Discuss Reforms and Future of EB-5 AVS Director Monica Pham, AVS General Counsel Laura Callava, and AVS President Jose Latour arrived in Washington, D.C.

LatourLaw Family Offices 5 Part Series Explaining Pre-Immigration Tax Planning, Options, and Strategies Part 1: The Importance of Pre-Immigration Tax Planning [IMPORTANT NOTE: The subject of global taxation is immensely complex and varies from jurisdiction to jurisdiction.  The scope of this article is broad and does not constitute legal advice.  Any individual concerned about global tax implications needs to discuss the subject in detail with qualified tax advisors in both their home country and in the foreign countries in which they are investing and/or considering as a future immigration destination.] With more and more wealthy families in Vietnam considering the option of international education for their children, programs like the U.S.

Okay, my Vietnamese (and Indian) friends and investors, take a deep breath and let me explain why the new August Visa Bulletin is neither surprising…nor as horrible as it looks.  YES, it is true that the just-released bulletin appears to add a substantial amount of backlog time to EB-5 applicants from Vietnam and India, but remember:  the monthly Visa Bulletin is a static snapshot in time of the current projections, it is NOT evidence of what will actually happen in the future!

The final rule on EB-5 reform is about to be published and the day of the $500,000 EB-5 will be over.

USCIS processing continues to be slow, but we are seeing signs of progress.

Despite progress made in 2018, USCIS’ EB-5 unit still faces substantial challenges as it strives to reduce its backlog of EB-5 petitions.

Last year, USCIS was able to reduce the number of pending (and long-delayed) I-526 EB-5 investor petitions by some 10,000. Despite this progress, the delays continue, frustrating investors eager to move to the U.S.

A Forbes article on this subject was quite interesting in highlighting how an investor might be making a better call going with an E-2 vs. EB-5 visa for countries with backlogs like Vietnam.