Update on the Illinois and MSA Economies and the Housing Market
Impact of Proposed Immigration Bill on Real Estate Industry
1. Impact of the Proposed Immigration
Bill on the Real Estate Industry In
Comparison to the Present Law
Presented by:
Mary Carmen R. Madrid-Crost, Esq.
Founder, Madrid Crost Law Group
2. The Law Pertaining to Foreign
Businesses, Entrepreneurs and Workers
Definition and Distinction
Non-Immigrant Visa
Treaty Traders (spouse)
Treaty Investors (spouse)
Employment Generating Immigrant Visa
EB-5
3. The Law Pertaining to Foreign
Businesses, Entrepreneurs and Workers
Requirements: E-1 and E-2 Visas
E-1 (Treaty Trader)
• national of a country with which the United States
maintains a treaty of commerce and navigation
• carry on substantial trade
• carry on principal trade between the United States and
the treaty country which qualified the treaty trader for E-
1 classification.
4. The Law Pertaining to Foreign
Businesses, Entrepreneurs and Workers
Requirements: E-1 and E-2 Visas
E-2 (Treaty Investor)
• national of a country with which the United States maintains a
treaty of commerce and navigation
• Have invested, or be actively in the process of investing, a
substantial amount of capital in a bona fide enterprise in the United
States
• seeking to enter the United States solely to develop and direct the
investment enterprise. This is established by showing at least 50%
ownership of the enterprise or possession of operational control
through a managerial position or other corporate device.
5. The Law Pertaining to Foreign
Businesses, Entrepreneurs and Workers
Treaty Countries
http://travel.state.gov/visa/fees/fees_3726.html
Treaty Countries for E-1 Only:
Treaty Countries for E-2 Only
Treaty Countries for both E-1 and E-2
6. The Proposed Bill
Legalization of Family Members
Business Immigration
More H-1Bs
STEM
Guest Worker Program
Agricultural Jobs
Visas for Low-Skilled Workers
9. About The Madrid Crost Law Group
The Madrid Crost Law Group is an established law firm fully
concentrating in immigration and naturalization law. For more
than 15 years, the Madrid Crost Law Group has been committed
to delivering the highest quality of immigration compliance
solutions and legal defense to a broad spectrum of clientele
consisting of individuals and business organizations with
immigration-related issues. The law firm attorneys are members
of the American Immigration Lawyers Association (AILA).
Mary Carmen Madrid-Crost, Principal Attorney, is the 2012-
2013 Chair of the American Immigration Lawyers Association’s
National Committee on Consumer Protection and Unauthorized
Practice of Law. She has led the committee to concentrate its
activities on consumer education by popularizing the website
www.stopnotariofraud.org. She was last year’s Chair for the AILA
Chicago Chapter’s Workplace Enforcement Committee.