Pathway to Working and Investing in America For Foreign Students

28 June 2018
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On 5/11/18 the US Citizenship and Immigration Services (USCIS) unveiled a new policy to make foreign students potentially subject to deportation with unlawful presence accruing starting on the first day after graduation, while effectively eliminating their prospects of overstaying their student visa in America. If the students are indeed deported, or even if they leave after being in the US in unlawful presence after graduation, they may not be able to reenter the US for a period of 3-10 years. The law goes into effect on August 9, 2018.

I am a US attorney. In 1977 I received my college degree from UC Berkeley and it has made all the difference in my life. As of June 2018, I have internationally published 20 books, 160+ articles (for 16 different international publishers) and have won 67 International Tax & Legal Awards.

In 2018, in collaboration with industry experts, my firm, The Wolfe Law Group, has developed a better alternative for graduating foreign students, especially creative types in the arts, utilizing the L-1 and E-2 visa.

Traditional alternatives for foreign-born college students to remain in the US include: H-1B visas, which are being scaled back and EB-5 visas, which have their own challenges.

The L-1 and E-2 visa could be procured by foreign investors who invest in US through investing in Intellectual Property (i.e. copyright for films, music recordings, and video productions). International investors or foreign students can effectively own a US production company for both film and music and in exchange they get their L-1 or E-2 visa. The investments may also entitle the student along with family and friends to also move to America under the L-1 or E-2 visas.

For filmmakers and/or foreign investors it can be as simple as investing in a script. It could be an existing script or one a student or investor has already created. Please see Forbes columnist, Andy Semotiuk, recent articles: Film Makers Look to Foreign Investors to Fund Independent Films and Independent Films Tickets to America for Foreign Investors.

For creatives in music there is an opportunity to work with legendary composer Lamont Dozier. With copyright ownership for music publishing, an additional source of income for films could be an original soundtrack. Please see The Wolfe Law Group 5/22/18 newsletter, How International Students Can Fund Education in America.

Clear explanations of well considered L-1or E-2 visa current alternatives may prove both propitious and invaluable for your foreign college students and it is our hope to provide these benefits to them which may include their continued studies at your college.

For those with follow-up questions, all immigration inquiries should be sent by email to Andy Semotiuk, Andy@myworkvisa.com. I will separately respond to any tax questions.

The time to act is now. The urgency will soon be apparent to those foreign US college students as the impending August 9, 2018 deportable date approaches.

Please pass this on to those who you think may benefit. For more information please send inquiries to Gary S. Wolfe, Esq. (gsw@gswlaw.com).