The tax structure applicable to foreigners in the United States of America has been specifically designed to reduce the ability of individuals to operate outside the jurisdiction of the IRS. In foreign countries, tax authorities often lack the ability to enforce tax laws as effectively as the IRS. Hence, many foreigners who obtain residency in…
The EB-5 visa program was set up in 1990 as an attempt to promote job creation in the US economy by creating an inflow of capital investments from investors residing in foreign countries. The EB-5 program is administered by the USCIS. The visa program has a built-in sunset clause that comes into effect every three…
A drastic decrease in the proportion of immigrants seeking Canadian citizenship, from 79% in 2000 to 26% in 2008, is raising fears that new rules and fees are discouraging immigrants from becoming Canadian citizens. Analysis of citizenship data has led to former Citizenship Director-General, Andrew Griffith, to warn about the implications of immigrants becoming disenchanted…
Internal investigations conducted by the Department of Homeland Security have found allegations of intervention of a top DHS official into EB-5 projects backed by Virginia Gov Terry McAuliffe and Senator Harry Reid to be true. The report prepared by the DHS Inspector General holds the deputy secretary of DHS guilty of creating the impression of…
With its main investment vehicle, JAMPRO confirming the government’s interest in implementing an investment immigration program, Jamaica is set to become the next Caribbean country to offer residency in exchange of investment from wealthy citizens of foreign countries. The program is expected to offer a special immigration status to individuals bringing significant investments into the…