1. William A. Stock, Esq. Klasko, Rulon, Stock & Seltzer, LLP Philadelphia New York 1800 John F. Kennedy Blvd., Floor 17317 Madison Avenue, Suite 1518 Philadelphia, PA 19103New York, NY 10017 215.825.8600 212.796.8840 wstock@klaskolaw.com www.klaskolaw.com Visa and Permanent Residence Options for MBA Students Wednesday, February 8, 2012

2. Klasko, Rulon, Stock & Seltzer, LLP William A. Stock, Esq. Bill Stock is a founding partner of Klasko, Rulon, Stock & Seltzer, LLP and has been providing immigration assistance and solutions to leading universities, research institutions, hospitals, multinational corporations, and individuals for over 18 years. Bill is featured in Chambers Global, Best Lawyers in America, Pennsylvania Super Lawyers, Who’s Who of Business Lawyers and other guides to prominent attorneys. He is active in the American Immigration Lawyers Association on a national level, currently serving as a national Director on the Association’s Board of Governors and chairing two national committees. He is also active in NAFSA’s Region VIII and as a Regulatory Ombudsman for the region on scholar and faculty issues. Bill is a graduate of the University of Minnesota Law School and is a frequent author and lecturer on business-related immigration topics and has served as an Adjunct Faculty Member at Villanova University School of Law.

3. Klasko, Rulon, Stock & Seltzer, LLP 2012 Issues Fewer job offers/less quota problems Fewer employers willing to sponsor Impact of layoffs/unemployed U.S. workers Mixed bag for investors and entrepreneurs For more information, visit www.klaskolaw.com

4. Klasko, Rulon, Stock & Seltzer, LLP Employment Options for the F-1 Student 20 hours per week on campus OPT after complete studies Options for the entrepreneur  On-campus employment must be services for students  OPT employment must be related to studies  See “Murky F-1 Employment Issues” (http://www.klaskolaw.com) For more information, visit www.klaskolaw.com

5. Klasko, Rulon, Stock & Seltzer, LLP General H-1B Issues Employer preconceptions and misconceptions Employer requirements  U.S. employer  Pay fees  Post notice  Keep public examination file For more information, visit www.klaskolaw.com

6. Klasko, Rulon, Stock & Seltzer, LLP H-1B Visas Basic requirements  Job Offer Part-time or full-time  Specialty occupation Job requires bachelors or higher degree in specific field  Prevailing wage  Bachelors or higher degree Determine U.S. equivalence of foreign degree Combination of education and experience For more information, visit www.klaskolaw.com

7. Klasko, Rulon, Stock & Seltzer, LLP H-1B Visas Procedure and processing time  File Labor Condition Application with DOL  File H-1B petition with CIS  Change of status or consular visa issuance  Processing time 3 to 5 months 15 days or less with premium processing (cont’d) For more information, visit www.klaskolaw.com

8. Klasko, Rulon, Stock & Seltzer, LLP H-1B Visas Length of approval and extensions  3 year initial approval and 3 year extension  6 year maximum – any combination of employers  Extensions beyond 6 years Recapture time out of U.S. 1 year extension if file labor certification application or immigrant petition one year before expiration 3 year extension if immigrant petition approved and quota backlog (cont’d) For more information, visit www.klaskolaw.com

9. Klasko, Rulon, Stock & Seltzer, LLP H-1B Visas H-1B portability  Present or prior H-1B  Commence employment upon new employer filing petition Spouses  H-4 cannot work Travel  Dual intent (cont’d) For more information, visit www.klaskolaw.com

10. Klasko, Rulon, Stock & Seltzer, LLP H-1B Quota What is it, and what does it mean?  65,000 visas Separate quota for US-educated advanced degree holders  20,000 visas Separate options for Canada, Mexico, Australia, Chile and Singapore  TN-1, E-3, H-1B1 Timing  April 1 filing date  October 1 start date For more information, visit www.klaskolaw.com

11. Klasko, Rulon, Stock & Seltzer, LLP Strategies to Enhance Chances of Getting H-1B Obtaining masters degree Filing multiple years Filing first day Using previously-obtained degree Start your own business  Apply as H-1B employee? For more information, visit www.klaskolaw.com

12. Klasko, Rulon, Stock & Seltzer, LLP H-1B Issues for Start-Up Business Must establish company with employer tax I.D. number Can company be owned by H-1B employee?  Must be W-2 employee  Company separate entity from owner/employee Company right of control over employee For more information, visit www.klaskolaw.com

13. Klasko, Rulon, Stock & Seltzer, LLP H-1B Issues for Start-Up Business Company must prove  Financial ability to pay salary Profits and/or capitalization  Real job to be done by H-1B  Place of business (cont’d) For more information, visit www.klaskolaw.com

14. Klasko, Rulon, Stock & Seltzer, LLP Other employees or owners required?  Ability to hire/fire  Independent Board of Directors Importance of business plan/financial projections Prevailing Wage  CEO vs. function-descriptive position (cont’d) H-1B Issues for Start-Up Business For more information, visit www.klaskolaw.com

15. Klasko, Rulon, Stock & Seltzer, LLP Other Visa Options F-1  Going back to school Advantages of Masters or PhD Working overseas for U.S. employer  Entering U.S. as B-1  Eligibility for L-1 after one year Look at spouse’s status  Spouse of J, E and L can work Country-Specific Options: TN-1, E-3, H-1B1 For more information, visit www.klaskolaw.com

16. Klasko, Rulon, Stock & Seltzer, LLP Other Nonimmigrant (Temporary) Options Treaty (E) Visas Must be national of treaty country  http://www.travel.state.gov./visa Company must be owned at least 50% by treaty country nationals For more information, visit www.klaskolaw.com

17. Klasko, Rulon, Stock & Seltzer, LLP Other Nonimmigrant (Temporary) Options Treaty (E) Visas Visa for 1 to 5 years  Each entry limited to two years  Visa and entry can be extended indefinitely No quota Spouse can work (cont’d) For more information, visit www.klaskolaw.com

18. Klasko, Rulon, Stock & Seltzer, LLP ■Treaty traders (E-1)  “Substantial” import or export  Majority between U.S. and treaty country  Can be manager, supervisor or “essential skill” employee Other Nonimmigrant (Temporary) Options Treaty (E) Visas (cont’d) For more information, visit www.klaskolaw.com

19. Klasko, Rulon, Stock & Seltzer, LLP Other Nonimmigrant (Temporary) Options Treaty (E) Visas Treaty investors (E-2)  “Substantial” investment No exact amount (but think about $50K +) Varies depending upon type of investment Relevant issues  Amount of investment  Number of employees  Needs of business  Likely profitability and growth potential Business plan and financial projections critical (cont’d) For more information, visit www.klaskolaw.com

20. Klasko, Rulon, Stock & Seltzer, LLP ■ Visa applicant can be  Investor or  Manager, supervisor or essential employee Other Nonimmigrant (Temporary) Options Treaty (E) Visas (cont’d) For more information, visit www.klaskolaw.com

21. Klasko, Rulon, Stock & Seltzer, LLP Intracompany Transferee (L-1) Visas National of any country No quota Length of visa  Start up 1 year  Established business 3 years  Maximum length 7 years For more information, visit www.klaskolaw.com

22. Klasko, Rulon, Stock & Seltzer, LLP ■Spouse can work ■Must be “international” business  Business outside U.S. with at least 50% common ownership  Must be employed by that business one year ■Type of employment (in U.S. and overseas companies)  Manager or executive  “Specialized knowledge” employee (cont’d) Intracompany Transferee (L-1) Visas For more information, visit www.klaskolaw.com

23. Klasko, Rulon, Stock & Seltzer, LLP Start-up issues  Place of business  Employees  Capitalization  Need for “manager”  Business plan and financial projections (cont’d) Intracompany Transferee (L-1) Visas For more information, visit www.klaskolaw.com

24. Klasko, Rulon, Stock & Seltzer, LLP Extraordinary Ability (O-1) Visas National or international renown “One of a few at the top of his peers” Must be employer or agent  Can be own company Length of visa  3 years  1 year extensions  Can extend indefinitely For more information, visit www.klaskolaw.com

25. Klasko, Rulon, Stock & Seltzer, LLP Corporate trainee Training not available overseas Formal training program required Productive employment incidental to training Training will qualify for position abroad No “stacking” with OPT, but H-3 can be 24 mos. Trainee (H-3) Visa For more information, visit www.klaskolaw.com

26. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Family Employment Investment Asylum Lottery For more information, visit www.klaskolaw.com

27. Klasko, Rulon, Stock & Seltzer, LLP Spouse of U.S. citizen  No quota wait  EAD and AP within 3 months All other relationships  Long quota wait  No interim benefits Family For more information, visit www.klaskolaw.com

28. Klasko, Rulon, Stock & Seltzer, LLP Asylum Individualized fear of persecution Race, religion, nationality, political opinion, social group, sexual persuasion For more information, visit www.klaskolaw.com

29. Klasko, Rulon, Stock & Seltzer, LLP Lottery Only specified countries One year window www.travel.state.gov For more information, visit www.klaskolaw.com

30. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Employer-sponsored or self-sponsored Labor certification or extraordinary/national interest/exceptional Multiple petitions For more information, visit www.klaskolaw.com

31. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Self-Sponsored  Extraordinary ability EB-1 Extensive documentation required Reference letters critical “One of a few at the top of his peers” National or international recognition (cont’d) For more information, visit www.klaskolaw.com

32. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment  National Interest Waiver EB-2 Standard  Exceptional ability or advanced degree  National priority  National impact Extensive documentation required Reference letters critical (cont’d) For more information, visit www.klaskolaw.com

33. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Employer-Sponsored  Outstanding Researcher or Professor EB-1 “Permanent position” Similar to extraordinary ability  Multinational Manager EB-1 Same as L-1 except must be manager or executive overseas (cont’d) For more information, visit www.klaskolaw.com

34. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Labor Certification Application (PERM)  EB-2 or EB-3  Employer must: Pay attorney fees and advertising costs Define “minimum requirements” Engage in required recruitment Interview U.S. worker applicants Prove unavailability of qualified, interested, and available U.S. worker Pay prevailing wage  Not available to owner of business (cont’d) For more information, visit www.klaskolaw.com

35. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Timing  Electronic filing  Possibility of audit  First of three steps (cont’d) For more information, visit www.klaskolaw.com

36. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment I-140 Petition  1 st step for EB-1 and national interest waiver  2 nd step for PERM Employee documents education and experience  If adjustment of status, file concurrently with I-485 if quota current  If consular immigrant visa processing, approval sent to National Visa Center (cont’d) For more information, visit www.klaskolaw.com

37. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment I-485 (Application for Adjustment of Status to Permanent Resident)  Cannot file until quota is current  Importance of filing Do not need to maintain visa status Can file for spouse and child Can get Employment Authorization Document (EAD) (cont’d) For more information, visit www.klaskolaw.com

38. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Can get advance parole travel document  Eliminate need to obtain visas  Can still maintain and extend H-1B status Can leave employer if  I-140 approved  I-485 pending 180 days  Similar occupation Permanent resident upon approval Timing and delay issues (cont’d) For more information, visit www.klaskolaw.com

39. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment (EB-5) http://www.eb5immigration.com No quota delay Amount of investment  $1,000,000 or  $500,000 in “targeted employment area” For more information, visit www.klaskolaw.com

40. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment (EB-5) Two possibilities  Individual investment Requires 10 full time US citizens or permanent resident employees  Regional center investment Over 200 USCIS - approved regional centers Mostly $500,000 investment Indirect employment creation ok 90-95% of all EB-5 applications (cont’d) For more information, visit www.klaskolaw.com

41. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment (EB-5)  Some have long, successful history – some do not  Choosing a regional center Due diligence list at http://www.eb5immigration.com/choosing-a-regional- center.php  Investor can live and work anywhere (cont’d) For more information, visit www.klaskolaw.com

42. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment (EB-5) Type of business  Active business  New business or expansion of existing business 40% increase in net worth or number of employees (cont’d) For more information, visit www.klaskolaw.com

43. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment (EB-5) Employment creation  10 new or 10 additional full-time jobs  U.S. citizens or permanent residents  Saving 10 jobs in “troubled business” (cont’d) For more information, visit www.klaskolaw.com

44. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment (EB-5) Lawful source of funds  Extensive documentation required  Can be gift Must prove giftor's source of funds  Can borrow money (cont’d) For more information, visit www.klaskolaw.com

45. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment (EB-5) Nature of investor’s relationship to business  Do not have to be employee (but can)  Do not have to be owner (but can) Cannot be purely passive  Limited partner ok (cont’d) For more information, visit www.klaskolaw.com

46. Klasko, Rulon, Stock & Seltzer, LLP Materials Please visit www.klaskolaw.com to download this PowerPoint presentation and relevant articles. For more information, visit www.klaskolaw.com

47. Klasko, Rulon, Stock & Seltzer, LLP For more information, visit www.klaskolaw.com

48. Klasko, Rulon, Stock & Seltzer, LLP For Further Information William A. Stock, Esq. Klasko, Rulon, Stock & Seltzer, LLP E-mail: wstock@klaskolaw.com Telephone: 215-825-8600 (Philadelphia) 212-796-8840 (New York) Websites:www.klaskolaw.com www.eb5immigration.com www.eb1immigration.com Blog:http://blog.klaskolaw.com