Browse Category: Legal Consultancy Support

EB-5: The Best USA Immigration Option for Russian Nationals & Expats In Russia and the CIS

Relocating to the U.S. and becoming a lawful permanent resident and perhaps eventually a citizen can be a complicated and difficult process for the Russian individual or family. Many Russians hoping to immigrate to the U.S. are faced with lengthy delays and wait times only to discover their visa applications have been denied for seemingly minor mistakes.

However, for Russian nationals whose primary motivation is immigrating to the U.S., there is a better option available known as the U.S. Immigrant Investor Program (“EB-5”). The program was created by Congress in 1990 to encourage the investment of foreign capital into the American economy. Under current legislation (which is likely to change drastically or even be eliminated September 30th of this year) for a minimum investment amount of $500,000, (the beginning of the permanent resident status process can be realised in 12-24 months.

This type of visa does not involve excessively long wait times for Russian nationals and requires no labor certification to prove unavailability of U.S. workers, no close family member in the U.S. to petition on behalf of immigrant, no assertion of exceptional or extraordinary ability, no showing of persecution or showing of fear that they will be persecuted on account of race, religion, nationality, and/or membership in a particular social group or political opinion, no business to operate directly on a daily basis, and no employment sponsorship needed.

This investment amount can be obtained through the investor’s own means or through gifts received from family members and other individuals.

If you are considering permanent resident status in the U.S. by investing lawfully obtained funds (in real estate projects by acquired funds of at least $500,000,) now is the time to get started with the process!

The minimum investment amount will likely substantially increase to $1,750,000 on September 30th or the program could also be eliminated.

However, an initial EB-5 application filed before the deadline of September 30, 2018, will grandfather the Russian investor at the current lower amount.  Additionally, we have (Matthew has) unique relationships throughout the United States which may be able to expedite the investment process and possibly returning the funds in as little at 3 years verses the typical 5-7 year time frames experienced by other EB-5 investors.  Previous clients have seen approvals in as little as 12 months verses the normal 24 month time frames as well.  This is based on the last investor in, first investor out strategies available when seeking Mr. Morley as special counsel.

The EB-5 visa, in its current form, may be the best option for certain Russian nationals and expats currently living in Russia and the CIS, if they act sooner rather than later.

 

About The Author

Matthew R. Morley, Esq. is a Partner at Vasiliev, Klein & Usov based in Moscow, Russia. An Alinga Group Company.

Morley is American attorney practicing in the area of US Immigration and Nationality Law.

Morley specializes in EB-5 representation with his offices in Moscow and Boston and is available by contacting Alinga Consulting Group for a free consultation regarding the EB-5 Visa Program.

Chet Bowling: Secrets of successful start-ups

When starting a business in Russia, it is worth paying attention to the registration process, as mistakes made at this stage have the potential to negatively affect all further work. How can foreigners ensure that their business launches successfully in Russia? Chet Bowling, Founder and Managing Partner of Alinga Consulting, offers some advice. He has been advising foreigners in Russia for more than 20 years, with his company providing legal support and outsourced accounting and audit services since 1999. Continue Reading

Denis Vasiliev: The Law on Controlled Foreign Companies. A Common Sense Approach

Denis Vasilev, attorney, partner at Podolsky, Vasiliev & Klein. More than 20 years of experience working with major Russian and international companies on issues of corporate structuring, taxation, real estate, as well as contract and financial law.

A lawyer’s advice to Russian subsidiaries of foreign companies, foreign managers in Russia, and Russian businesses and individuals with foreign accounts and companies.

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Denis Vasiliev: How to choose a corporate lawyer in Russia?

How do you choose a lawyer to represent your interests in court, prepare contracts, verify the purity of transactions, and ensure compliance? What do you do if you need a trusted, competent firm, but the services of the Big Four are too expensive? Any company with an interest in quality legal support at a reasonable price asks itself these questions. We asked Denis Vasilev, partner at Podolsky Vasiliev Klein, to help us answer them. Vasilev has spent more than 20 years working with major Russian and international companies on issues of corporate restructuring, taxation, contract law and court representation.

What advice will we receive from an expert who has deep inside knowledge of how the legal system functions?

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Deoffshorization


 

Deoffshorization

And How Alinga Consulting Group Can Help

By Peter Arnett
Partner

 

 

Russia’s new “deoffshorization” law is part of a concerted effort by governments around the world to regulate and tax the income and gains diverted to tax havens by businesses and individuals.

By 2018 Russian authorities could be receiving information, previously secret, about shareholdings and beneficial ownership in countries around the world, including from some of the favorite low-tax jurisdictions.

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Russia’s Foreign Workers

Even as a good number of westerners working in Russia’s financial markets are packing their bags and heading home as lay-offs sweep that industry, foreign workers as a whole make up a large percentage of the Russian work force and are likely to remain a strong presence in Russia due to demographic and economic pressures. Continue Reading

Storing Personal Data In Russia. Questions Without Answers

As this publication is going to print, a new law, which comes into force on the first of September, 2015, will mandate that the personal data (PD) of Russian citizens be stored only in Russia. Or maybe it doesn’t. Or maybe it does, but not only in Russia. Or maybe not stored. Let’s try to understand.

The law was passed unexpectedly. Further, it was approved not in a version that matches the opinion of Russia’s relevant agencies and its business community. According to some unofficial comments, the Act targeted major Internet companies, such as large social networks and search engines, who hold and own a vast array of information about Russia’s citizens. Initially the law’s purpose, as announced, sounded quite noble and necessary – to ensure that every citizen of Russia, in providing their personal data, would be able to demand the data’s deletion. To do this, every citizen must be able to call upon the controller of the personal data, and so this data should be in Russia and there should be a Russian address to which a request for deletion can be made. Continue Reading

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