A New And Promising Immigration Tool For Entrepreneurs
Law360, New York (January 10, 2017, 1:31 PM EST) -- Jonathan Grode
Matthew T. Galati
A sea change in entrepreneur immigration could be underway. On Dec. 27, 2016, the United States Citizenship and Immigration Services Administrative Appeals Office (AAO) issued precedent decision Matter of Dhanasar, potentially a game-changer in how entrepreneurial-minded individuals can utilize the EB-2 national interest waiver (NIW) to secure a green card.
Previously, most entrepreneurs needed a minimum $500,000 investment with precise job creation requirements to confer EB-5 conditional residency. The EB-2 NIW visa was a fool's errand for most entrepreneurial immigrants given 19-year-old precedent that led to inconsistent adjudications and limited flexibility. Dhanasar, however, is poised to...
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