EB-5 Visa Applicants Need Careful Tax Planning

By Alexander X. Wang | November 5, 2014 |

Immigration policy may be a sore point in Washington DC, but one immigration program has been a resounding success. The EB-5 Visa program, created by the Immigration Act of 1990, provides a fast track to a US green card for foreign investors who promise to create jobs for US workers. The program has the potential to be a win-win – for investors who want to become US residents, for US workers and for the US economy.

But participation in the program comes with a price – having to manage a complex set of tax issues. If not handled correctly, the result can be excessive taxation and in some cases compliance problems.

This article was originally published in The Metropolitan Corporate Counsel, December 2014.

About Alexander X. Wang

Alexander X. Wang, CPA, MST, brings over 25 years of experience to his role as Partner in the Tax Practice at Marks Paneth LLP. In this capacity, Mr. Wang provides a broad range of tax consulting, planning and compliance services to both publicly traded and privately held multinational corporations, as well as partnerships, limited liability companies, and high-net-worth individuals. Mr. Wang started his tax consulting career at a Big Four Professional Services Firm in New... READ MORE +