DDK LAW

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Avoid These Errors When Applying for a U.K. Entrepreneur Visa

The U.K.'s Tier 1 entrepreneur visa was designed to attract inward investment and to actively support entrepreneurial opportunities within Britain.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>The entrepreneur visa was intended to enable Britain to compete globally for foreign …

Entrepreneurship

What’s ahead for EB-5?

<i>With help from Ian Kullgren and Andrew Hanna</i><p><b>WHAT’S AHEAD FOR EB-5?:</b> The EB-5 investor visa program will expire Sept. 30, a deadline that’s worrying some investors, Gauri Bhatia writes for CNBC. The EB-5 program allows foreigners who invest $500,000 in a U.S. commercial project that creates at least …

Wall Street

Cyprus is finally making it harder for people to buy their way into the EU

Cyprus has been running one of the most desirable citizenship-by-investment schemes in the world since 2013. That could soon be coming to an end.<p>Commonly known as a “golden passport” program, the scheme grants foreign investors who spend €2 million ($2.34 million) a passport from the small …

Selling

Where the Super-Rich Go to Buy Their Second Passport

Cheaper than a Gulfstream, nimbler than a superyacht, a second passport—or a third or fourth—has become another trophy for the ultra-wealthy.<p>Even …

Huge jump in number of super-rich immigrants applying for UK investor visas

The number of millionaires and billionaires applying to move to the UK as part of a special visa programme aimed at attracting rich immigrants rose …

Overselling NYC: Two EB-5 pioneers are facing investor backlash

Michael Gibson, a Miami investment adviser, was hosting clients at his booth in the Las Vegas Convention Center when he became bothered by two men …

Rich Indians are finding a way into the US with “golden visas”

The wealthy Chinese have been paying hundreds of thousands of dollars to effectively buy legal US residency. Now it’s a tactic taking off with Indians. The US will grant permanent residency, colloquially known as a green card, to foreign nationals who invest as little as $500,000 into the US …

Real Estate

A Tech Guru Captivated Canada. Then He Fled to China.

VANCOUVER, British Columbia — Sun Yian was living the Canadian dream.<p>The Chinese immigrant found fortune harnessing Canadian talent to develop cutting-edge technology, everything from semiconductors to facial recognition, to take back to China. His company grew to more than 1,500 employees across …

Millionaire migrants pouring into Australia

The Business Council of Australia and Ernst & Young told a Senate inquiry in June that the top income tax rate needed to be cut to keep high-net …

More than a third of Chinese millionaires want to leave China, here's where they want to go

The U.S. is the top destination among Chinese millionaires looking to move their families, and money, to another country, according to a new …

Investigation reveals widespread abuse of Macau cash-for-residency scheme

An anti-corruption inquiry has revealed long-running and extensive abuse of a Macau cash-for-residency scheme, sparking concerns that the programme …

‘Golden Ticket’ Visas for Investors Need Overhaul, Lawmakers Say

A visa program that offers wealthy foreigners legal residence in the U.S. if they invest in projects that create jobs needs to be overhauled or …

DHS: More Time Needed for Foreign Investor Visa Overhaul

EB-5 visa program gives up to 10,000 visas annually to investors who spend at least $500,000 in area of need<p>The Trump administration does not expect …

Call of Canada: why Hongkongers are leaving for a second time

The <i>Post</i> recently reported on a 30 per cent rise in the number of Hong Kong people applying for permanent residency in Canada – from 1,206 …

New UK business visa will accept people without degrees

Foreign entrepreneurs could find it easier to come to the UK to set up businesses after the government confirmed plans to introduce a new startup visa, which it said would begin welcoming people without a university education and improve the application process.<p>The announcement came in the wake of …

Give Immigrant Entrepreneurs Green Cards, Not ‘Parole’

The U.S. can’t promote liberty and prosperity unless it respects the rights of those who create jobs.<p>By<p>Paul Donnelly<p>Political fights over detained immigrant children and the Deferred Action for Childhood Arrivals program have dominated the immigration debate for the past few months. Yet the White …

Obama Administration

Immigration firm appears to thrive after Trump lawyer Michael Cohen's help

AT&T and drug giant Novartis got nothing but bad publicity when they asked Donald Trump's personal attorney Michael Cohen for help with business, but …

H-1B visa to green card: Wait time for Indian workers is up to 151 years

Many of the Indian tech employees in the United States who don’t leave the country after their H-1B visas expire get sponsored by companies offering …

The homecoming of H-1B rejects is turning India into a new land of opportunity

In 2014, Gaurang Poddar landed a job at Ernst & Young (EY) in New York after graduating with a degree in mechanical engineering and business administration from Carnegie Mellon University.<p>Then the H-1B visa ground him down. The uncertainty in the timeline of securing the much sought-after visa and …

Startups

Citizenship for sale: how the rich shop for new passports

It’s the must-have accessory for every self-respecting 21st-century oligarch, and a good many mere multimillionaires: a second – and sometimes a …

This Is The Real Price To Be Paid For Chelsea Owner Roman Abramovich's Visa Chaos

Chelsea Football Club announced that plans for redeveloping Stamford Bridge are being put on hold due to “the current unfavourable investment climate.” That isn’t a reference to Brexit. It has to do with officials in the United Kingdom delaying the renewal of a visa for Roman Abramovich, the …

The Millionaires Are Fleeing. Maybe You Should, Too.

Tracking the rich has become a voyeuristic global industry, a form of celebrity worship. But it can also provide serious clues about where countries are headed.<p>When a country begins to fall into economic and political difficulty, wealthy people are often the first to ship their money to safer …

Citizenship for sale: how tycoons can go shopping for a new passport

It’s the must-have accessory for every self-respecting 21st-century oligarch, and a good many mere multimillionaires: a second – and sometimes a third or even a fourth – passport.<p>Israel, which helped Russian billionaire Roman Abramovich out of a spot of bother this week by granting him citizenship …

Investing

Ecuador’s Termination of Bilateral Investment Treaty With the United States Impacts E-2 Visa Holders

<b>Author:</b> Melissa Manna (Raleigh)<p><b>Published Date:</b> May 31, 2018<p>On May 18, 2018, the Department of State (DOS) announced the termination of a bilateral …

Immigrants founded more than half of billion-dollar U.S. startups

Immigrants helped found more than half of the U.S.'s 87 startup companies valued at more than a billion dollars in 2016, according to a study by the …

Startups

The US is limiting visas for Chinese international students majoring in tech

The latest victim in the technology race is students<p>The US State Department announced yesterday it’s going to shorten the length of visas granted to Chinese citizens, a move to combat the supposed theft of US intellectual property, according to the <i>Associated Press</i>. Although the visa application …

Department of Homeland Security moves to finally rescind the International Entrepreneur Rule

After nearly a year of protest and litigation, the Department of Homeland Security finally announced late last week that it was moving ahead with plans to rescind the International Entrepreneur Rule, which would have allowed immigrant founders of startups to remain in the U.S. for up to five …

Government hikes fees to renounce British citizenship after Brexit foreign nationality surge

The Home Office has hiked fees sharply for UK nationals to renounce their British nationality, following a Brexit surge in people adopting the …

Sharp hike in US EB5 visa investment limits expected: Expert

New Delhi, May 27 (IANS) With the latest deadline for the extension of the US EB5 visa, popularly known as the "Golden Visa", that allows foreign …

Chinese Companies Investing in American Companies: Meet The Free Look Investment Scheme

The era of large scale “take over” type Chinese investment in U.S. companies appears to be over. However, our China lawyers still seeing a lot of …