1. H. Ronald Klasko, Esq. Klasko, Rulon, Stock & Seltzer, LLP Philadelphia New York 1800 JFK Blvd., 17 th Floor317 Madison Ave., Suite 1518 Philadelphia, PA 19103 New York, NY 10017 215.825.8600 212.796.8840 rklasko@klaskolaw.com www.klaskolaw.com rklasko@klaskolaw.com Visa and Permanent Residence Options for the MBA Student Monday, October 5, 2009

2. Klasko, Rulon, Stock & Seltzer, LLP H. Ronald Klasko, Esq. Ron Klasko has been providing immigration assistance and solutions to leading universities, hospitals, and research institutions for over 25 years. Ron is a past National President of the American Immigration Lawyers Association. He has been a member of the AILA Board of Governors since 1980. His firm is the first immigration law firm global partner of NAFSA: Association of International Educators. The firm has been selected as one of six top tier immigration firms in the United States for the past four consecutive years by the prestigious Chambers Global: The World's Leading Lawyers for Business (Chambers and Partners). This publication noted the firm as the “strongest in the country” when it comes to representing clients in the university research and medical sectors and recognized Ron as “a leading national practitioner who really does it all” who is “literally on the cutting edge” when it comes to immigration policy and legislative issues. Ron has been selected as one of twelve top tier immigration lawyers in the US by The Chambers Global Guide. He is selected annually for inclusion in Best Lawyers in America. The International Who’s Who of Business Lawyers 2007 and 2008 editions selected Ron as the “most highly regarded” immigration lawyer in the world. Ron is a frequent author and lecturer on hospital and university-related immigration law topics and is a former Adjunct Professor of Immigration Law at Villanova University Law School. Ron is a graduate of the University of Pennsylvania School of Law.

3. Klasko, Rulon, Stock & Seltzer, LLP 2009 Issues Fewer job offers H-1B quota Impact of layoffs Increased opportunities for investors and entrepreneurs

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)http://www.klaskolaw.com

5. Klasko, Rulon, Stock & Seltzer, LLP H-1B Basics Need employer sponsorship Employer obligations  Fees  Prevailing wage  Posting notice  Public examination file Specialty occupation Employer misconceptions and preconceptions Advantage of “Portability” Part-time or Full-time

6. Klasko, Rulon, Stock & Seltzer, LLP New H-1B Hurdles Employers receiving TARP funds  Recruitment  Must hire equally qualified U.S. Citizen

7. Klasko, Rulon, Stock & Seltzer, LLP H-1B Quota Numbers  65,000  20,000 extra for U.S. masters Quota used up  Past years  2009 File April 1; Start October 1 Employment during “cap gap” Travel Issues

8. Klasko, Rulon, Stock & Seltzer, LLP Quota Exempt H-1B University Non-profit company  “Affiliated” with university  Research organization Employed “at” university or other quota- exempt employer Concurrent employment Previous H-1B

9. 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 Combination of education and experience Start your own business  Apply as H-1B employee

10. 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

11. Klasko, Rulon, Stock & Seltzer, LLP H-1B Issues for Start-Up Business Must establish company with employer tax I.D. number Company can be 100% owned by H-1B employee  Must be W-2 employee  Company separate entity from owner/employee

12. Klasko, Rulon, Stock & Seltzer, LLP 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) H-1B Issues for Start-Up Business

13. Klasko, Rulon, Stock & Seltzer, LLP Importance of business plan/financial projections Other employees helpful – not required Prevailing Wage  CEO vs. function-descriptive position (cont’d) H-1B Issues for Start-Up Business

14. 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

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

16. Klasko, Rulon, Stock & Seltzer, LLP (cont’d) 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

17. 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 (cont’d) Other Nonimmigrant (Temporary) Options Treaty (E) Visas

18. Klasko, Rulon, Stock & Seltzer, LLP Treaty investors (E-2)  “Substantial” investment No exact amount 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) Other Nonimmigrant (Temporary) Options Treaty (E) Visas

19. Klasko, Rulon, Stock & Seltzer, LLP Visa applicant can be  Investor or  Manager, supervisor or essential employee (cont’d) Other Nonimmigrant (Temporary) Options Treaty (E) Visas

20. 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

21. Klasko, Rulon, Stock & Seltzer, LLP Intracompany Transferee (L-1) Visas 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)

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

23. 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

24. 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 Trainee (H-3) Visa

25. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Family Employment Investment Asylum Lottery

26. 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

27. Klasko, Rulon, Stock & Seltzer, LLP Asylum Individualized fear of persecution Race, religion, nationality, political opinion, social group, sexual persuasion

28. Klasko, Rulon, Stock & Seltzer, LLP Lottery Only specified countries One year window www.travel.state.gov

29. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment(EB-5 ) www.eb5immigration.com No quota delay Amount of investment  $1,000,000 or  $500,000 in “targeted employment area”

30. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment (EB-5) Type of investment  Generally cash  “At risk”  Cannot use debt with investment enterprise as collateral (cont’d)

31. 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)

32. 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)

33. 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)

34. 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)

35. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment (EB-5) Two possibilities  Individual investment See above  Regional center investment Approximately 30 USCIS – approved regional centers Mostly $500,000 investment Indirect employment creation ok (cont’d)

36. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Investment (EB-5 )  Some have long, successful history – some do not  Pilot program  Choosing a regional center Due diligence list at http://www.eb5immigration.com/choosing-a- regional-center.php http://www.eb5immigration.com/choosing-a- regional-center.php (cont’d)

37. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Employer-sponsored or self-sponsored Labor certification or extraordinary/national interest/exceptional Multiple petitions

38. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Self-Sponsored  Extraordinary ability EB-1 Extensive documentation required Reference letters critical (cont’d)

39. 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)

40. 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)

41. 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 (approximately 4-5 months)  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)

42. Klasko, Rulon, Stock & Seltzer, LLP Permanent Resident Status Employment Timing  Electronic filing  Possibility of audit  First of three steps (cont’d)

43. 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)

44. 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)

45. 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)

46. Klasko, Rulon, Stock & Seltzer, LLP Questions?

47. Klasko, Rulon, Stock & Seltzer, LLP For Further Information H. Ronald Klasko, Esq. Klasko, Rulon, Stock & Seltzer, LLP rklasko@klaskolaw.com 215-825-8600 (Philadelphia) 212-796-8840 (New York) www.klaskolaw.com www.eb5immigration.com